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BRIEF-Integrated Green Energy Solutions Executes Term Sheet With Envirotech Waste Recycling In Philippines

Published 08/16/2019, 02:01 PM
Updated 08/16/2019, 02:10 PM
BRIEF-Integrated Green Energy Solutions Executes Term Sheet With Envirotech Waste Recycling In Philippines
IGE
-

Aug 16 (Reuters) - Integrated Green Energy Solutions Ltd
IGE.AX :
* IGES EXECUTED TERM SHEET WITH ENVIROTECH WASTE RECYCLING
INC IN
PHILIPPINES
* UNDER TERMS OF AGREEMENT, EWRI WILL HAVE 10% EQUITY STAKE
IN
PHILIPPINES PROJECT
* IN INDONESIA, CO HAS EXECUTED TERM SHEET WITH PT HASYA
JAYA,
UNDER WHICH PTHJ WILL BE PROVIDING 200 TPD IN FEEDSTOCK
* IGES WILL ESTABLISH ENTITY IN INDONESIA, AND WILL TAKE 90%
EQUITY POSITION
* IN ADDITION PTHJ WILL BE RESPONSIBLE FOR ACHIEVING
ENVIRONMENTAL
PERMITS FOR SITE IN INDONESIA
* AS WITH PHILIPPINES OPPORTUNITY, CO FORECASTS INDONESIA
PLANT
CAN GENERATE SUBSTANTIAL PROFITS FOR SHAREHOLDERS

Source text for Eikon: ID:nGLF9PXq6p
Further company coverage: IGE.AX

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