The US company has been scaling up its development plans in Europe in preparation for commencing operations in North America and the Asia Pacific region. CBp is expanding the capacity of its Hungarian plant from 3000 tonnes to 10 000 tonnes per annum while the roll-out of new plants - generally with capacities of around 30 000 tonnes per annum - is in progress.

The company's Vice-President of Technology, Jack Fader, has filed eight new patents in respect of technology covering ancillary applications, such as use of CBp Green Carbon in road surfacing and roofing in addition to its more traditional application in tyre and rubber manufacture. Upon acceptance for registration, these patents will provide CBp with 17 to 20 years of patent protection.

CBp Green Carbon is a commodity that increases in value with rising oil prices and the growing shortage of virgin carbon black. The technology recycles 100% of used tyres and scrap rubber, CBp claims.

CBp Europe Ltd, the primary patent owners and licensors to the company, have sold 100% of worldwide ownership of the patents and all rights to the technology to the parent company for: an additional consideration of US$ 4 million (Euro 2.7 million); 10 million shares and warrants at US$ 2 (Euro 1.36); and two tranches of US$ 3.5 million (Euro 2.4 million) when the next two 30 000-tonne capacity plants enter commercial production.

Acknowledgement

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