{"id":1771,"date":"2021-09-28T16:43:24","date_gmt":"2021-09-28T15:43:24","guid":{"rendered":"https:\/\/esgfireat40.frontender.se\/uncategorized\/exclusive-pre-ipo-opportunity-for-esgfire-subscribers-in-carbon-capture-2\/"},"modified":"2022-01-25T09:49:25","modified_gmt":"2022-01-25T08:49:25","slug":"environmental-waste-international-announces-updates-on-windspace-agreement-and-esgfire-comments","status":"publish","type":"post","link":"https:\/\/esgfire.com\/en\/environmental-waste-international\/environmental-waste-international-announces-updates-on-windspace-agreement-and-esgfire-comments\/","title":{"rendered":"Environmental waste international announces updates on Windspace agreement and ESGFIRE comments!"},"content":{"rendered":"

Company: Environmental waste international
\nListings :TSXV<\/a>\u00a0,\u00a0US OTC<\/a>
\nTicker:\u00a0$EWS\u00a0<\/a>$YEWTF\u00a0<\/a>
\nMarket cap at time of publication: $35 MCD
\nStock price at time of publication: 0.135 CAD
\nBusiness: Tyre and waste recycling through reverse polymerization
\nTAM Market size: 158 billion $
\nComparable peer :\u00a0Scandinavian Enviro systems\u00a0$SES<\/a>
\nPeer market cap: 160 MCAD
\nWebsite:\u00a0https:\/\/www.ewi.ca\/<\/a><\/p>\n

 <\/p>\n

September 28, 2021) \u2013 Environmental Waste International Inc. provides an update on its agreement with WindSpace
\nA\/S (\u201cWindSpace\u201d) that was previously announced on August 20, 2020. The parties are continuing to
\nwork toward the development of a 100 metric ton per day waste tire recycling plant in Nyborg,
\nDenmark.<\/p>\n

WindSpace has retained Green Giraffe, a leading renewable technologies financial advisor to assist
\nthem in raising capital for the Nyborg plant. WindSpace is in discussions with a number of
\ninstitutional investors, and they hope to complete financing by the end of 2021, but there can be no
\nassurance that financing will be completed.
\nWindSpace has developed plans and is seeking financing to build a second 100 metric ton per day
\nfacility in Nyborg as a result of conversations with and ongoing interest from a leading global
\nindustrial manufacturer to become a strategic partner in its projects in Nyborg.
\nDue to the lengthy lead time related to the plant development in Nyborg, the parties have amended
\ntheir agreement to eliminate their exclusive arrangement across Europe. Instead, the parties will
\nfocus their near-term efforts on development of two 100 metric ton per day plants in Nyborg and
\nhave agreed to revisit long-term cooperation opportunities at a later stage.
\nSeparately, on March 22, 2021, EWS announced a conditional agreement with Torreco, Inc. for an
\ninvestment of $7 million in Ellsin Environmental Inc., its subsidiary which owns its plant in Sault Ste.
\nMarie, Ontario. Terreco has funded $1 million and now owns 10% of Ellsin. Due to a number of
\nfactors including travel restrictions, the Torreco funding has been delayed. There can be no
\nassurance that the balance of the Torreco financing will be completed. EWS continues to move
\nforward with the upgrade and commercialization of the Sault Ste. Marie plant and will seek financing
\nelsewhere, if necessary.<\/p>\n

ESGFIRE comment:
\nWe are very positive to see that things are progressing with Windspace, although slower than planned due to Covid. Material improvement is to be seen in the fact that Windpace is now planning on building TWO 100 metric tonne per day facilities as a start and NOT only one which should add more revenues for the company within the next year. We are also confident that the company should be able to find additional financing in the unlikely event that their partner Torreco does not fulfill their obligations. We have been increasing our position lately in the 0.13-0.15 CAD range and we remain positive to the company\u2019s development.<\/strong>\u00a0Should the stock drop further we will add more to our position.<\/strong><\/p>\n

 <\/p>\n

Legal Disclaimer<\/strong><\/p>\n

We own shares of these companies personally.<\/strong><\/p>\n

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.<\/strong><\/p>\n

Companies may or may not be paying us for content posted on this blog.<\/p>\n","protected":false},"excerpt":{"rendered":"

Company: Environmental waste international Listings :TSXV\u00a0,\u00a0US OTC Ticker:\u00a0$EWS\u00a0$YEWTF\u00a0 Market cap at time of publication: $35 MCD Stock price at time of publication: 0.135 CAD Business: Tyre and waste recycling through reverse polymerization TAM Market size: 158 billion $ Comparable peer :\u00a0Scandinavian Enviro systems\u00a0$SES Peer market cap: 160 MCAD Website:\u00a0https:\/\/www.ewi.ca\/   September 28, 2021) \u2013 Environmental […]<\/p>\n","protected":false},"author":1,"featured_media":1772,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[148,7,128],"tags":[],"class_list":["post-1771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-posts","category-environmental-waste-international","category-reports-news-interviews"],"yoast_head":"\nEnvironmental waste international announces updates on Windspace agreement and ESGFIRE comments! 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