RCS - Sabien Technology - International Environmental Trade Summit Update

Sabien TechnologyAnnouncement

17/10/2022 07:00

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RNS Number : 0207D  Sabien Technology Group PLC  17 October 2022

REACH

17 October 2022

 

Sabien Technology Group plc

("Sabien", the "Company" or the "Group")

 

Update on the International Environmental Trade Summit

 

Sabien Technology Group plc (AIM:SNT), the company focused on a green
aggregation strategy, provides an update on the event to be held on Monday
24 October 2022 in Westminster, London.

 

The International Environmental Trade Summit ("the Summit") will bring
together representatives from a range of countries, companies, and
commitments. It will highlight the opportunity to think and act differently
when assessing the apparent contradiction between economic development and
environmental protection.

 

On behalf of the host Richard Parris, Chairman of Sabien Technology Group plc,
keynote speaker HRH Queen Diambi Kabatusuila of the Congo, technology provider
City Oil Field, Inc of South Korea, and the Korean Environmental Corporation,
the Summit cordially invites interested parties to participate in this
important event which will be held at One Birdcage Walk at 2pm on 24(th)
October 2022.

 

The event will be the launch of a global initiative: leveraging UK trade and
engineering expertise, Korean technology, and international partnership in
order to generate sustainable economic growth.

 

It will focus on three critical and topical areas, each of which can be
addressed by the conversion of the large and growing global reservoir of
plastic waste into high quality fuel oil and feedstock for new plastic
production.

 

Thematically, the conference agenda will adhere to a pragmatic programme which
will enable:

 

·     Better planet - reducing the need for the primary extraction of
fossil fuels, thereby assisting the transition to net-zero and the stimulation
local economies

·     Cleaner planet - eliminating plastic pollution from land and sea
through the use of emission-free technology specifically designed to support a
circular economy

·   Secure planet - supporting energy security through the secondary
extraction of oil from existing waste, reducing dependency on Russia and OPEC
for the provision of hydrocarbon based fuels and plastics

 

This represents a compelling program; the creation of a global enterprise
committed to plastic-to-oil recycling, ESG compliant processes, and secure
investment opportunities for local and global funds.  It will disrupt and
improve the fragmented global waste management industry through business
innovation and trusted UK legal and ethical frameworks.  It will establish
and support new technology manufacturing industry in the UK.

 

Centrally, the program will achieve these goals through partnership with a
community of nations, working towards a common good.

 

A direct local UK benefit is a significant contribution to UK energy security
as an alternative or addition to fracking - 12.5% of UK plastic waste would
offset 12.5% of Russian diesel imports. A secondary benefit is the use of the
City Oil Field process as a means to store surplus renewable energy in the
form of chemical energy for later use in transportation - a hydrocarbon
storage battery for wind, solar and nuclear energy. This is pragmatic energy
security in action not just in theory.

 

The Summit agenda will comprise:

 

1.    A call for action to save the world from plastic pollution by HRH
Queen Diambi of the Congo, a representative of more than 90 million people,
indigenous to Africa and Brazil, and an international advocate for
environmental change and sustainability

2.    The role of Korean technology in enabling the capability and the
rapid deployment of this solution in economic proximity to both source and use

3.    How Sabien Technology Group plc proposes to provide an integrated
global platform to deliver a solution across multiple nations

 

Locally, Sabien has targeted specific UK sites for initial deployments and has
expressions of interest from Canada, the East Africa Federation, Finland,
Greece, Ireland, Japan, Malaysia, Turkey, UAE, USA for additional
installations. An SPV, b.grn Group Ltd, has been established to roll out these
deployments across multiple countries and an investment term sheet is
available for inspection.

 

The Summit represents a clear coincidence of needs and wants. The global
community needs to address the accelerating problem of plastic waste and it
wants to do so in a manner which does not conflict with economic stability.

 

By raising awareness of a possible solution, Sabien and its partners have a
clear opportunity to establish international leadership while further
partnering with nations and supranational bodies, all committed to the same
goal.

 

Investors, and other stakeholders, are invited to contact Sabien at
events@sabien.com, to secure their place at this rescheduled event.

 

Richard Parris, Chairman of Sabien, commented:

"I urge you to attend this landmark event if, like me, you are passionate
about delivering positive environmental impact through international
collaboration, innovative engineering and ESG investment. This programme will,
I believe, deliver a step change for Sabien investors, provide compelling
returns for prospective b.grn funders and contribute to a better, cleaner,
more secure planet."

 For Further Information:

 Sabien Technology Group plc                           +44 20 7993 3700

 Richard Parris, Executive Chairman                    Scott.fulton@sabien.com

 Scott Fulton, Investor Relations

 Allenby Capital Limited (Nominated Adviser)

 John Depasquale / Nick Harriss / Vivek Bhardwaj       +44 203 328 5656

 Peterhouse Capital Limited (Broker)

 Duncan Vasey / Lucy Williams                          +44 207 469 0930

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