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Reclaim signs MOU for planned fuel-producing tyre recycler

8-November-07 by Edited announcement

Bibra Lake-based rubber recycling company Reclaim Industries Ltd will develop a tyre processing facility capable of producing fuel and other byproducts, the company has announced.

Reclaim has signed a memorandum of understanding for a joint venture agreement with Chinese investor Shou Zhuo, who will spend around $3 million to establish the facility next to Reclaim's planned Adelaide plant.

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