Oceansix Future Paths News
12 articles
Environmental technology firm oceansix turns contaminated plastic waste into profit - InvestorIntel
Environmental technology company oceansix future paths Ltd. is working on a solution to recycle post-consumed polyethylene (plastic) bags. The company has developed a waste-to-product process that uses 100% highly contaminated plastic waste, producing products in one step directly from the waste. This process has been demonstrated at a prototype manufacturing site in Israel and has led to the companys expansion into the European market. As part of this expansion, oceansix has made two acquisitions, including oceansix GmbH, a German company, and Plasticos Flome S.L., a Spanish plastics manufacturing company.
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K.B. Recycling Industries Ltd.: New CFO Salvador Cabañas in Place
K.B. Recycling Industries Ltd. Announces Name Change
K.B. Recycling Industries Ltd. has announced that it will change its name to oceansix future paths Ltd. effective from May 4, 2023. The companys ordinary shares will also commence trading under the new ticker symbol OSIX on the TSX Venture Exchange. The name change was approved by the companys shareholders at a meeting held on June 8, 2022. The new name unifies the companys sites in Israel, Spain, and Germany and reflects its business areas and goals. The company focuses on using plastic waste to create innovative products and build transformative businesses.
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K.B. Recycling Provides Corporate Update
K.B. Recycling Industries Ltd. Provides Corporate Update
Alkemy, also known as K.B. Recycling Industries Ltd., is undergoing significant changes to its business operations. The company has shut down its Israeli production site to reduce operational losses and has acquired Plasticos Flome S.L., a plastics manufacturing company in Spain, and oceansix GmbH in Germany, a company focused on environmental products. Alkemy is now looking to expand into its target markets in Europe, leveraging government support, lower production costs, and greater availability of plastic waste. The company has also relocated some components of its Israeli production facility to Germany and is in the process of changing its name to oceansix solutions Ltd.
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Alkemy Announces Closing of the Transaction to Purchase oceansix
Alkemy has announced the closing of its purchase of oceansix GmbH, a Germany-based company focused on developing technologies and product solutions from recovered materials. The acquisition is expected to help Alkemy expand into the global recycling market and make inroads into Europe. The company plans to develop, produce, and sell plastic products made from post-consumer or post-industrial plastics. As part of the transaction, Alkemy issued 20,295,037 Ordinary Shares to RAM.ON finance, with additional shares to be issued upon the achievement of certain milestones. The maximum number of shares to be issued to RAM.ON finance is 148,166,312. Sullam Holdings L.R. Ltd. and Tedea Technological Development and Automation Ltd., two significant shareholders of Alkemy, also entered into a shareholders agreement with RAM.ON finance.
Acquisition
K.B. Recycling Industries Ltd. (Alkemy) Completes Initial Public Offering and Aggregate Financings of approximately C$11.4 million
Alkemy, an environmental technology company based in Israel, has successfully closed its initial public offering (IPO) and raised approximately C$11.4 million in gross proceeds. The IPO involved the sale of 6,282,984 units of the company at a price of C$0.29 per unit. In addition to the IPO, Alkemy also conducted a private placement of Class A units and subscription receipts, raising aggregate gross proceeds of approximately C$8,327,956 and C$1,256,095, respectively. The company has a unique plastic recycling process that allows it to recycle plastic bags and sheets that are traditionally not considered economically viable for recycling. Alkemys process reduces the cost of recycled plastic as raw materials and increases the profit margin per metric ton. The company plans to list its ordinary shares and warrants on the TSX Venture Exchange under the symbols AKMY and AKMY.WT, respectively.
Public Trading
World's First Plastic Mining Company Starts Trading On the Toronto Stock Exchange
Israeli recycling technology company Alkemy has developed a profitable process for recycling and producing plastic-based goods from 100% recycled plastics. The founders of Alkemy invested over $10 million out of pocket over a decade to provide a solution to the low recycling rates. Alkemy has taken a 70% market share in Israel on this product line and has raised additional capital in Canada to establish multiple Alkemy factories worldwide. This innovative approach of mining a pollutant for raw materials could potentially turn sustainability into a profitable business.
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Alchemy by Alkemy
Israeli Canadian plastic recycling company Alkemy has developed a revolutionary method for recycling plastic waste with high profitability. Their technology allows for the creation of new plastic products from 100% recycled plastics, potentially reducing plastic pollution by over 60% within a decade. Alkemy claims a proven track record of over 30% operational margin on recycling, compared to the industry standard of 15%. The company is in advanced discussions with Germany and France for the deployment of their recycling plants in 2021. Alkemy plans to go public on the Toronto Stock Exchange, with an IPO opening price of $C0.29 per share. The companys technology has been under the radar for the past three years and offers significant growth potential.
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K.B. Recycling Industries Ltd. files preliminary prospectus for initial public offering of ordinary shares
K.B. Recycling Industries Ltd. has filed a preliminary prospectus for a proposed initial public offering of ordinary shares. The offering is being co-led by INFOR Financial Inc. and Cormark Securities Inc. The company, operating under the name Alkemy, has developed a unique plastic recycling process that aims to recycle plastic bags and sheets that are traditionally not considered economically viable for recycling. Their process, called waste-to-product, combines recycling and finished product manufacturing in a single step, reducing costs and increasing profit margins. The preliminary prospectus is available on SEDAR. The ordinary shares have not been registered under the U.S. Securities Act and cannot be offered or sold within the United States without exemptions.
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Solving the dirty secret of recycled plastic
Israeli recycling firm Alkemy has developed a system to turn dirty plastic into plastic sheeting used in construction. The company aims to go public on the Toronto Stock Exchange in early 2021 and has raised around $13 million, including funding from its founders. Alkemys potential market is estimated to be worth billions of dollars. The company is also looking to expand to Europe through joint ventures and aims to set up plants at dumpsites. Alkemys system makes financial sense as waste sent to a landfill is subject to a tax, while sending the waste to Alkemys system allows the partner to waive the tax and share the revenue from the resulting plastic product.
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Israeli finance firm secures $3m. for innovative recycling company
A-Labs Advisory & Finance has secured $3 million in pre-IPO funding for Alkemy, a plastic recycling company. Alkemy aims to address the global plastic pollution problem by recycling previously unrecyclable plastic into raw material for the production of plastic products. The funding will be used to establish global recycling partnerships and improve Alkemys recycling process efficiency. The company plans to launch a successful IPO on the Toronto Stock Exchange Ventures. Alkemys unique one-step process and cutting-edge recycling technology have garnered support from major global players in greentech and recycling. The partnership with A-Labs has been instrumental in Alkemys growth and future plans.
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