US company to establish tyre recycling plant in Ja - Business - Jamaica Gleaner - Friday | April 20, 2012

US company to establish tyre recycling plant in Ja - Business - Jamaica Gleaner - Friday | April 20, 2012: "A United States-based waste-to-energy outfit is preparing to establish a US$500,000 (J$44 million) tyre recycling facility in Jamaica to convert old tyres into energy sources such as fuel oil as well as biochar, a charcoal used to increase soil fertility and raise agricultural productivity.

It would represent a first for the island, according to Axim International, in a notice advising its stakeholders and filed with the Securities and Exchange Commission this week.

Axim is based in Nevada, but operates out of Jamaica. The company, headed by locally based businesswoman Rosemary Samuels, also contemplates listing on the United States over-the-counter (OTC) stock exchange.

The company is aiming to market its products throughout the Caribbean to the agricultural and horticultural sector."

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