Paramount Gold Nevada Corp.: Paramount Gold takes another step to enable Grassy Mountain

Waste Plastic Upcycling AS: WPU – Environmental Allow to Begin Up – Granted

Date: March 28, 2023
Announcement no: 8
ISIN: DK0061676400


WPU - Environmental allow to start out working - granted 

WPU - Waste Plastic Upcycling A/S ("Waste Plastic Upcycling" or "WPU" or the
"Group" or the "Firm") is happy to announce that it consistent with
expectations has been granted the environmental allow required to start

Granting of the environmental allow is a prerequisite for starting operations
on the WPU - Faarevejle facility. 
The environmental allow is granted by Odsherred Municipality after months of
cautious evaluation that the operation of the power will be managed with out
inflicting air pollution to the environment that's incompatible with concerns
of the vulnerability of the environment and the willpower that the corporate
has taken the mandatory measures to forestall and restrict air pollution.

FACTS concerning the WPU Faarevejle facility:

o	The Faarevejle facility relies on the WPU Batch expertise - a sophisticated
chemical upcycling expertise which converts end-of-life plastic waste to
upcycled plastic oil liquid ( PtL) that in flip can be utilized for instance to
produce new plastic,
o	The power is the primary commercial-scale WPU facility and prepared for
manufacturing in approx. one yr from groundbreaking,
o	The Facility will encompass six reactors and can initially have the capability
to deal with approx. 42,000 tons (92,000,000 US kilos) of plastic waste per yr,
o	The upcycling course of is materially power self-sufficient as reactor fuel from
manufacturing is utilized to warmth the reactors,
o	CAPEX for the development of the power was EURm 14, 
o	As soon as absolutely operational the Faarevejle facility will generate a yearly EBITDA
of EURm 15, 
o	The power shall be upcycling end-of-life plastic waste from Q2-2023, and
o	That EU COM's JRC lately confirmed that plastics recycling emits much less CO2
than power restoration (incineration) cf:

About WPU:

WPU Waste Plastic Upcycling A/S is a Danish firm targeted on upcycling plastic
waste to grease, that could be used as full vary Naphtha or could also be distilled to
kerosene/jet gas. The technique and major aim of Waste Plastic Upcycling A/S is
to upcycle end-of-life plastic waste through the use of its batch pyrolysis expertise.
WPU goals for additional enlargement, within the European market in addition to globally. WPU
is nicely positioned for this enlargement with its confirmed expertise that's
peer-leading in respect of low CAPEX, excessive capability and fast-paced building
which can set the longer term requirements within the rising marketplace for plastic pyrolysis
throughout the waste plastic business.

For additional data, contact:
Klaus H Lindblad, Vice Chairman, International Head of IR and Authorized, e-mail:

Essential discover: 
This announcement just isn't and doesn't kind part of any provide to promote, or a
solicitation of a proposal to buy, any securities of the Firm. Copies of
this announcement will not be being made and is probably not distributed or despatched into any
jurisdiction by which such distribution can be illegal or would require
registration or different measures. The securities referred to on this announcement
haven't been and won't be registered beneath the U.S. Securities Act of 1933,
as amended (the "Securities Act"), and accordingly is probably not supplied or bought in
america absent registration or an relevant exemption from the
registration necessities of the Securities Act and in accordance with
relevant U.S. state securities legal guidelines. The Firm doesn't intend to register
any a part of the providing in america or to conduct a public providing of
securities in america. Any sale in america of the securities
talked about on this announcement shall be made solely to "certified institutional
patrons" as outlined in Rule 144A beneath the Securities Act. In any EEA Member
State, this communication is just addressed to and is just directed at certified
traders in that Member State throughout the which means of the Prospectus Regulation,
i.e., solely to traders who can obtain the provide with out an authorised prospectus
in such EEA Member State. The expression "Prospectus Regulation" means
Regulation (EU) 2017/1129 as amended (along with any relevant implementing
measures in any Member State. This communication is just being distributed to
and is just directed at individuals in the UK which are (i) funding
professionals falling inside Article 19(5) of the Monetary Providers and Markets
Act 2000 (Monetary Promotion) Order 2005, as amended (the "Order") or (ii) excessive
internet price entities, and different individuals to whom this announcement could lawfully be
communicated, falling inside Article 49(2)(a) to (d) of the Order (all such
individuals collectively being known as "related individuals"). This communication
should not be acted on or relied on by individuals who will not be related individuals. Any
funding or funding exercise to which this communication relates is
obtainable just for related individuals and shall be engaged in solely with related
individuals. Individuals distributing this communication should fulfill themselves that it
is lawful to take action. Issues mentioned on this announcement could represent
forward-looking statements. Ahead-looking statements are statements which are
not historic info and could also be recognized by phrases equivalent to "consider", "count on",
"anticipate", "technique", "intends", "estimate", "will", "could", "proceed",
"ought to" and related expressions. The forward-looking statements on this launch
are based mostly upon numerous assumptions, lots of that are based mostly, in flip, upon
additional assumptions. Though the Firm consider that these assumptions have been
cheap when made, these assumptions are inherently topic to vital
recognized and unknown dangers, uncertainties, contingencies and different vital
components that are troublesome or not possible to foretell, and are past their
management. Such dangers, uncertainties, contingencies and different vital components
may trigger precise occasions to vary materially from the expectations expressed
or implied on this launch by such forward-looking statements. The Firm does
not make any assure that the assumptions underlying the forward-looking
statements on this announcement are free from errors nor does it settle for any
accountability for the longer term accuracy of the opinions expressed on this
announcement or any obligation to replace or revise the statements on this
announcement to replicate subsequent occasions. You shouldn't place undue reliance
on the forward-looking statements on this announcement. The knowledge,
opinions and forward-looking statements contained on this announcement converse
solely as at its date, and are topic to alter with out discover. The Firm does
not undertake any obligation to overview, replace, verify, or to launch publicly
any revisions to any forward-looking statements to replicate occasions that happen or
circumstances that come up in relation to the content material of this announcement.
Neither the Supervisor nor any of its associates makes any illustration as to the
accuracy or completeness of this announcement and none of them accepts any
accountability for the contents of this announcement or any issues referred to
herein. This announcement is for data functions solely and isn't to be
relied upon in substitution for the train of unbiased judgment. It isn't
meant as funding recommendation and not at all is it for use or
thought-about as a proposal to promote, or a solicitation of a proposal to purchase any
securities or a suggestion to purchase or promote any securities of the Firm.
Neither the Supervisor nor any of its associates accepts any legal responsibility arising from
using this announcement. The distribution of this announcement and different
data could also be restricted by regulation in sure jurisdictions. Individuals into
whose possession this announcement or such different data ought to come are
required to tell themselves about and to look at any such restrictions. This
announcement is an commercial and isn't a prospectus for the needs of
Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14
June 2017 on prospectuses to be printed when securities are supplied to the
public or admitted to buying and selling on a regulated market, and repealing Directive
2003/71/EC (as amended) as applied in any Member State. This data is
thought-about to be inside data pursuant to the EU Market Abuse Regulation,
and is topic of the disclosure necessities of part 5-12 of the Norwegian
Securities Buying and selling Act.

Click on right here for extra detailed data

© Oslo Bors ASA, supply Oslo Inventory Change

Author: ZeroToHero

Leave a Reply

Your email address will not be published. Required fields are marked *