CYBER INTERNATIONAL SECURES A GBP $50 MILLION DOLLAR GREEN BOND
Rhea-AI Summary
Cyber Enviro-Tech (OTCQB-CETI) has announced that its subsidiary, Cyber International of Turkey, has secured a GBP $50 million Green Bond (ISIN: CH1213603934) for environmental remediation projects. The bond, issued by Sustainable Capital PLC, trades on the Dorso Deutsche Exchange with plans for London Stock Exchange listing.
The funds will support large-scale environmental initiatives across Turkey, the Middle East, and Africa, focusing on:
- Sludge pond remediation
- Oil refinery slop
- Contaminated soil reclamation
- Industrial wastewater treatment
The company aims to address environmental damage from oil production while generating revenue through the recovery and sale of valuable byproducts. The Green Bond adheres to core principles including transparency, project evaluation, fund management, and annual reporting.
Positive
- Secured GBP $50 million in Green Bond funding
- Bond trading on Dorso Deutsche Exchange with potential London Stock Exchange listing
- Revenue generation potential through byproduct recovery and sales
- Geographic expansion into Turkey, Middle East, and Africa markets
Negative
- None.
Obtaining this Green Bond, through its wholly-owned subsidiary, reflects CETI's commitment to execute on high-impact environmental initiatives aimed at fostering a sustainable future.
GREEN BONDS: A SUSTAINABLE INVESTMENT OPPORTUNITY
Green Bonds are specialized financial instruments designed to fund environmentally sustainable projects. The proceeds from these bonds are exclusively allocated to financing or refinancing eligible green initiatives while the issuer ensures compliance with the four core principles of the Green Bond Principles:
- Transparency in the use of proceeds
- Project evaluation and selection
- Management of funds
- Annual reporting
Additionally, Green Bonds may provide tax-exempt benefits, making them an attractive investment that aligns financial returns with sustainable objectives.
Since the first Green Bond was issued in 2007 by the European Investment Bank (EIB), Green Bonds have expanded into a market exceeding
CETI'S GLOBAL IMPACT: ENVIRONMENTAL REMEDIATION ACCROSS KEY REGIIONS
Cyber International intends to utilize the funds from the Green Bond to support large scale environmental remediation projects throughout
- Sludge pond remediation
- Oil refinery slop
- Contaminated soil reclamation
- Industrial wastewater treatment
By addressing decades of environmental damage caused by oil production, Cyber International is not only mitigating ecological risks but also generating revenue through the recovery and sale of valuable byproducts. This innovative, economically sustainable approach underscores CETI's commitment to environmental restoration and resource efficiency.
"We are honored to have the support of Sustainable Capital PLC and the Green Bond vehicle to fund our domestic and international projects," said Kim D. Southworth, co-founder and CEO of Cyber Enviro-Tech, Inc. "The need to address environmental damage from decades of oil production, particularly in water and soil, is substantial across many countries. This Green Bond initiative offers a unique opportunity for investors to align their portfolios with environmental objectives without sacrificing financial returns."
ABOUT CYBER ENVIRO-TECH, INC.
Cyber Envıro-Tech, Inc. (CETI) operates internationally in eco-conscious oil sludge, water, and soil remediation projects. Using proprietary bio remedial materials and cutting-edge technologies, CETI effectively extracts and eliminates hazardous waste materials from sludge ponds, contaminated oil, industrial wastewater and soil.
CETI's solutions integrate Fourth Industrial Revolution technologies, including machine learning, artificial intelligence, cloud computing, and SCADA systems, alongside non-chemical bioremediation techniques. The company specializes in cleaning oil sludge ponds, storage tanks, oil spills, mining sites, and other contaminated industrial wastewater sources.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that reflect CETI's expectations regarding future financial performance, project developments, regulatory approvals, and business strategies. These statements are not guarantees of future results, and actual outcomes may differ due to various risk factors, including regulatory changes, market fluctuations, and operational challenges.
CETI assumes no obligation to update any forward-looking statements to reflect changes in circumstances after the date of this release.
CONTACT:
Winston McKellar,
Dir of IR/PR
Cyber Enviro-Tech, Inc.
6991 E. Camelback Rd., Suite D-300
Website: www.cyberenviro.tech
866.687.6856
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SOURCE Cyber Enviro-Tech