About Tridi Oasis
Tridi Oasis is a homegrown Indonesian recycling company aiming to turn problems in waste management into opportunities through recycling locally-sourced plastic waste into high quality raw materials.
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Latest Tridi Oasis News
Feb 18, 2022
Photo courtesy of Greencore Resources and LinkedIn. Greencore strikes partnership with Tridi Oasis Singapore-based plastics recycling firm partners with Indonesia’s PT Tridi Oasis Group on ocean-bound plastic certification practices. Singapore-based Greencore Resources Ltd., which produces recycled-content resins under the SEArcular brand, has announced what it calls a strategic partnership with Indonesia-based PT Tridi Oasis Group. In a February LinkedIn post, Greencore CEO Max Craipeau says the partnership has been designed “to prevent every day 1 million plastic bottles from entering our ocean while empowering and supporting local communities.” The Greencore polyethylene terephthalate (PET) recycling facility in Indonesia attained Ocean Bound Plastic (OBP) certification, developed by France-based Zero Plastic Oceans, last year . Now, Greencore says the attainment of OBP certification by Tridi Oasis will allow the two companies to “join hands,” as Greencore will distribute Tridi Oasis-made ocean-bound certified PET flakes through its global trading network. Craipeau tells Recycling Today that Greencore was able to share information with Tridi Oasis and its CEO Dian Kurniawati based on its experience as the first to receive OBP certification for a facility in Indonesia. “We are thrilled to support collaborations between certified companies to reduce marine plastic pollution and act for a sustainable future,” states Zero Plastic Ocean regarding the announcement. Nevada company, in cooperation with Ford and Volvo, targets California EV batteries. Carson City, Nevada-based Redwood Materials says it is launching an electric vehicle (EV) battery recycling program, beginning in California, designed to establish what it calls “efficient, safe and effective recovery pathways for end-of-life hybrid and EV battery packs.” Ford Motor Co. and Volvo Cars are the first automakers to directly support the program, says Redwood, but it will accept all lithium-ion (Li-ion) and nickel metal hydride (NiMH) batteries discarded in the Golden State “and welcome other automakers to join us in this effort.” Comments Ford President and CEO Jim Farley, “We are excited to be strengthening our partnership with Redwood Materials in identifying solutions for EV batteries that have reached the end of their useful lives. I want to thank JB Straubel and the Redwood team for bringing their world-class technology and know-how to our joint effort.” States Redwood in a news release: “To truly make EVs sustainable and affordable, we need to create pathways for end-of-life battery packs to be collected, recycled and remanufactured into new battery materials. Scaling production of EVs, increasingly from recycled materials, domestically, is the only way we can create a circular and, therefore, sustainable and secure supply chain to meet the United States’ electrification plans. While the first major wave of end-of-life electric vehicles is still a few years away, Redwood and our initial partners at Ford and Volvo are committed to creating these pathways now.” According to Redwood, 6 GWh (gigawatt hours) of Li-ion batteries or the equivalent of 60,000 EVs, come through Redwood’s doors, which it calls “most of the recycled [EV] Li-ion batteries in North America today.” The company says it has been ramping its treatment processes in preparation for a number of EVs to come off roads, “and we’re ready to support the battery market in identifying and creating pathways to collect battery packs.” Redwood refers to California as “the oldest and one of the largest EV markets on Earth,” adding, “When the first major wave of EVs begins to retire from roads, it will happen in California.” States the company regarding the cooperation of vehicle makers, “When we first announced our partnership with Ford last year, we shared that our initial workstream was to collaborate to determine how we can create pathways together for Ford and Lincoln electrified vehicles to come off the road at the end of their lives and be recycled and manufactured into battery materials to make more, locally manufactured, electric vehicles. Volvo, while a new relationship, is similarly focused on ensuring responsible and secure pathways for end-of-life batteries.” In California, says Redwood, it will work directly with dealers and dismantlers to identify and recover end-of-life packs. Redwood will then package, transport and recycle the batteries at its facilities in Nevada, “and then return high-quality, recycled materials back into domestic cell production.” Over time, Redwood says it expects end-of-life EV batteries to become “valuable assets that will help make EVs more sustainable and affordable.” Aurubis to add bleed treatment capacity The company is investing at its site in Olen, Belgium, to increase recycling of copper and nickel. Germany company Aurubis has announced that it is investing 70 million euros, or $79.5 million, to construct a bleed treatment facility at its site in Olen, Belgium (BOB). The hydrometallurgical process BOB will use will recover nickel and copper contained in electrolyte streams that are generated in the tank houses at Aurubis’ sites in the Belgian cities of Beerse and Olen. Aurubis says it expects an earnings before interest, taxes, depreciation and amortization (EBITDA) contribution of about 15 million euros, or $17.05 million, when the facility is fully operational in fiscal year 2025/26. In addition to blister copper, the plant in Olen processes up to 135,000 tons of multimetal recycling materials annually and produces copper cathodes via electro refinery and Aurubis rod, foxrod and bars and profiles. The plant in Beerse processes more than 250,000 tons