RE: Great RNS!2 Oct 2025 12:28
Only released 20 min ago, this will go mental
Sabien Technology Group announced an update on its partnerships with City Oil Field (COF) and b.grn Group Limited, highlighting COF's recent certifications that pave the way for exports of its circular plastic oil to the EU. COF's Jeongeup facility, with a capacity to process over 7,000 tons of plastic waste annually, is set to begin operations in October. Furthermore, COF secured foreign corporate investment from PEDCO of Saudi Arabia and the UAE, valuing the company at approximately 100 billion won ($72.2 million). An initial investment deal worth $1 million was signed, with additional funding to follow. Sabien has a sales agency agreement with COF where the potential revenue value to Sabien is contracted at US$1.2 million per RGO module installed.