Love this company which is still under the radar at this moment. Plastics recycling has been a big issue around the world since China stopped taking in plastics for recycling
In summary IGE has 4 major projects in progress:
1. Holland, Amsterdam 100% owned - starts production Dec 18/ Jan19 with operational with 70 mln liters of oil of initial annual production at operational margin of $21 mln, doubling production at next upgrade stage
2. China, 51% owned - starts production by the end of 2019 operational with 70 mln liters of oil of initial annual production at operational margin of $21 mln, doubling production at next upgrade stage
3. Hong Kong 70% owned - estimated operational with 70 mln liters of oil of initial annual production at operational margin of $21 mln
4. UK 100% owned - earlier stage waiting approvals (however considering UK gov pressure to solve plastics problem there will speedy process and full support), estimated operational with 70 mln liters of oil of initial annual production at operational margin of $21 mln, doubling production at next upgrade stage
The company is currently looking at some more projects. It is financially comfortable with up sto US$ 90 mln loan available at any time - the western world is so desperate to solve plastics problem that this kind of a solution is no brainer for banks to provide loans.
Pls do your own research before investing.
Love this company which is still under the radar at this moment....
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