PlanetClean Recycle Industries Corp: has invested in Clean Planet Plastic Recycling L.L.C.

Issuer: PlanetClean Recycle Industries Corp / Key word(s): Investment/Expansion 24.04.2022 / 23:00 The issuer is solely responsible for the content of this announcement. Planet Clean Recycle Industries Corp has invested in Clean Planet Plastic Recycling L.L.C. and built an 8,300 square meter state-of-the-art plastic manufacturing facility in Umm Al Quwain, United Arab Emirates. In addition to the tax advantages offered by the UAE due to its high number of freezones, the UAE is also considered to be a strategically important hub for foreign trade, especially with China. The location in the UAE is therefore beneficial as the main customer for the produced plastic granules is the People's Republic of China.  The factory is fully equipped with modern plastic manufacturing machinery, modern offices, comfortable employee accommodation, a 120-tonne weigh-bridge, and loading and unloading facilities, etc. In addition, the factory is fully equipped with the latest machinery exclusively used for converting old plastic pipes into new ones.  The factory will be able to produce LDPE recycled granules, HDPE/LDPE and PVC pipes with a capacity of about 1500 plastic pipes tons per month and up to 1000 tons of granules per day. Furthermore, the company is in talks with a European listed company about a joint cooperation, which will open doors in the European market.   Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	PlanetClean Recycle Industries Corp
	2102-58 Keefer Pl.
	BC V6B 0B Vancouver
	Germany
EQS News ID:	1333483

End of News	DGAP News Service

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