The deal is expected to close after obtaining necessary approvals from the relevant regulatory authorities, and of the project permits for construction readiness.
The factory inauguration marks the successful completion of a 2-year-long project and sets the ground for commercial production in early 2025.
Percentage of consumers intent on buying an electric vehicle (EV) rises just three percentage points year-on-year (to 58%) with lack of charging infrastructure a widely cited issue.
With 50% of global plastic waste ending up in landfills and only 9% recycled, GR3N developed MADE, the Microwave Assisted DEpolymerization solution.
The entrepreneurs penetrated the market with a service-oriented business, establishing as a team with niche expertise in developing marketing strategies for restaurants.
The new 21,000 sqm facility will feature state-of-the-art manufacturing technologies, attractive offices and an employee canteen.