2022-02-25
The test runs on the CASO installation along with other development works continue to progress in Denmark as planned. The main building in which the CASO machine stands today has been equipped with a laboratory for various tests, which are essential for the development department. Additionally, a new extension to the main building has been added for the purpose of housing the separation tank and related connecting pipe works. Currently, all efforts are entirely focused on starting the commercial production of oil from waste, which also means that costly expenses such as listing the CASO share on a stock exchange is not prioritized. We are still experiencing COVID-related delays in our supply chain for the delivery of key materials and parts to both Sweden and Denmark. While despite these delays, we are making good progress and maintaining a productive and positive attitude throughout. With regards to the broader market demands on material recycling, these are increasing in conjunction with the current and rising oil price, which helps in part to stimulate greater recycling efforts of hydrocarbon-rich waste.
