VANCOUVER, British Columbia, Sept. 30, 2022 (GLOBE NEWSWIRE) — Klean Industries Inc. (“Klean”), a leading manufacturer of pyrolysis and gasification equipment that designs and builds projects for the conversion of hydrocarbon-based waste such as end-of-life tires (“ELT”), waste plastics and municipal solid waste in domestic energy, recovered resources and new jobs in clean technologies, is pleased to announce the opening of a new wholly owned subsidiary in Australia. Klean has now completed the initial incorporation of its Master License Holding Company (“MLHC”), Klean Industries (Oceania) PTY LTD (“KIOPL”) in Brisbane, Queensland, Australia.

KIOPL is the 16thth wholly owned subsidiary of Klean Industries Inc. This subsidiary was created to undertake the development of several projects that are currently underway in the Oceania region. KIOPL is the 1St company of a series of wholly owned application-specific entities that will be exclusively licensed based on a division of Klean’s intellectual property portfolios. Starting with its tire recycling technologies, Klean aims to complete the incorporation and deployment of its tire recycling entity which will then incorporate a series of special purpose vehicles (SPVs) that will be used to build and operate each individual project under development. . It is anticipated that each SPV will be financed through a non-recourse debt financing structure and that the assets of each SPV will be used to secure the financing together with the invested capital for each project.

Over the past year, Klean has made significant strides in the Oceania market and is now in a position to build on the groundwork done since travel resumed under global COVID-19 lockdowns. Klean is now progressing major tire pyrolysis projects in Melbourne and Sydney, Australia. Additional projects in the region for hydrogen production plants, plastic recycling with integrated pyrolysis plants and municipal solid waste-to-energy plants are also under development with various partners.

“As the world continues to struggle with the collapse of global supply chains due to pandemic lockdowns, the need for isolated domestic supply chains has never been greater. Each country must have access to the resources and technology it needs to be self-sufficient to ensure economic prosperity and environmental. The Circular Economy cannot happen with fragmented supply chains that rely on overseas importation of products and resources. After almost 20 years of operations and consideration of a number of projects in Australasia over the years, Klean believes that it is now the time to move forward in this region given the current waste and energy crisis facing Australia and the region as a whole.With Australia offshoring the vast majority of its manufacturing capabilities, it is now a slave to foreign markets and the prices of many of its goods and products.The significant reduction in coal use combined with the delocalization of energy markets Australia’s domestic ethics has had a devastating effect on the countries sustainability as it is estimated that Australia now has approximately 3 weeks supply of fuel in storage and any disruption to that supply would be catastrophic for the Australian. economy and would bring the country to its knees as all transportation and logistics would stop,” said Jesse Klinkhamer, CEO of Klean Industries.

The need to re-evaluate policy, supply chains and the use of resources has never been greater and Klean sees an opportunity to contribute to the Australian economy by creating recovered resources and clean energy from waste and renewable energy. Australia’s current end-of-life tire problem is a disaster and a classic example of resource mismanagement. Klean hopes to change this with the launch of several tire recycling projects that feature proven integrated pyrolysis technologies for resource recovery combined with a layered Blockchain SaaS platform solution called KleanLoop™. The KleanLoop™ will feature a fully integrated track and trace program for everything it receives and produces that will traverse multiple supply chains. From the collection of scrap tires to the sales of recovered carbon black and recovered oil to offsetting the carbon emissions produced by all operating projects in the region. The addition of KleanLoop™ technology will radically change the way you do business and provide unsurpassed transparency as a fully integrated solution for:

  • Merchandise acquisition process
  • Monitoring of waste and resources
  • Supply chain transparency
  • Lower supply chain costs
  • Integrated payment options
  • Scheduling and delivery details
  • Sales CRM and real-time notifications
  • A single source of truth and operational transparency

Klean hopes to develop a plethora of projects focused solely on environmental, social, governance (“ESG”) within the energy, waste and resources section that will enable more companies to fulfill their Corporate, Social and Social Responsibility (“CSR”). goals while advancing the Circular Economy we all desperately want and need.

About Klean

Klean Industries is comprised of an international team of award-winning experts with decades of experience in the design, manufacture and implementation of alternative energy solutions, including clean energy production, waste management, recycling and resource recovery. Klean uses proven technologies to rapidly develop projects that produce the highest quality fuels, recovered carbon blacks (“rCB”) and green energy from various types of carbon-based waste. Klean specializes in construction projects using thermal technologies such as gasification, pyrolysis and carbonization, which convert scrap tires, plastic waste and municipal solid waste into domestic energy, sustainable green commodities and new clean technology jobs.

To learn more about Klean, visit www.kleanindustries.com or follow us at:

LinkedIn ~ http://www.linkedin.com/companies/kleanindustries
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CORPORATE HEADQUARTERS

Klean Industries Inc.
Suite 2500 – 700 W. Georgia St.
Vancouver, BC
Canada, V7Y1B3
(T) +1.604.637.9609
(T) +1.866.302.5928
(F) +1.604.637.9609
(E) sales(@)kleanindustries.com
Contact: Marc Smith





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