Tex Cycle Technology (M) Berhad (“Tex Cycle” or “the Group”), a leading provider of waste management and recycling solutions, has announced a new License Manufacture and Distribution Agreement. This agreement, formed with Ground Control Sdn. Bhd. (“Ground Control”), a subsidiary of the Group, BiobiN Technologies Pty Ltd, and Peats Group Limited (“Peats Group”), aims to introduce the innovative BiobiN® waste management system in Malaysia.
Peats Group, a pioneer in the recycling and marketing of organic resources, has over 50 years of experience in the industry. They are known for transforming green organics into high-quality compost, soil, and mulch products, utilizing cutting-edge technologies like the BiobiN® system. The BiobiN® system is a mobile solution designed for on-site composting, effectively managing organic and wet waste while reducing odors and environmental impact.
This versatile system is applicable across various sectors, including food services and meat processing facilities. It helps reduce landfill waste, lowers waste collection costs, and cuts greenhouse gas emissions, aligning with global environmental standards.
Under this agreement, Ground Control will manufacture and distribute BiobiN® systems in Malaysia, enhancing waste management practices with a focus on sustainability. This initiative is expected to significantly impact the market, offering efficient solutions that meet global environmental benchmarks.
Mr. Gary Dass A/L Anthony Francis, Group Chief Executive Officer of Tex Cycle, stated, “Our collaboration with BiobiN® technology not only advances our environmental efforts but also strengthens Tex Cycle’s capacity in innovative waste management. The introduction of BiobiN® will expand our customer base, catering to the growing demand for sustainable disposal solutions. We are deeply grateful for the support from local authorities and regulatory bodies, who have been integral to the success of this initiative.”
Harbir Gill, Managing Director of Ground Control, added, “Our partnership with BiobiN® enables us to capture valuable organic resources, diverting them from landfills and integrating them into our composting systems. This collaboration adds significant value to our sustainability efforts and those of our clients.”
Danny Mitroussidis, Manager of International Development at BiobiN Technologies, expressed excitement about the formal partnership, stating, “This collaboration with Ground Control and Tex Cycle will enhance our efforts to manage organic waste effectively, producing high-quality compost and soil enhancers. We look forward to a fruitful relationship that will provide an environmental and social legacy for Malaysia and the region.”
This agreement marks a significant enhancement to Tex Cycle’s environmental management portfolio, underscoring its commitment to sustainability and innovation in waste management.