Abundia Global Impact Group, Inc. Anticipates Increased Revenue Generation Opportunity Through Expansion of Technology Rights Under Alterra License Agreement

Core Insights - Abundia Global Impact Group, Inc. has secured additional rights to Alterra Energy's Advanced Recycling technology to develop and operate two more plastics recycling sites in the U.S. [1][2] - The new sites have the potential to convert up to 160,000 tons of waste plastic per year into approximately 105,000 tons of high-value renewable fuel and chemical products, potentially generating over $200 million in annual revenue per site at current prices [2][3] Company Overview - Abundia is a low-carbon energy company focused on converting waste into value, with headquarters in Houston, Texas [4] - The company is developing commercial-scale facilities to transform waste plastics and biomass into drop-in fuels and low-carbon chemical feedstocks [4] Partnership and Technology - The collaboration with Alterra Energy aims to accelerate the replacement of fossil feedstocks in the U.S. and enhance technology performance within the industry [3][6] - The updated agreement allows Abundia to operate two additional sites in the U.S., increasing potential capacity by up to 320,000 tons per year of waste plastic [2][3]