SUBSIDIARY NAME
SYNDIESEL PLANT “SOUTH GIPPSLAND, VICTORIA, AUSTRALIA”
COUNTRY
AUSTRALIA
SECTOR/ INDUSTRY
ENERGY
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
December 5, 2022
ACQUISITION VALUATION
162 MILLION
TOTAL ASSET VALUATION
1.62 BILLION
ENERGY-OIL-REFINERY-GAS
SYNDIESEL PLANT “SOUTH GIPPSLAND, VICTORIA, AUSTRALIA”: IIB-DG acquired Syndiesel Plant “South Gippsland, Victoria, Australia” on Dec 05, 2022 project is based on the implementation of a synfuel plant in South Gippsland, Victoria, Australia. The plant is able to process 250 tons per day of MSW and/or lignite, resulting in an annual production of 43 million liters of diesel (sulfur free), with a gross revenue of approximately $37 million. The technology has the advantage to process multiple feed stocks such as medical waste, MSW, plastics, used tires and the output replaces the fossil fuel diesel.
The primary feedstock will be Municipal Solid Waste (“MSW”) or better known as garbage.