IGE Solutions becomes Regenix Group
It’s been a year since we talked to Integrated Green Energy Solutions (soon to be Regenix Group) about their innovative techniques for recycling plastic into fuel. We find out about what they’ve been up to since then, including the support they are gathering across the globe and a change of name to embrace their new position in the community
The Evolution of a Business and Its Name
The company has achieved a lot since we last spoke to them. The change of company name to The Regenix Group shows that as well as delivering today, the company has its eye on the future and finding the best way to represent itself whilst communicating with world-wide communities.
Managing Director, Stuart Clark explains: “Over the last year we have made great in-roads in repositioning our business for the future. We acknowledge it has evolved significantly over the years. It makes sense that we now signal a fundamental shift from our past and our absolute focus on resource recovery and the continual development of commercially sustainable solutions that conserve resources and reduce pollution.”
“Our business model regenerates value for multiple stakeholders. It creates jobs for the economies where we operate, it helps municipal authorities reduce or conserve landfill resources, it gives the investment community an opportunity to invest with impact and it gives communities a pragmatic means of reducing pollution.”
“Our new name is Regenix and simply put, the name represents regenerating value, through a new generation of thinking to protect our future generations. Currently the focus is on our patented end-of-life plastics into road-ready fuel process but The Regenix Group has a suite of technologies that we are striving to develop by our approach of working with the community to rethink how we do things so we are creating a better and cleaner tomorrow. This is how we also arrived at out new tag-line: Rethinking tomorrow together. “
The company is a publicly listed entity and therefore the new name will be formally ratified following approval at a shareholder meeting that is being called for 30 September 2019. The new company web-site address will be: www.regenix-group.com
The Regenix Group is a company that has developed two unique patents for technology that allows them to convert end-of-life, on-recyclable plastics into road-ready fuel. They produce petrol and diesel that meet the European standards-EN590 and EN 228- the most stringent of the international tests for road-ready fuel. They’re the only company on the market that is able to do this, making them a world leader in creating an industry that is both commercially and environmentally sustainable.
With these techniques, Regenix Group has built itself into a company focused on creating a cleaner planet while also providing commercial returns to their shareholders. They are the company we need in an age where environmental issues are becoming ever more critical.
Australian in Amsterdam
“We’ve made some great progress in the last year,” says Clark, talking from their Amsterdam site. “We are now in the process of commissioning two 50 tonne modules and thus we’ll be converting 100 tonnes of plastic to fuel each day, late this year.” Clark says “As part of the construction process we’ve worked closely with the Competent Authority, the relevant jurisdictional authority in this territory, and we’ve worked through many details with them to ensure the site is as safe, efficient and controlled as possible. We’ve had a lot of support from the Amsterdam community and ports where we’re working our site. Government and authorities have been very welcoming”
The company has worked hard to engage with and work alongside the local communities.
“Most of our team is from the local community. We’re really employing locals and working with them to ensure we stay engaged at all levels so generally, people are happy we’re offerings jobs and opportunities,” Clark says.
Around the World
Looking across the globe, the end-of-life plastic crisis is too important for us to ignore. Clarks says: “There may be talk of reducing reliance on plastic but the fact is plastic has many and ever-expanding utilisations and its use is growing at 4% a year. Also, this growth is not coming off a small base: The world currently produces more than 300 million tonnes of plastic a year and an estimated 8 million tonnes of end-of-life plastics end up in the ocean each year. It is a material that takes anywhere between a hundred years to 450 years to fully degrade. The fish eat the plastics and we eat the fish.”
“The fact that China and other territories no longer accept plastics exported from other territories has raised the profile of the end-of-life plastics issue. This has resulted in communities world-wide looking solutions such as our technology. There are individuals and investors who care about the environment and they see that by supporting the roll-out of our facilities, they contribute to a positive impact without compromising their lifestyles. They see that the demand for fuel is not going away, whilst concurrently, there is a rising awareness that fossil fuels are a finite resource and are being used up. Meanwhile, the slow or pending introduction of alternates such as electric cars and alternative fuel means the problem is mounting quicker than the potential solutions are coming online.”
The Netherlands are far from the only place Regenix Group is expanding. Clark says. “We will also roll-out sites shortly in UK, Thailand, Germany, Hong Kong, China, USA and further locations across Asia and Europe. We expect to break ground in both the UK and Thailand in the second half of this calendar year and the other territories I’ve mentioned will follow shortly thereafter.”
These new projects mark a path towards growth that is only going to accelerate moving forward.
Clark tells us. “We are a world leader in this area and our team is really focused on empowering communities with commercially sustainable solutions that conserve resources and reduce pollution. Our growth will accelerate as more people across the world start to see end-of-life plastic as an untapped resource, that can be used to support our current lifestyles whilst protecting the environment.”