Developing Clean Hydrogen & Solar Technology

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by charlotte williams 15 Oct, 2024
CMG Cleantech S.A. DÉSINVESTISSEMENT DE CMG CLEANTECH S.A. DE SA FILIALE, OCEAN POLYMERS LIMITED 15-Oct-2024 / 10:52 CET/CEST Information réglementaire transmise par EQS Group. Le contenu de ce communiqué est de la responsabilité de l’émetteur. [Paris, le 15 octobre 2024] - CMG CleanTech S.A. ("CMG") a annoncé son désinvestissement stratégique de sa filiale, Ocean Polymers Limited. Ocean Polymers a été acquise par CMG en novembre 2022. Cette décision intervient alors qu'Ocean Polymers progresse vers la phase finale de ses négociations avec le gouvernement de Trinité et Tobago pour un accord concernant l'achat d'électricité et la fourniture de carburant nécessitant de construire une centrale électrique à Tobago qui convertira les déchets en énergie propre. Pour mener à bien ce projet, Ocean Polymers a besoin de réaliserune levée de fonds substantielle. Il est donc dans l'intérêt des deux parties qu'Ocean Polymers redevienne une entité juridique privée. Cette transition offrira une plus grande flexibilité et créera un environnement plus favorable aux levées de fonds nécessaires. Darren Taylor, directeur général de CMG, a déclaré à l'occasion de l'annonce du désinvestissement: "Nous pensons qu'en permettant à Ocean Polymers d'opérer en tant qu'entité juridique privée, Ocean Polymers sera mieux à même d'atteindre ses objectifs financiers et opérationnels. Nous nous engageons à l'accompagner dans cette transition. Cette décision souligne la volonté de CMG de s'assurer que ses filiales disposent de la flexibilité et des ressources nécessaires pour atteindre leurs objectifs stratégiques". CMG et Ocean Polymers continueront à collaborer et restent ouverts à la possibilité de fusionner à nouveau dans le futur. A propos de CMG CleanTech S.A. Cotée à la Bourse Euronext Paris, CMG CleanTech S.A. ("CMG") est guidée par une stratégie ESG forte et sûre - développer la technologie propre de l'hydrogène et du solaire dont elle dispose et aider les pays, les organisations et les individus à réduire leur impact environnemental et à atteindre les objectifs ambitieux de neutralité carbone pour 2050. https://www.cmgcleantech.com/ Contacts pour les demandes de renseignements sur les relations publiques et les médias : pr@financialmedia.group Franziska Grobler Groupe des médias financiers *Traduit avec DeepL.com (version gratuite) ________________________________________________________________ Fichier PDF dépôt réglementaire Document : DÉSINVESTISSEMENT DE CMG CLEANTECH S.A. DE SA FILIALE, OCEAN POLYMERS LIMITED
by charlotte williams 15 Oct, 2024
CMG Cleantech S.A. CMG Cleantech S.A.: TO DIVEST AND UNWIND ITS ACQUISITION OF SUBSIDIARY, OCEAN POLYMERS LIMITED 15-Oct-2024 / 10:52 CET/CEST Dissemination of a French Regulatory News, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. [Paris, 15 October 2024] – CMG CleanTech S.A. (“CMG”) has announced a strategic divestment of its subsidiary, Ocean Polymers Limited. Ocean Polymers was acquired by CMG in November 2022. This move comes as Ocean Polymers is advancing into the final stage of negotiations for power purchase and fuel supply agreements with the Government of Trinidad and Tobago along with the necessity of constructing a power plant in Tobago that will convert waste into clean energy. In order to effectively execute this project, Ocean Polymers requires a substantial capital raise. It is, therefore, in both parties’ best interest for Ocean Polymers to transition back to being a private legal entity. This transition will provide greater flexibility and create a more favourable environment for the necessary fundraising activities. Announcing the divestment, CMG’s Directeur Général (CEO) Darren Taylor said: “We believe that allowing Ocean Polymers to operate as a private legal entity, will better position Ocean Polymers to meet its financial and operational objectives. We are committed to supporting them through this transition. The decision underscores CMG’s dedication to ensuring that its subsidiaries have the flexibility and resources needed to achieve their strategic goals.” CMG and Ocean Polymers will continue to collaborate and remain open to the possibility of merging again in the future. About CMG CleanTech S.A. Listed on the Euronext Paris Exchange, CMG CleanTech S.A. (“CMG”) is driven by a strong, secure ESG strategy – to develop the clean hydrogen and solar technology at its disposal and help countries, organisations and individuals alleviate their environmental impacts and meet ambitious 2050 carbon neutrality goals. https://www.cmgcleantech.com/ Contacts for IR and media enquiries: pr@financialmedia.group Franziska Grobler Financial Media Group _____________________________________________________________ Regulatory filing PDF file File: CMG CLEANTECH S.A. TO DIVEST AND UNWIND ITS ACQUISITION OF SUBSIDIARY, OCEAN POLYMERS LIMITED

CMG CLEANTECH S.A.

Listed on the Euronext Paris Exchanges, CMG Cleantech S.A. (CMG) is driven by a strong, secure ESG strategy – to develop the clean hydrogen and solar technology at its disposal and help countries, organisations and individuals alleviate their environmental impacts and meet ambitious 2050 carbon neutrality goals.


CMG Cleantech S.A. is formerly known as Compagnie Mercosur Grecemar S.A. For information on the company prior to 2022, please see here.

Key Green Energy Solutions:

  • Solar Power Systems

    Created by a global supplier of key technology solutions using recyclable materials.  It is suitable for both residential roof systems and large-scale commercial structures.

  • Battery Systems

    The Company's battery technology and battery management systems are designed to integrate into any domestic and commercial environment. The company is able to deliver a minimum of 3,300 kWh per year with their system, which equates to 158 days free power to domestic homes. 

  • Hydrogen Generator

    In the market today, there are options of fuel cell systems which are solely for large industrial scale applications.  CMG will be utilising key know-how in the market for sub-system component and integrating them into sized systems for CMG’s applications.


    CMG Group Company Tech Infinite is currently developing Water to Hydrogen electrolysis solutions and are aiming for prototype readiness by Q3 2022. The purpose of this technology is to create renewable hydrogen gas through the process of electrolysis on surplus renewable electricity generated. Compared to existing market solutions, Tech Infinite’s electrolysis technology supports the route to net zero emissions.


Acquisition: 2 December 2021

Country: UK

Industry: Renewable Energy

Website:  techinfinite.co.uk


Tech Infinite provides home-building and green energy solutions in the belief that sustainable and affordable design, building and electric vehicle charging technologies should be available to everyone; businesses and consumers alike. The company is committed to creating an energy zero impact product range, delivering environment positive outputs from materials used to end of life solutions.


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