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Thanks Lesser - I didn't get an e-mail / couldn't get a view of the RNS's earlier today and thought it was part of an ITM posting of some sort. Good news. GLAH

Well spotted SM. Surely this could have been an RNS.

I posted the enclosed on the AFC board a few days ago with the which car link. See also the abc link which I have added above - the amount of tyres available is phenomenal. Gold to PHE in due course.

https://www.abc.net.au/news/2019-04-10/diesel-fuel-made-from-tyres/10983930

https://www.whichcar.com.au/car-news/aussie-company-recycles-tyre-into-fuel

An oil refinery plant in north Queensland has cracked the code to recycle old car tyres into consumer-grade fuel.
The plant, run by Southern Oil Refineries in Gladstone in central Queensland, has produced sufficient quantities of biodiesel to start trials in a commercial-grade V8 turbo-diesel engine on its $12 million research and development site.
"Today we've put renewable diesel made from tyres into this engine,” said Southern Oil Refineries’ general manager Ben Tabulo. “It is a normal engine as you would find in trucks and boats; there is nothing special about it."
The plant, completed in 2017, uses passenger and commercial vehicle tyres, along with green waste from sugar cane milling and other sources, to produce crude oil, from which the biodiesel is refined.

The base oil product can also be refined into aviation-spec kerosene, as well as engine and gearbox lubricants. The biodiesel can theoretically be used in regular commercial trucks, utes and passenger cars.

One passenger car tyre can produce two litres of biodiesel, according to Tabulo. The company will ramp up production towards the end of 2019 to what it calls ‘demonstration’ levels, where it can produce between 10 and 20 million litres of the biodiesel product.

There are plans to construct a $150 million plant in the Gladstone area, which will potentially be able to produce up to 200 million litres a year.

Even that number is a fair way off the number needed to impact everyday supply, though, with more than 24 billion litres of diesel used in Australia every year. However, it can go some way towards shoring up our currently low levels of what’s known as fuel security.

At present, Australia has only an 18-day supply of petroleum product on hand in the event of a ‘market failure’ (industrial sabotage, war and the like). The ideal figure is more like 90 days.

Biodiesel and diesel are the same product and work in the same way, but the Southern Oils fuel is produced entirely from recycled products.

Another filter alert

I thought that was a good interview especially as we are now more informed.

Mucksy are you saying the usual crew just don't happen to pedaling their repetitive poison at the same time the price is rising - LOL

What a relief - it has indeed been a while. Hello Blue.

No mistake from me Anne.

Lets see how may more negatives you can come up with today to clutter the board up.

Schroder Increase
Parent company of Ervington Increase
No Ervington Sales

Looks pretty good to me.

I also hold ITM and must confess to not being remotely concerned about IP. I believe all is in order but would need to confirm.

01-May-19 16:36:28 3.18 500,000 Buy* 15.90k O
01-May-19 16:36:27 3.18 250,000 Buy* 7,950 O
01-May-19 16:36:24 3.19 250,000 Buy* 7,975 O
01-May-19 16:35:28 3.18 620,000 Buy* 19.72k UT

https://www.whichcar.com.au/car-news/aussie-company-recycles-tyre-into-fuel

An oil refinery plant in north Queensland has cracked the code to recycle old car tyres into consumer-grade fuel.
The plant, run by Southern Oil Refineries in Gladstone in central Queensland, has produced sufficient quantities of biodiesel to start trials in a commercial-grade V8 turbo-diesel engine on its $12 million research and development site.
"Today we've put renewable diesel made from tyres into this engine,” said Southern Oil Refineries’ general manager Ben Tabulo. “It is a normal engine as you would find in trucks and boats; there is nothing special about it."
The plant, completed in 2017, uses passenger and commercial vehicle tyres, along with green waste from sugar cane milling and other sources, to produce crude oil, from which the biodiesel is refined.

The base oil product can also be refined into aviation-spec kerosene, as well as engine and gearbox lubricants. The biodiesel can theoretically be used in regular commercial trucks, utes and passenger cars.

One passenger car tyre can produce two litres of biodiesel, according to Tabulo. The company will ramp up production towards the end of 2019 to what it calls ‘demonstration’ levels, where it can produce between 10 and 20 million litres of the biodiesel product.

There are plans to construct a $150 million plant in the Gladstone area, which will potentially be able to produce up to 200 million litres a year.

Even that number is a fair way off the number needed to impact everyday supply, though, with more than 24 billion litres of diesel used in Australia every year. However, it can go some way towards shoring up our currently low levels of what’s known as fuel security.

At present, Australia has only an 18-day supply of petroleum product on hand in the event of a ‘market failure’ (industrial sabotage, war and the like). The ideal figure is more like 90 days.

Biodiesel and diesel are the same product and work in the same way, but the Southern Oils fuel is produced entirely from recycled products.

Southern Oil - RNS content July 2018

Northern Oil's Advanced Biofuel Refinery near Gladstone, is currently operating to convert several waste streams into renewable crude, before refining it into 100% certified renewable fuel. The Advanced Biofuels Refinery, supported by the Australian Government, Queensland Government and ARENA (Australian Renewable Energy Agency), is a world first and within its operation, will require large volumes of industrially stable, renewable biohydrogen to support the refining process.

Northern Oil, is developing a new hydrogen generation technology to complement its refining process. The technology utilises Steam Over Iron Reduction and Chemical Looping processes to deliver cheaper and more efficient hydrogen than conventional Steam Methane Reformation ("SMR"). Northern Oil is building a large industrial scale pilot plant where surplus hydrogen generated from the system is to be made available for consumption within a fuel cell.

News from an external link to follow in relation to recycling car tyres to be converted into fuel. I am wondering whether the scope for hydrogen for the fuel cell is actually increasing given the news on recycling car tyres (see part 2) and the requirement for bio-hydrogen for the refining process.

will be emailing later today Chippy

Interesting link thanks for posting BB. What is clear is that there will be huge demand for EV charging / H2 refuelling in the future.

Like other holders I am not aware of the reason for the rise but am certainly not complaining. GLAH

I have often questioned my sanity also, not only with this share but others. It looks as though patience is beginning to pay off, and it most certainly has with PPS.

Many thanks for the update

Another angle whatfinds - would you publish something which had been leaked, i.e. that same something? I am not sure whether I would.

Hi Iwant - I agree with your post with this RNS but it needs to be put in context that everything that has been communicated over a long period.