The landmark agreement between ESGL and SCP will see the production of sustainable building materials using the circular product, NEWSPAR. NEWSPAR is a proprietary product from ESGL that provides both practical and environmental benefits. The contractual commitment extends through
"SCP's collaborative R&D efforts with ESGL over the past few months have been instrumental in exploring the potential of NEWSPAR as an alternative material in brick manufacturing. Under this contract, SCP anticipates the annual production of more than 10 million sustainable bricks, equivalent to constructing approximately 1,000 two-storey houses," stated
Chairman and CEO of ESGL, Mr.
About NEWSPAR
NEWSPAR is an innovative circular product regenerated by ESGL, from waste sludges originating in manufacturing plants. Its production relies solely on renewable energy, distinguishing it as a more sustainable alternative to materials extracted through mining processes.
About ESGL Holdings Limited
About
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
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Source:
2024 GlobeNewswire, Inc., source