from tpi's annual report

Below is some sections extracted from the TPI annual report. They seem to be on the aquisition trail. Tox could be a prime candidate. Note that they have an MOU signed with regards to contaminated soil treatment.

• TPI has acquired the liquid waste and industrial services operations of Onyx in NZ (effective 1 Dec)
• Onyx is a sister company of Collex, one of our competitors in Australia
• The acquisition will allow TPI to consolidate its NZ operations which includes the existing commercial vehicles, waste oil and ERS parts washers
• This is a significant acquisition and was purchased well.

TPI will extract further synergistic value over time
FY06 Likely Developments
• TPI will continue to pursue small, medium and large acquisitions and joint ventures in Australia and New Zealand
• In addition to those above, YTD TPI has made a number of smaller bolt on strategic acquisitions
• There are many opportunities still available in Australia and New Zealand
• TPI will continue consolidation in Australia and NZ particularly with the latest acquisitions and those intended
FY06 Australia – Waste Management & Recycling
• Liquid waste
- continue consolidating operations
• Hydrocarbon oils
- hydrogenation on track – 1 July 06 commercial production
- pursuing tolling opportunities
- sourcing more oil
• Cooking oils
- biodiesel project including technology selection for FY07
- sourcing more feed stock
• Extending into related businesses
- In addition to hydrogenation and biodiesel, TPI has many new projects to pursue –
- refer“New Initiatives” slide below
-
• More acquisitions in the pipeline
New Initiatives
• Besides growing its existing businesses TPI is extending into related businesses
• Biodiesel
- TPI has feedstock, location and output ready - deciding on technology
• Water treatment
- MoU signed with a Worley Parsons joint venture for water treatment facilities attaching to customer’s plants
• Contaminated soils treatment
-MoU signed
• Landfill and transfer stations
- will tender for NSW Environmental Services landfill and transfer stations when offered for sale
• Medium size trucks
- product selection near conclusion – price negotiations continuing