Kleen Industries announces opening of new subsidiary in Australia, The Canadian Business Journal

VANCOUVER, British Columbia, Sept. 30, 2022 (GLOBE NEWSWIRE) — Klean Industries Inc. (“Klean”) designs and builds projects to transform hydrocarbon-based waste, including post-consumer waste is a leading manufacturer of pyrolysis and gasification equipment. We are pleased to announce the opening of a new wholly owned subsidiary in Australia by converting tires (“ELT”), waste plastics and municipal solid waste into domestic energy, recovered resources and new cleantech jobs. Klean is now a Master License Holding His Company (“MLHC”) located in Brisbane, Queensland, Australia.He has completed the initial incorporation of Klean Industries (Oceania) PTY LTD (“KIOPL”).

KIOPL is 16^th A wholly owned subsidiary of Klean Industries Inc. This subsidiary was established to undertake the development of several ongoing projects in the Oceania region. KIOPL is 1^st A series of wholly-owned application-specific entity companies exclusively licensed under a division of Klean’s intellectual property portfolio. Starting with tire recycling technology, Klean will complete the establishment and deployment of a tire recycling business entity, incorporate a range of special purpose vehicles (“SPVs”), and independently build and operate individual projects under development. It is envisioned that each SPV will be financed using a non-recourse debt financing structure and that each SPV’s assets will be used to secure financing along with the invested capital for each project.

Over the past year, Klean has made great strides in the Oceania market and is now in a position to capitalize on the foundations made since travel resumed from the global COVID-19 lockdowns. We have large-scale tire pyrolysis projects in Melbourne and Sydney, Australia. Additional projects for hydrogen production plants, plastics recycling with integrated pyrolysis plants and plants to convert municipal solid waste into energy are also under development with various partners in the region.

“As the world continues to suffer from the disruption of global supply chains due to pandemic lockdowns, the need to isolate domestic supply chains has never been greater. A circular economy cannot be achieved with fragmented supply chains that rely on the importation of goods and resources from abroad.Nearly 20 years of operation and many years of After considering many projects in Australia, Clean believes now is the time to move forward in the region given the current waste and energy crisis facing Australia and the region as a whole. has offshored most of its manufacturing capacity and is now a slave to foreign markets, pricing many commodities and products. The combined offshoring of the market has had a devastating impact on the sustainability of the country: Australia currently has about three weeks’ worth of stored fuel supplies and disruption of that supply would be catastrophic for Australians. Because it’s estimated to happen, said Jesse Klinkhamer, CEO of Klean Industries.

With the need to re-evaluate politics, supply chains and resource use more than ever before, Clean sees opportunities to contribute to the Australian economy by producing recycled and clean energy from waste and renewable energy. increase. The current used tire problem in Australia is a disaster and a classic example of poor resource management. Klean is doing just that by deploying several tire recycling projects featuring proven integrated pyrolysis technology for resource recovery combined with a layered blockchain SaaS platform solution called KleanLoop™. I want to change. KleanLoop™ has a fully integrated track and trace program for everything it receives and produces across multiple supply chains. From collecting scrap tires, to selling recovered carbon black and recovered oil, to carbon emission offsets generated by all operational projects in the region. The addition of KleanLoop™ technology fundamentally changes the way business is done, providing unparalleled transparency in a fully integrated solution.

• Product procurement flow
• Waste and resource tracking
• Supply chain transparency
• Reduce supply chain costs
• integrated payment options
• Schedule and delivery details
• Sales CRM & Real-time Notifications
• Single source of operational truth and transparency

Clean focuses solely on Environmental, Social and Governance (“ESG”) within the Energy, Waste and Resources section enabling more companies to be Corporate, Social and Responsible (“CSR”) I look forward to developing many more projects. We all want and desperately need to achieve our goals and at the same time advance the circular economy.

About clean

Klean Industries comprises an international team of award-winning professionals with decades of experience in designing, manufacturing and deploying alternative energy solutions for clean power production, waste management, recycling and resource recovery. . Klean uses proven technology to rapidly develop projects to produce green energy from the highest quality fuels, recovered carbon black (“rCB”), and various types of carbon-based waste. Klean specializes in building projects that use thermal technologies such as gasification, pyrolysis and carbonization, turning waste tires, waste plastics and municipal solid waste into household energy, sustainable green commodities and new clean tech. Convert to work.

For more information about Klean, visit www.kleanindustries.com or follow us below.

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