Alkemy will supply 500,000 sq. ft. of its
surface protector to seal the 15-kilometer long critical
infrastructure tunnel that will run from Haifa Port to Tirat
Hacarmel
BEIT SHEAN, Israel,
Sept. 23, 2021 /CNW/ - Alkemy (K.B.
Recycling Industries Ltd.)_(www.alkemy.solutions) ("Alkemy"
or, the "Company"), (TSXV: AKMY) (TSXV: AKMY.WT), the
environmental plastic recycling technology company, today announced
it will supply its sealing protection sheets made out of 100%
recycled plastic to the Haifa Cross-Carmel Infrastructure Tunnel,
the first of its kind, and one of the most significant
infrastructure projects in Israel.
The 15-kilometer Infrastructure Tunnel will carry fuel, natural
gas, chemicals, sewage and electricity from Haifa Port to Tirat
Hacarmel. The first of its kind, it will replace old infrastructure
with a top-of-the-line pipeline that will prevent underground
leakage, contamination of water reservoirs, air pollution and
exposure of the city's population to harmful chemicals.
Alkemy has already supplied 250,000 sq. ft. and will provide
another 250,000 Rhino surface protection sheets made of 100%
recycled plastic bags in an innovative one-step recycling process.
The sheets seal the tunnel, preventing leakage and preserving the
integrity of the internal pipes.
"We are proud to be part of this landmark project," says Shumlik
Porre, Alkemy's CEO. "Transferring hazardous materials and
utilities is a big challenge for port cities all over the world,
and Haifa is leading with this
multi-system infrastructure tunnel project."
"Sustainability and environmental safety are part of Alkemy's
DNA, and we are looking forward to participating in similar
projects around the world."
About Alkemy (K.B. Recycling Industries Ltd.)
Alkemy
is an environmental technology company based in Israel that has developed a unique plastic
recycling process for plastic bags and sheets traditionally not
considered economically viable for recycling. As such, it has
become one of the most significant plastic pollutants in the world.
Alkemy employs a dynamic one-step process that does not require
separate recycling and production plants. Instead, Alkemy's method
includes both recyclings and finished product manufacturing in a
single process called "waste-to-product," allowing Alkemy to reduce
the cost of recycled plastic as raw materials and increase the
profit margin per metric ton.
Forward-Looking Information
This press release contains "forward-looking information" and
"forward-looking statements" (collectively, "forward-looking
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Forward-looking information may relate to the Company's future
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historical facts but instead represent management's expectations,
estimates and projections regarding future events or
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Forward-looking information is necessarily based on a number of
opinions, estimates and assumptions that, while considered by the
Company to be appropriate and reasonable as of the date of this
press release, are subject to known and unknown risks,
uncertainties, assumptions and other factors that may cause the
actual results, level of activity, performance or achievements to
be materially different from those expressed or implied by such
forward-looking information, including but not limited to, risks
and uncertainties associated with market conditions and the
satisfaction of all applicable regulatory requirements, as well as
risks and uncertainties associated with the Company's business.
If any of these risks or uncertainties materialize, or if the
opinions, estimates or assumptions underlying forward-looking
information prove incorrect, actual results or future events might
vary materially from those anticipated in such forward-looking
information. The opinions, estimates or assumptions referred to
above and the risk factors described in the "Risk Factors" section
of the Management's Discussion and Analysis of the Company dated
April 30, 2021 should be considered
carefully.
Although the Company has attempted to identify important risk
factors that could cause actual results to differ materially from
those contained in forward-looking information, there may be other
risk factors not presently known to the Company that could also
cause actual results or future events to differ materially from
those expressed in such forward-looking information. There can be
no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not
place undue reliance on forward-looking information,. The Company
disclaims any intention or obligation or undertaking to update or
revise any forward-looking information whether as a result of new
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SOURCE K.B. Recycling Industries Ltd.