Pearl Global Limited (ASX:PG1)

First Australian Company to receive an endorsement by TSA - Pearl Global Limited is a revolutionary tyre processing company that applies unique, next-generation thermal desorption technology to cleanly convert tyres into valuable secondary products. Pearl’s technology is a significant advancement on other methods of processing waste tyres because it has low emissions, no hazardous by-products, requires no chemical intervention and is the only process that meets the standard emissions criteria that are set by the Australian regulators for this type of technology. The Group lately confirmed the accreditation by the Tyre Stewardship Australia (TSA) for its unique tyre recycling process. Pearl will be the first tyre recycling company of its kind to gain this accreditation.


Company’s Technology Overview (Source: Company Reports)

TSA has been responsible for implementing and promoting the development of processes for end-of-life tyres and its purpose is to address the significant issue of waste tyres and help in increasing resource recovery, recycling and minimising the environmental, health and safety impacts of end-of-life tyres that are generated in Australia.

During the course of operations, Pearl has harnessed next-generation technology to convert end-of-life tyres into valuable products with low emissions. It recently completed its first two weeks of site operations as it comes towards completion of commissioning at Stapylton, Queensland and delivered 20 tons of end-of-life tyres that have been converted into commercial value products ready for sale. It recently received all regulatory approvals to refine, produce and sell petroleum products after an extensive application process. Its process has shown the ability to convert and utilize 100 per cent of the disposed tyre. On the other hand, the Group has reported a net loss attributable to members for the half-year ending on 31 December 2017 of $470,604 as compared to net loss of $464,012 for the same period in the prior year. It continues to focus on its commercial operations and on its milestone which it has to achieve through sustainable and environmentally friendly business. The stock price has been sinking since the start of the year and was down by 32.65 per cent in last five days. It witnessed a huge recovery of 27.27 per cent as on 15 June 2018. We give a “Hold” recommendation at the current market price of $0.21 by looking at the overall scenario and the heightened volatility.

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