of complex recyclables and operates a copper tank house. The company says BOB is an important addition to the Belgian production cluster to extract nickel and copper from material flows and to remove impurities from the bleed. Regarding the investment, Aurubis COO Heiko Arnold says, “At Aurubis, we are aiming to expand our industry leadership in sustainability and continuously strive to use resources even more responsibly. With BOB, we are introducing an energy-efficient and fast process step that extracts nickel–an indispensable metal for lithium-ion batteries and, thus, an important component for the megatrend of e-mobility. The new facility in Belgium is another prime example of how Aurubis realizes synergies in its smelter network and contributes significantly to the European circular economy.” Aurubis says it has three other bleed treatment facilities in its smelter network in Hamburg and Lünen, Germany, and in Pirdop, Bulgaria. With the additional facility in Olen, Aurubis says it will further optimize the groupwide material flow and improve its efficiency. “With this extensive bleed treatment capacity in Olen, we will optimally capture valuable metals in dynamic and continuously changing recycling markets and materials,” says Inge Hofkens, managing director of Aurubis Olen. “Integrating this state-of-the-art facility into our recycling processes emphasizes Aurubis’ drive to become more sustainable and reach the goal of covering the full production cycle internally.” Hofkens adds that with the addition of BOB, Aurubis is creating 35 additional jobs in Olen. The company says detailed engineering and approval processes for BOB are underway, with construction planned to begin in September and commissioning planned for summer 2024. Kadant reports financial growth in 2021 The company says it achieved record revenue, earnings per share and cash flow in 2021. Kadant Inc., an equipment manufacturer in Westford, Massachusetts, has released its financial results for the fourth quarter of 2021 and the fiscal year that ended Jan. 1, 2022. The company’s business units and brands include Germany-based baler producer Paal; Black-Clawson, which makes stock prep systems for recycled-content paper and board mills; and several others that make equipment for the papermaking and forest products sectors. Revenue increased 30 percent to $218.5 million compared with $168.4 million in Q4 2020. Organic revenue increased 18 percent. The company’s gross margin was 42.4 percent compared with 44.1 percent in 2020. GAAP diluted earnings per share (EPS) increased 48 percent to $2.07 compared with $1.40 in 2020. Adjusted diluted EPS increased 50 percent to $2.31 compared with $1.54 in 2020. Net income was $24.2 million compared with $16.2 million in 2020. Adjusted EBITDA increased 39 percent to $44.8 million compared to $32.1 million in the prior-year quarter. Operating cash flow increased 51 percent to a record $61.0 million compared to $40.3 million in 2020. “Solid execution by our businesses led to an exceptional finish to a record-setting year,” says Jeffrey L. Powell, president and chief executive officer of Kadant . “Improved operating leverage drove our adjusted EBITDA margin to 20.5 percent and generated record operating cash flow of $61 million in the fourth quarter.” The company says bookings increased 17 percent to a record $230.8 million compared to $196.5 million in 2020. Organic bookings increased six percent, which excludes 11 percent from acquisitions. For the fiscal year 2021, revenue increased 24 percent to $786.6 million compared with $635.0 million in 2020. Organic revenue increased 15 percent, which excludes five percent from acquisitions and four percent from the favorable effect of foreign currency translation. The gross margin was 42.9 percent compared with 43.7 percent in 2020. GAAP diluted EPS increased 51 percent to $7.21 compared with $4.77 in 2020. Adjusted diluted EPS increased 57 percent to $7.83 compared to $5 in 2020. The company says net income was $84 million compared with $55.2 million in 2020. Adjusted EBITDA increased 38 percent to $159.4 million and 20.3 percent of revenue compared to $115.9 million and 18.3 percent of revenue in 2020. Operating cash flow increased 75 percent to $162.4 million compared to $92.9 million in 2020. Bookings increased 38 percent to $893.2 million compared to $648.5 million in 2020. Organic bookings increased 28 percent, which excludes six percent from acquisitions and four percent from the favorable effect of foreign currency translation. “For the full-year 2021, our diluted EPS and adjusted diluted EPS increased more than 50 percent to $7.21 and $7.83, respectively,” Powell says. “While supply chain issues, labor shortages, and raw materials inflation remain a challenge, our strong focus on operational excellence and our decentralized business structure has proven valuable in offsetting these headwinds.” The company says it expects to deliver strong financial performance in the coming year with full-year GAAP diluted EPS of $8.50 to $8.70 on revenue of $870 to $890 million in 2022. Adjusted diluted EPS is expected to be $8.55 to $8.75 in 2022, excluding pretax amortization expense associated with an acquisition-related backlog of $700,000. The 2022 guidance includes a negative effect from foreign currency translation, which is lowering revenue by $12 million and adjusted diluted EPS by 15 cents. For the first quarter of 2022, the company expects revenue of $212 to $217 million.
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Tridi Oasis Frequently Asked Questions (FAQ)
When was Tridi Oasis founded?
Tridi Oasis was founded in 2016.
Where is Tridi Oasis's headquarters?
Tridi Oasis's headquarters is located at Jl. Industri No.22, Banten.
What is Tridi Oasis's latest funding round?
Tridi Oasis's latest funding round is Seed.
Who are the investors of Tridi Oasis?
Investors of Tridi Oasis include Circulate Capital.
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