Tex Cycle Receives Environmental Impact Assessment Approval for Sabah Integrated Waste Management Facility

EIA Approval Empowers Tex Cycle's Environmental Commitment Across East Malaysia

SELANGOR, 13 SEPTEMBER 2024 – Tex Cycle Technology (M) Berhad (“Tex Cycle” or the “Group”), an established waste management and recycling solutions provider, is excited to announce that its subsidiary, Tex Evolusi Waste Management Sdn. Bhd. (“Tex Evolusi”) has secured the Environmental Impact Assessment (“EIA”) approval from the Department of Environment for the "Proposed off-site scheduled waste storage and recovery facility on Lot 2-9 within PL.196290767 at Sipitang Oil and Gas Industrial Park (SOGIP), Sipitang, Sabah".

This approval is a crucial step for the commencement of operations for the off-site scheduled waste storage and recovery facility at SOGIP, Sabah, which is expected to commence construction by fourth quarter of 2024.

Reflecting on the developments since the announcement on April 2024, Tex Cycle has made significant strides in establishing Sabah's first integrated scheduled waste management facility, in partnership with Evolusi Bersatu Sdn. Bhd. This facility is poised to offer local, cost-effective waste treatment solutions that adhere to stringent environmental standards, reducing the need to transport waste to Semenanjung for processing. The initiative aligns with Sabah’s broader sustainability goals and is expected to create over 150 job opportunities.

The newly approved integrated facility at Sipitang Oil and Gas Industrial Park is a pivotal development for Tex Cycle, aimed at streamlining waste management processes and enhancing environmental safeguards. The EIA  approval underlines the facility's compliance with stringent environmental standards, ensuring that all operations are conducted in a manner that prioritises sustainability and minimises environmental impact. This approval is crucial as it not only validates the facility's operational plans but also fortifies community trust and supports long-term ecological objectives.

Mr. Gary Dass A/L Anthony Francis, Group Chief Executive Officer of Tex Cycle commented, "With the EIA approval in place, we are now ready to move forward with the development of this state-of-the-art facility, which represents a significant investment in Sabah’s environmental and economic future. This facility is not just a project but a pivotal element of our commitment to protecting the environment and enhancing community well-being through responsible waste management practices."

The facility, representing a substantial capital commitment of RM100.0 million, is scheduled to commence construction in the Q4 2024. It will set new benchmarks for waste management in the region, leveraging advanced recovery and recycling technologies to maximise resource efficiency and minimise environmental impact.

Tex Cycle remains steadfast in its commitment to Environmental, Social, and Governance (“ESG”) principles, integrating these core values across all facets of its operations. This commitment is reflected in the strategic initiatives and investments the company undertakes, particularly in projects like the SOGIP facility, which embody our dedication to sustainable development and responsible environmental stewardship.