Following my post earlier today, I did some internet searching and have found a number of US reports on the FOY technology being used in the new JV between FOY and the GEP Fuel & Energy (USA); namely Integrated Green Partners (as announced by FOY Nov 30, 2016).
Seems this is fully endorsed by the state government there with US$2M in tax credits, but the huge bonus for the area is the total investment of US$300M in the project, creation of 256 high paid jobs, this involves the processing of 40 rail cars of scrap plastic daily!
Holy smoke, now I know why the greens appose it, too many people working in the ACT rather than out protesting maybe ?Seriously, now Im even more confused as to the actions of the ACT....
I found numerous articles on this in the US press, heres 3 that give a good description.
http://www.plasticsnews.com/article/20161130/NEWS/161139979/plastic-to-diesel-fuel-recycling-plant-coming-to-indiana
http://www.newsbug.info/monticello_herald_journal/two-facilities-south-of-camden-will-employ/article_d5552774-b6a4-11e6-b459-3bd56c70d5b6.html
http://businessfacilities.com/2016/11/47186/
So hopefully, we get some traction soon I say.
Even stronger BUY I say.![]()
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