Vancouver, British Columbia — Klean Industries Inc (“Klean”) is pleased to announce that Klean has completed the acquisition of Carbon Resources Recovery GmbH (“CRR”) located in Berlin, Germany. The combination of these two amazing companies makes Klean the world’s leading tyre pyrolysis technology company. It also further reinforces Klean’s leadership in the production of high-quality recovered carbon black (rCB) globally.

Klean and CRR have developed best-in-class technologies with specialized know-how that boast a combined IP portfolio that Klean believes is second to none in the tire pyrolysis recycling sector. Our two companies also share a reputation for technology innovation, high-quality manufacturing, and product excellence. Both companies are considered market leaders as measured by customer satisfaction, industry analyst reports, financial strength, and growth.

Klean is historically known for high-end environmental engineering solutions related to the thermal processing of scrap tires, waste plastics, and municipal solid wastes using pyrolysis and gasification-based technologies, that have catered to the sophisticated needs of the most complicated waste and recycling problems. While CRR has focused all of its endeavors on perfecting and commercializing the ownership of its intellectual property and know-how in the field of tire pyrolysis since its inception. CRR has built and developed the largest and fully continuous, commercial-scale facility operating in Europe.

“Klean plans to leverage the best of both companies’ assets and know-how to accelerate its growth and return on investments. Over the years Klean’s proven organic and acquisition growth strategy has strongly complimented the Klean brand. The Klean Team has a proven track record of harnessing technology, processes, and systems to drive operating efficiencies and we are excited to welcome CRR members to the Klean family.” said Jesse Klinkhamer, CEO of Klean Industries.

Klean now boast a deal flow pipeline of pyrolysis projects under development that is estimated to exceed a billion dollars’ worth of projects related to just tire pyrolysis processing alone. Now with in-house financing available for up to 85% on approved credit terms for all our customer’s equipment needs and product sales support the company is well positioned for exceptional growth. With this acquisition, Klean is now pushing forward with its plan for its initial public offering and is now set for its rapid global expansion.

Jesse Klinkhamer commented, “I want to personally thank our investors and the Klean Team for their support over the years in helping Klean to evolve into an industry leader in the tyre pyrolysis sector. With the completion of this acquisition, we now believe we offer the best and most commercially proven technologies on the planet that deliver the highest possible returns both environmentally and financially within our space. We are very proud of our accomplishments to date and are very excited about our bright future ahead.”

About Klean Industries

Klean Industries (“Klean”) provides best-in-class technologies and solutions in the waste-to-value industry. Our international team of award-winning experts have decades of experience in the design, engineering, and manufacturing of the highest quality equipment to convert waste streams into valuable energy and resources. Our unique products and services are a result of combined know-how in the design of recycling, resource recovery, waste management, and power generation projects. Our global project management expertise safeguards timelines and budgets enabling projects to be delivered in less time and at lower costs.

Klean uses proprietary technologies to rapidly develop projects that produce the highest quality fuels, recovered Carbon Blacks (“rCB”), and green hydrogen from various kinds of feedstocks. Our knowledge and skillfulness provide a specialization in building projects that use advanced thermal technologies such as pyrolysis, gasification, and carbonization, which convert end-of-life tires, waste plastics, and municipal solid waste into domestic energy, sustainable commodities, and new cleantech jobs. We create a symbiosis between waste, resources, and energy. Klean Industries is the link between the low carbon, circular economy, and the goal of zero waste to landfill.

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