Beskrivning
| Land | Danmark |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Energi & Miljö |
| Industri | Miljö & Återvinning |
2024-03-07 07:45:00
Date: March 07, 2024
Announcement no: 03
ISIN: DK0061676400
NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN
OR INTO THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS,
ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA) (THE
"UNITED STATES"), AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION
OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH
THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
WPU - Waste Plastic Upcycling A/S - Commercial production on all reactor lines
commenced and additional non-dilutive financing secured
We are pleased to announce a significant milestone for WPU - Waste Plastic
Upcycling (WPU): Reactor 6 has commenced commercial production. With Reactor 6
included in commercial production all 6 reactor lines of the Faarvejle upcycling
facility has now commenced commercial production.
Furthermore, WPU has successfully secured the loan financing for the additional
necessary investments to improve production efficiency identified and designed
in close collaboration with Vitol's technical teams.
The loan financing has been granted on market terms and on a non-dilutive basis.
The financing is provided by several of the major shareholders of WPU.
As highlighted in our fourth quarter report these new efficiency projects are
scheduled to be developed between February and April and should not materially
affect the production schedule.
These projects and associated financing have been structured to ensure our
shareholders' value is preserved while we continue to expand our capabilities.
For further information, contact:
Klaus H Lindblad, Vice Chairman, E-mail: KL@WPU-DK.COM.