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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Greenhouse | LSE:GHF | London | Ordinary Share | GB00B0T2CP59 | PARTCIPATING SHS NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.625 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:6709P Greenhouse Fund Limited (The) 10 March 2008 The Greenhouse Fund Limited ("Greenhouse" or "the Fund") First Molectra Australia Contract Awarded The Directors of Greenhouse (AIM:GHF) are pleased to announce that its tyre recycling subsidiary Molectra Australia Pty Ltd ("Molectra"), has been awarded its first large-scale contract to supply anti-cast products made from its recycled rebonded crumb rubber to the equine market. This contract should ensure Molectra achieves a minimum of breakeven by the end of Q3 2008. The contract will be supplied out of Molectra's Loganholm, Brisbane production facility and marks a key turning point for the technology as it moves from the research and development phase to a commercially viable process. Molectra was established in 2000 and has developed a sustainable process that re-cycles and recovers materials including crumb rubber, oil and carbon from used vehicle tyres. The technology has been developed over the last 10 years and has won many international awards and prizes during this time, including the 2007 DaimlerChrysler Australian Environmental Research Award. Roger Maddock, Non-executive Director commented, "I am delighted that following the hard work that has gone into developing and commercialising Molectra, this first significant contract validates the technology. It is testament to the efficiency of the process that one contract can take an R&D facility into profitability." For further information please contact: Paul Gazzard Greenhouse Advisor Ltd. Tel: 020 7355 7660 Email: pg@greenhousefund.co.uk Stephen Mischler / Tim Graham Matrix Corporate Capital LLP 020 7925 3300 Graham Herring Threadneedle Communications Tel: 020 7936 9605 Email: graham.herring@threadneedlepr.co.uk NOTES TO EDITORS About Greenhouse Greenhouse is an AIM quoted Jersey domiciled closed-ended investment company established to invest principally in sustainable environmental technologies to create a portfolio of investment holdings in the environmental sector. This information is provided by RNS The company news service from the London Stock Exchange END CNTUBSNRWRRORAR
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