Sabien Technology Share Discussion Threads

[jambam] 17/4/2023 07:02

they need cash - good news today but placing is coming

[tomboyb] 17/4/2023 06:22

Sabien Technology Group PLC Update on b.grn
17/04/2023 7:00am
RNS Non-Regulatory

TIDMSNT

Sabien Technology Group PLC

17 April 2023

17 April 2023

REACH

Sabien Technology Group plc

("Sabien" or the "Company")

Update on b.grn

The Board of Sabien Technology Group plc (AIM: SNT), a Company focused on a green aggregation strategy, provides an update on b.grn Group Limited ("b.grn"), the Special Purpose Vehicle ("SPV"), formed by the Company and Parris Group Limited on 21 December 2021.

Since this formation, b.grn has engaged actively with land vendors, and the Company's technology partner, City Oil Field ("COF"), in pursuit of its strategy to develop waste plastic recycling sites in the United Kingdom.

On 2 November 2022, Sabien announced that b.grn had entered into a binding contract with COF for the supply of the first 24 tonne plastic to oil recycling plant using COF's Regenerated Green Oil ("RGO") system on a site in the Midlands region of the UK ("Midlands").

As previously announced in Sabien's Interim Results (31 March 2023), Sabien board members and key management met with COF representatives in South Korea recently. Following these meetings, Sabien is pleased to announce the signing of a Memorandum of Understanding ("MOU") between b.grn, COF, Hanyang Corporation Co. Ltd ("Hanyang") and Woori Technology Inc. ("Woori") (together "the Parties"). This MOU governs the intention of the parties to deliver, jointly, a Recycling Project Cluster plan for the site in the Midlands.

The Parties

In addition to the UK operating company, b.grn and the technology provider, COF, the Parties also include now Hanyang and Woori. Hanyang is an international construction, project development and energy company with operations in the US and Europe. Woori, a KOSDAQ listed company, is a multidisciplinary organisation with operations in power generation and transport. It is an existing technology and funding partner of COF.

The Recycling Cluster concept

The Parties intend to develop the site in the Midlands with a Recycling Cluster Project. The recycling project combines a COF Plastic-to-Oil plant, equipped with green smart farm technology which utilises waste heat energy from the recycling plant. A presentation of a similar project involving the same industrial partners and planned for construction in Korea by 2025 is available on the Investor Communications page of the Sabien website.

Reflecting on the Recycling Cluster Project, Dr Athan Fox, Sabien's Chief Scientific Officer, commented:

"In my opinion, the COF technology presents a solution for the treatment of end-of-life plastics which is both innovative and efficient. The technology produces high-quality naphtha and fuel oil at significantly lower temperatures, without the harmful by-products, toxic emissions, and difficult-to-process waste associated with pyrolysis. In co-operation with the partners now joining the Recycling Cluster Projects, we believe that Sabien, b.grn, and COF are building 'true' recycling in the UK and beyond."

Commenting on the b.grn update, Richard Parris, Sabien Executive Chairman, said:

"The visit to South Korea developed further key relationships between Sabien. b.grn, and COF. Specifically, and critically, the project now includes key partnerships with Hanyang and Woori; both bringing important components to this multifaceted project. The MOU brings together all the necessary elements in order to deliver the first UK Recycling Project Cluster in the Midlands. It builds on the low energy, low emission RGO process and will provide additional benefits from the utilisation of waste heat."

[dave4545] 14/4/2023 21:51

Another 110k worked buy and at much higher prices than previous days

Clearly diversity are not stopping

[tomboyb] 14/4/2023 08:11

20p plus I reckon -

Buy Green tech -

[dave4545] 14/4/2023 07:46

Once again 100k or less of buys and it's a total squeeze NT to buy anything and heading to 17p offer on L2 2 MM left with 5000 each at 16p unless they can find sellers which atm with this momentum are thin on the ground

[someuwin] 14/4/2023 07:34

Getting very interesting...

"COF / b.grn Business

Sabien Board members and elements of the management team are visiting South Korea at the end of March 2023 and early April 2023. The purpose of this visit is to further strengthen the relationship between Sabien and City Oil Field Inc, ("COF"). COF is the inventor and vendor of a unique catalyst-driven, plastic-to-oil technology for which Sabien is the exclusive UK and non-exclusive worldwide sales agent.

During the visit Sabien will introduce senior representatives of a leading UK university's material science department. It is expected these Professors will be engaged on a research project initiated by Sabien to verify and further investigate the COF technology. In addition, the team will be joined by a major US commodities trading and energy investment company which is carrying out due diligence on the technology with a view to funding an initial technology rollout for Sabien's associated joint-venture operating company; b.grn Group Ltd. Finally, a potential African customer for b.grn is joining the visit to carry out specific due diligence relevant to that region's resources and needs.

With the forthcoming research project, strategic partners in place, and advanced discussions ongoing with key funding partners, the Board considers that b.grn has assembled the fundamental building blocks of a successful business model."

[dave4545] 13/4/2023 17:34

Why on earth would the CEO be buying at higher and higher prices when he already has a huge holding if he was planning a placing.

There's logic and then there's stupidity.

Or perhaps somebody that wants in at a lower price

ps late on it was 15.15p to buy then 40k paid 15.247p will not take much more buying to dry up limits again

[jambam] 13/4/2023 12:05

placing coming

[tomboyb] 13/4/2023 11:35

Looking good -

[dave4545] 13/4/2023 11:05

15k max 15.45p

Who is going to sell with 2 large buyers both over 20%

You cannot get a bigger hint than this

[tomboyb] 13/4/2023 10:00

NT at 15p -

[dave4545] 13/4/2023 09:58

Added 40k at 15p

[tomboyb] 13/4/2023 09:58

Looking v good -

Green tech is going to be v big -

See this breaking 20p -

[dave4545] 13/4/2023 09:50

I tried and failed several fill or kills. Gave me 10k at 14.5p just now

But I'm holding lots from sub 10p so happy days anyway

[tomboyb] 13/4/2023 09:39

NT at 14.5p -

A lot of stock seems to have run dry -

[tomboyb] 13/4/2023 08:57

Diversity Network Investments Limited now at 20% -

Buy green investments -

[dave4545] 12/4/2023 20:55

Yes this is a patience thing and in this market even when the strongest possible hint of good things to come with heavy director buying people still sell when they drift and become quiet but agree when it turns it will shoot up but from what level. Cannot see it going lower than 12p and even 13p offer should be popular if it gets that low with director buying 100k more at 13.7p.

[ianjan] 12/4/2023 18:33

Well a pull back was due after the healthy rise last week, might touch a tad below 13p but i think this is going much higher, minimum 25p this year. Currently adding to my holding added 25k today at 13.9 in two lots, one more week before any news from korean trip. Lets see how that went

[dave4545] 11/4/2023 08:04

Looks like a buy order is still there, mopping up the little sales and still bidding 13.9p for 50k max, you can sell higher but that drops to 13.56p. 15k at 14.33p, 25k at 14.48p and higher is 14.85p to buy.

[turbotrader2] 10/4/2023 18:17

Get ready to rumble.....

[dave4545] 06/4/2023 17:18

50k worked at 13.99p pretty sure we know who that is.

[dave4545] 06/4/2023 10:47

13.75-14.35p

All quiet now, thought it would trade way higher after yesterday news but I'm sure it will within a few months.

[dave4545] 06/4/2023 07:09

Not seen a buy quote yet online been NT at 13.5 14 14.5p and now 15p