Klean Industries Inc., has announced the signing of a non-binding Letter of Intent to supply equipment for another five rCB upgrading projects in India, which will bring the total number of built facilities to eight in just India alone over the past two years.
Klean signs MoU for Five Upgrading Plants in India
Klean’s presence and activity in Asia is expanding and, as of late, there has been a large and growing interest in Klean’s advanced technology which is required to produce high quality, low cost rCB throughout South East Asia. Klean anticipates further expansions as the demand for rCB is significant, especially with the virgin carbon black shortages and import tariffs on Carbon Black in India.
Klean has a proven portfolio of advanced technologies that transforms the waste tyres into high quality, valuable raw materials primarily rCB and Recovered Fuel Oil. Klean’s tyre char upgrading systems enable the economic conversion of low-value tyre char into high-value Carbon Black replacements which can replace virgin Carbon Black by volumes of from 10% up to 100% depending on the applications.
The additional expansion and equipment sales in India could significantly disrupt the rCB market place and make India a leading producer of rCB products for the plastic, automotive and rubber industries. These new resource recovery plants have the potential to easily bring online another 75,000 metric tonnes of rCB annually. This combined with the already existing supply chain and production portfolio makes for an exciting and growing business opportunity in India.
Klean is currently working with several of the largest global tyre manufacturers, rubber and plastic automotive parts suppliers along with numerous other supply line producers and end users, who all see the market potential and opportunity for rCB to offset both emissions and costs associated to traditional carbon black manufacturing. It’s estimated that the carbon emission offsets alone from these combined facilities will be excess of 225,000 metric tonnes annually.
Klean’s CEO said, “With ongoing developments Klean has been able to bring its recovered carbon black plant manufacturing costs down considerably and its quality of production techniques up, thus enabling further rapid expansion into other adjacent Asia countries as well. Klean has spent years developing its relationships and with long term arrangements in place throughout the supply chain this enables Klean to do what other vendors and suppliers cannot, at less than 50% of the capital costs.”