ESGL Holdings Limited Announces Groundbreaking Multi-Year Circular NEWSPAR Supply Agreement With Sentosa Clay Products
Portfolio Pulse from Benzinga Newsdesk
ESGL Holdings Limited (NASDAQ:ESGL), an enviro-tech company, has entered into a multi-year agreement with Sentosa Clay Products to co-produce sustainable bricks using ESGL's proprietary product, NEWSPAR. The agreement, which lasts until the end of 2025, will result in the production of over 10 million sustainable bricks annually, enough for about 1,000 two-storey houses. This partnership is expected to provide environmental benefits and an alternative revenue stream for ESGL.
January 23, 2024 | 2:02 pm
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ESGL's multi-year agreement with SCP to produce sustainable bricks using NEWSPAR could lead to increased revenue and enhance the company's reputation in sustainable building solutions.
The agreement with SCP is directly related to ESGL's core business and is likely to have a positive impact on the company's financials and brand image as a leader in sustainable building materials. The production of a significant number of sustainable bricks is expected to generate an alternative revenue stream and could be seen positively by investors and customers interested in environmental sustainability.
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