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FOY Group Ltd.

TVI Pacific Inc. currently holds a 27.24% equity stake in FOY Group Limited (formerly Foyson Resources), a publicly traded resource company on the Australian Stock Exchange under the symbol “FOY”.  FOY is currently halted pending the completion of a business sale transaction with Integrated Green Energy Pty Ltd ("IGE") and financing activities.

Waste Conversion Technology

In March 2015, Foyson announced that it has signed a binding Business Sale Agreement with IGE to acquire the following assets:

  • royalty-free, perpetual licences (Licences) to commercialise three specific technologies:
    • plastics to fuel conversion;
    • biomass to fuel conversion; and
    • biomass to energy conversion (collectively Technologies);
  • a waste plastics to diesel and petrol conversion plant (Commercial Plant), located at Berkeley Vale, approximately 100kms north of Sydney. The Commercial Plant is based on an existing pilot plant and has a design capacity of 50 tonnes waste feedstock per day;
  •  the Management team (Management) to operate the Berkeley Vale facility including the developer of the intellectual property on which the licences are based; and
  •  the other assets used exclusively in IGE’s business (Business), including feedstock contracts, the property lease at Berkeley Vale and goodwill.

As of January 2017, FOY has completed its Business Sale Agreement with IGE and is in the process of raising A$18.5 million for the permitting the construction and operation of a 200 tonne per day Plastics-to-Fuel facility in Hume, ACT, Australia.  It plans to relist on the Australian Stock Exchange in early 2017.

For more information on FOY, please visit http://foygroup.com.au/.