Integrated Green Energy Solutions Ltd (ASX: IGE) is a frontrunner in developing sustainable technology to generate energy from the end of life non-recyclable plastics. The company is engaged in producing a range of fuels and products, including Naphtha, Marine fuel, Marine Diesel Oil (MDO) and Road-Ready Transport Fuels such as EN590 (Road Ready Diesel) and EN228 (Road Ready Petrol). It is positioned as the only company in the world that can deliver road-ready fuels from the end of life plastics without further refinement, blending or processing.
IGES technology coupled with ground-breaking plastics-to-fuel patents and the unwavering support of Port of Amsterdam has made it win the IAPH World Ports Sustainability Awards for the year (Climate and Energy division). The WPSP program demonstrated initiatives of ports across the world in contributing towards United Nations’ Sustainable Development Goals. The award was organised by the International Association of Ports and Harbors (IAPH) at a gala dinner during the 2019 IAPH World Ports Conference in Guangzhou, China on 9 May 2019.
IGES Executive Chairman Paul Dickson stated that the win is a strong validation by experts and the company’s peers around the world that IGES patented technology can effectively tackle the worldwide crisis of the end of life plastics going to oceans, landfill, and incineration.
The award honors the company for establishing world’s first facility located in Port of Amsterdam that integrates the proven science on sustainable technology with patents in Australia. This patented technology converts end of life, non-recyclable plastics destined for landfills into clean road-ready fuels that meet international standards such as EN228 (petrol) and EN590 (diesel) and Naptha.
(Source: Company’s Website)
On the capacity front, the plant has a permit to process 100 tonnes (per day) of plastics to generate 35 million litres of fuel annually that requires no additional blending, processing, or refining, unlike its peers. It eventually could process up to 400 tonnes per day to produce 140 million litres of fuel, thereby creating a sustainable future across the globe.
(Source: Company’s Website)
IGES is riding on its universal vision to create a cleaner planet by minimizing the amount of plastic pollution from the global environment. The award has recognized the company among international delegates including the top officials and senior figures from the industry. It empowers IGES to engage with global government, businesses and key stakeholders and add significant value to the supply chain of the company and create a sustainable future.
IGES Amsterdam General Manager Floris Geeris expressed his gratitude to the Port of Amsterdam for its partnership and continued support to the IGES project and vision.
The management also acknowledged Amsterdam Competent Authority for their diligent and proactive approach to ensure that community welfare remains on the highest priority. The contribution from Port of Amsterdam showcases the port area as a vibrant hub for innovation, sustainability and one that is achieving key environmental and energy goals.
Port of Amsterdam Director of Circular & Renewable Industry, Roon van Maanen stated: “This award is a reward of Port of Amsterdam’s strategy to become the circular hotspot in Europe.”
IGES vision and unique technology seem to build attractive value to shareholders in addition to securing stakeholders’ interest across the globe in creating a sustainable future.
IGE stock closed the day’s trading at $0.220 on 16 May 2019.
Also Read: IGES Project Approved By Thailand Board of Investment
Disclaimer
This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.
