Prne
September 15th, 2009
BRATISLAVA, Slovakia -
CBp EU Headquarters - CBp Carbon Industries, Inc. (”CBp” or “the Company”) (OTC: CBPJ) is pleased to provide shareholders with an update in its affairs, particularly its progress of plant construction and technology development.
We are pleased to advise that CBp has reached an exciting milestone in its history by completing the world’s largest state-of-the-art operational tire pyrolysis plant. We are proud to advise that our new completed first generation commercial plant in Cyprus is in pre-production and receiving tipping fee revenues. The new plant is just finishing ‘hot tests’ (processing scrap tires) and will enter continuous commercial operations in Q4. Our plant will commence commercial deliveries of product in Q4, starting with steel and oil deliveries first, with our Carbon Green (our substitute carbon black patented product) reaching full output in Q1 2010 when we have completed our pelletizing process for Carbon Green delivery.
We are very pleased with the capabilities and dedication of our development team, headed by Peter Tsantrizos who became our Chief Technology Officer and COO early in 2008 when our then CTO, Mr. Jack Fader, suffered serious health problems. Mr. Fader was unable to assist in the Cyprus plant development and this was accomplished entirely by our team under the leadership of Mr. Tsantrizos. However, Mr. Fader was able to continue to provide some technical advice for a period of time in the area of new patent filings and completing transfer of all patents for the technology to our company in 2008/early 2009. Accordingly all patents in respect to our technology including pyrolysis, Carbon Green production and Carbon Green applications belong wholly to CBp.
Our team overcame all challenges in building the Cyprus plant and have substantially improved our technology with installation of a new horizontal reactor, improved flow processes and improved plant design and configuration. As examples of the skills of our team instead of sub-contracting out installation of major equipment, as initially planned, our team managed the completion of the reactor installation and the fulfilling of electronic and computer control systems themselves thereby developing these areas of expertise within our Company team. Our team’s meetings with our main customer, Triputra Group, in Indonesia, to coordinate our production of Carbon Green with their quality requirements (we signed a 200,000 tonne per year ‘take or pay’ contract for Carbon Green with them) resulted in a decision that we would not master-batch in Cyprus but would pelletize our Carbon Green. This saved us 2 million Euros for masterbatching facilities in Cyprus and will substantially drop our processing costs. However as no one had developed a pelletizing process for our type of product, our team rose to the task and developed a customized pelletizing process for our product. The prognosis for our Cyprus plant, and our new plants being planned, has also greatly increased with the EU’s recent requirement that all tires contain a minimum 5% recycled material. This significantly enhances the value of our technology which has been chosen by the EU as the only qualifying/best available technology to meet EU strict tire recycling standards. The result is that our customers are more anxious than ever for access to our products and this seems to insulate our product prices from the recent swings in commodity prices and therefore has created stronger demand.
Although we have now built two plants (one pilot and one commercial), we are effecting due diligence on a third site, have effected substantial research, conducted extensive development of products and opportunities and borne all the other costs of a major world-wide corporate endeavor, we still have substantial cash left in our treasury and no debt even though we have done little new finance in approximately two years. The Company has now commenced seeking to list the company on a more senior US exchange to better reflect its advanced stage of development.
John Novak stated “We are extremely pleased with the capabilities of our development team and their ability to deliver on the Company’s rapid growth plans. We are confident that we will make a difference in creating value for our stock holders and contributing materially to making this a greener and more sustainable world.”
John Novak
On Behalf of the Board of Directors and the Company
About CBp Carbon Industries, Inc.
CBp Carbon Industries, Inc. is a global company that develops and commercializes our advanced technologies that enrich the environment, the countries and communities in which we operate, and our shareholders. Our primary focus is tire recycling with our patented technology which permits 100% recycling of tires and scrap rubber into commercially viable marketable components of steel, oil and CBp Carbon Green(TM), which is a tested substitute for replacement of carbon black in tire and rubber manufacturing.
Since 2006, European Union directives have banned scrap tires, shredded tires and tire residues from being landfilled and stockpiled. An EU scientific team, working with the European Union Cooperative Research Recycle Tire (CRAFT) project, selected CBp Carbon Industries technology as the “best available technology” for meeting CRAFT’s recycling objectives.
For more information, please contact: info@cpbcarbon.com
Web address: www.cbpcarbon.com
FORWARD LOOKING STATEMENTS This news release may include “forward-looking statements” regarding CBp Carbon Industries, Inc. and its subsidiaries, business and project plans. Such forward looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. Where CBp Carbon Industries Inc. expresses or implies an expectation or belief as to future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. CBp Carbon Industries Inc. does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Source: CBp Carbon Industries, Inc.
CBp Carbon Industries, Inc., + 1-778-996-6400, info at cpbcarbon.com
Filed under Business, Conservation / Recycling, Construction / Building, Corporate Social Responsibility, Energy, Environment, Environmental Products and Services, Government and Policy, New Products / Services | Tags: Bratislava, CBp Carbon Industries, Inc., Scandinavia, Slovakia, Western Europe | Comment Below
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