Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market

More than 66,000 tonnes of non-recyclable plastics will be used to create 70 million liters of road-ready fuel in Thailand.

The Institute for Global Environmental Strategies revealed Thailand is the ideal location to construct and operate a plastics to road-ready fuel facility, calling it ,Project Thailand. 

IGE focuses on creating a clean plant for future generations, by converting plastics into valuable fuels. It plans to create a new way of living, by tackling major social challanges, which have resulted a global, enviromental crises.

The project has been approved by the Thailand Board of Investment which will consist of four, 50 tonnes per day of plastic to fuel processing modules.

200 tonnes of landfill will be removed, per day from waterways and landfills, reducing the carbon footprint by almost 40 per cent in the use of diesel, and 30 per cent reduction in the use of petrol. 

This fuel meets the EN 590 diesel requirement and EN 228 petrol requirement. IGE is working alongside international partners like Amsterdam and Hong Kong, to maximise the benefit of its technology and value to stakeholders.

Please find the announcement attached here: 

https://hotcopper.com.au/threads/ann-iges-project-approved-by-thailand-board-of-investment.4691349/
More From The Market Herald
Senex Energy (ASX:SXY) - CEO and MD, Ian Davies

" Senex Energy (ASX:SXY) in talks with POSCO International over $815m takeover bid

Senex Energy (SXY) has spiked in early trading action after flagging a takeover bid from South Korean big-cap POSCO International that values SXY

" Renergen (ASX:RLT) facilitates first helium forward sale agreement

Renergen has facilitated its first helium forward sale agreement of 100,000 units over a period of nineteen years.

" Strike successfully runs the final casing string at West Erregulla 2

Strike Energy has successfully run the final casing string in the West Erregulla 2 well.

" Alligator Energy invests in foreign field

Alligator Energy is stepping away from the namesake Alligator Rivers Uranium Province for the first time by inking up a farm-in agreement with