Klean expands to Australia with new subsidiary

Klean expands to Australia with new subsidiary

Canadian pyrolysis and gasification equipment manufacturer that designs and builds projects for converting hydrocarbon-based waste such as end-of-life tyres Klean Industries Inc. has opened 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 Ld (KIOPL) in Brisbane, Queensland, Australia.

KIOPL is the 16th wholly owned subsidiary of Klean. This subsidiary has been created to undertake the development of several projects that are currently underway in the Oceania region. KIOPL is the first company of 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 tyre recycling technologies, Klean intends to complete the incorporation and roll out of its tyre recycling entity that will then incorporate a series of Special Purpose Vehicles (SPV) which will be used to build own and operate each individual project under development. It is envisioned that each SPV will be financed using a non-recourse debt financing structure and the assets of each SPV will be used to secure the financing alongside invested equity for each project.

Over the past year Klean has made significant advancements into the Oceania marketplace and is now in position to capitalise on the groundwork done since travel resumed from the global Covid-19 lockdowns. Klean is now advancing significant tyre 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.

“After nearly 20 years of operations and consideration of a number of projects in Australasia over the years; Klean believes now is the time for advancement 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 overseas markets and pricing for many of its goods and products. The significant reduction to coal use combined with the offshoring of Australia domestic energy markets has had a devastating affect on the countries sustainability as it’s estimated that Australia now has approximately 3 weeks of stored fuels supplies and any disruption to that supply would be catastrophic to the Australian economy and would bring the country to its knees as all transportation and logistics would come to a stop,” said Jesse Klinkhamer, CEO of Klean Industries.

Klean adds it sees an opportunity to contribute to the Australian economy by creating recovered resources and clean energy from waste and renewables.

The current end-of-life tyre issue in Australia is a disaster and a classic example of poor resource management. Klean hopes to change that with the roll out of several tyre recycling projects that feature proven integrated pyrolysis technologies for resource recovery combined with the layered Blockchain SaaS platform solution called the KleanLoop.

The KleanLoop will feature a fully integrated track and trace program for everything it receives and produces that will cross several supply chains. From scrap tyre collection to Recovered Carbon Black and Recovered Oil sales to the Carbon Emission Offset produced by all operating projects in the region. The addition of KleanLoop technology is set to radically change how business is done and will provide transparency as a fully integrated solution for commodity procurement process, waste & resource tracking, supply chain transparency and others.