AESL, was incorporated in Kenya in June 2012, has set up a high grade plastic pyrolysis oil plant in Thika Kenya having received assistance from KDC through a loan of Kes 189.7 million (approx. US$ 1.7 million) that was disbursed in tranches between June 2016 and March 2017. Pyrolysis oil is a synthetic heavy fuel oil made from waste plastic and is widely used as a substitute to fossil based Heavy Fuel Oil (HFO) to fire industrial boilers. The objective of this project is to address perennial plastic menace in urban areas in Kenya at a profit. AESL is planning to expand its operations by increasing its production capacity to about 17,000 litres of pyrolysis oil per day from the current 8,400 litres. The cost of expansion is estimated at Kes 500 million (approx. US$ 4.5 million) including working capital and is looking for a strategic investor
Kenya Development Corporation (KDC)
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