ECI has introduced a waste plastic-to-fuel Joint Venture Partner Program (Series 10 based) in the Thai context, aimed at attracting investment via parties drawn from various sectors.
Equity participants will collectively fund each venture, by virtue of which each unit holder will be entitled to a pro-rata share of on-going operating profit distributions aligned to performance of the specific JV Project.
An investment recovery strategy is in place in the event a fund provider seeks, for whatever reason, to exit their position.
Extremely attractive ROI considerations apply.
Early response to the above has been extremely encouraging, with a number of Thai corporate groups, landfill site contractors, local government authorities, and private investment parties expressing interest in participating as JV partners in accord with ECI Group Business Models.
The potential benefits for ECI in respect to the Partner Program are considerable, particularly when it is appreciated the Company and/or an affiliate entity will:
In terms of the projected profit share for ECIT from its 50% interest in the Korat JV Project [based solely on the operation of a single (standard capacity) 10 TPD System], estimates support an annual earn in the order of $500,000 for each year applicable - equating to around $8.0m over a machine life which, with regular maintenance, should extend for a period of up to 16 years.
The Korat JV Project, incorporating all technologies, was featured on the Thai PBS News Channel as at 5.00 pm on Sunday 04 May, 2014.
Given the tremendous interest generated from this exposure, a Press Conference was subsequently held at the Suranaree University of Technology on the 17th May, 2014. Attendees included senior Thai government (Ministry of Energy) and local government officials, representatives of the University Board, ECIT staff, industry parties, and journalists from a number of leading commercial TV stations and the Bangkok Post newspaper.
Pyrolysis facility at Korat site