Source: www.abnnewswire.net --- Wednesday, October 04, 2017
The Directors of Chapmans Limited (ASX:CHP) (Chapmans, the Company) are pleased to announce that clean-tech business Syn Dynamics Australia Pty Ltd (SDA) has successfully completed due diligence and has formally entered into a Joint Venture Agreement (Joint Venture) with leading APAC region waste and environmental services company, Total Waste Management, for SDA's first commercial scale hazardous waste-to-energy plant. HIGHLIGHTS Commercial - Clean-tech company Syn Dynamics Australia Pty Ltd (SDA) has entered into a 50:50 Joint Venture with leading waste and environmental services company Total Waste Management for SDA's first commercial scale waste treatment processing plant. - SDA is a breakthrough next generation plasma gasification business able to convert a wide range of hazardous carbon-based waste materials into a high-value synthetic gas known as 'syngas'. - The JV entity has been incorporated with initial plans to install and operate a commercial scale plant with capacity to treat over 10,000 tonnes per annum of hazardous waste over a 20 year design life. The plant is expected to be commissioned in H2, calendar year 2018. - Following the successful operation of the initial plant, the JV then proposes to install and operate multiple, large scale commercial plants at targeted locations throughout the APAC region. - Total Waste Management's operations have a significant presence in the petroleum, mining, industrial and co ...
from Australia http://ift.tt/2y3Bffb
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