New IPO to convert waste plastic to low sulphur diesel

September 5, 2005 Current Australian IPO Axiom Energy Limited has an interesting proposition for potential investors – the company will produce low sulphur diesel from waste plastics that until now could not be recycled and would otherwise end up as landfill. Axiom also plans to be the largest producer of biodiesel on the Australian Eastern seaboard. Currently, 88 per cent of the 1.5 million tonnes of plastic consumed in Australia annually is sent to landfill, this amount could convert to more than 1 billion litres of low sulphur diesel. For example, a simple ice-cream container, weighing just 68 grams can be converted into a diesel fuel which will power a VW Golf car with a diesel engine for approximately one mile.

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