ESGL Holdings Limited (NASDAQ: ESGL) Announces Multi-Year Contract Renewal with Singapore Refining Company Private Limited
November 27 2023 - 3:01PM
Environmental Solutions Group Holdings Limited (NASDAQ: ESGL)
(“ESGL” or the “Company”), a leading carbon neutral, innovative
enviro-tech company regenerating industrial waste into circular
products, today announced a multi-year contract renewal with
Singapore Refining Company Private Limited (“SRC”).
On November 15, 2023, Environmental Solutions (Asia) Pte Ltd, a
wholly owned subsidiary of ESGL, renewed its Used Catalyst Disposal
Contract with SRC. Under the contract, ESGL will continue to
provide used catalyst waste disposal services to SRC through
December 31, 2025.
In response to the contract renewal, Mr. Quek stated, "SRC is an
important customer to ESGL. We are delighted to continue to
collaborate with the petrochemical industry to bring circular
economy solutions. The renewal for 2 years is a testament to the
Company's strategy, execution, and long-term potential with the
support of our long term partners like SRC."
About ESGL Holdings LimitedESGL Holdings
Limited (“ESGL”) is a holding company incorporated as an exempted
company under the laws of the Cayman Islands. At the forefront of
driving sustainable waste management solutions, ESGL is dedicated
to revolutionizing waste transformation with an emphasis on
innovative technology and a commitment to preserving the
environment. ESGL conducts all its operations through its operating
entity incorporated in Singapore, Environmental Solutions (Asia)
Pte. Ltd. For more information, including the Company’s filings
with the SEC, please visit https://esgl.asia.
About Singapore Refining Company Private
LimitedSingapore Refining Company Private Limited (SRC) is
a joint venture between Singapore Petroleum Company Limited and
Chevron Singapore Pte. Ltd. Located on Jurong Island, the
petrochemical hub of Singapore, SRC operates a refinery that is
capable of processing 290,000 barrels of crude oil per day to
produce fuel products and chemical feedstocks that are supplied to
domestic markets and overseas export markets under the brand labels
of its shareholders.
Forward-Looking Statements Certain statements
in this press release may be considered to contain certain
“forward-looking statements” within the meaning of “safe harbor”
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements can be identified by words such as:
“target,” “believe,” “expect,” “will,” “shall,” “may,”
“anticipate,” “estimate,” “would,” “positioned,” “future,”
“forecast,” “intend,” “plan,” “project” and other similar
expressions that predict or indicate future events or trends or
that are not statements of historical matters. Examples of
forward-looking statements include, among others, statements made
in this press release regarding anticipated future financial and
operating performance and results, including estimates for growth,
gross margins, adjusted EBITDA, potential regional expansion,
development of new products, partnerships, customer relationships,
demand for waste processing, and sales of circular products.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
ESGL management’s current beliefs, expectations, and assumptions.
Because forward-looking statements relate to the future, they are
subject to inherent uncertainties, risks, and changes in
circumstances that are difficult to predict and many of which are
outside of our control. Actual results and outcomes may differ
materially from those indicated in the forward-looking statements.
Therefore, you should not rely on any of these forward-looking
statements. A further list and description of risks and
uncertainties can be found in documents filed with the Securities
and Exchange Commission (“SEC”) by ESGL and other documents that
the Company may file or furnish with the SEC, which you are
encouraged to read. Any forward-looking statement made by us in
this press release is based only on information currently available
to the Company and speaks only as of the date on which it is made.
The Company undertakes no obligation to publicly update any
forward-looking statement, whether written or oral, that may be
made from time to time, whether as a result of new information,
future developments, or otherwise, except as required by law.
Investor ContactCrocker Coulson, CEO, AUM
Media+1 (646) 652-7185crocker.coulson@aummedia.org
Company Contactir@esgl.asia
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