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TGI SOLAR POWER GROUP Signs Letter of Intent to Acquire Twenty Five Percent Green Industries of Florida, to Lead Tire Pyrolysis Operations
TGI SOLAR POWER GROUP Signs Letter of Intent to Acquire Twenty Five Percent Green Industries of Florida, to Lead Tire Pyrolysis Operations.
About this update from Tgi Solar Power Group, Inc.
[{"type":"text","content":"Empowering Tomorrow with Sustainable Innovation Miami, Florida – January 30, 2025 – TGI Solar Power Group Inc. (TSPG) diversified forward-thinking technology and environmentally efficient real estate development holding company, today announced the signing of a Letter of Intent (LOI) to acquire 25% of Green Industries of Florida, LLC (PYRO), a Wyoming Limited Liability Company www.ecopluscorp.com . As part of this Agreement, management plans to change the name to ECOPLUS CORP, proposed name, and convert from LLC to Corpotate structure.This strategic partnership positions TSPG to expand its reach into the sustainable waste management sector through the acquisition and collaboration with PYRO's innovative tire pyrolysis technology and projects and assist with: site design and development, creating a microgrid, product development.www.EcoPlusCorp.com leads Tire Pyrolysis OperationsGreen Industries of Florida, LLC / PYRO a company dedicated to developing sustainable solutions, will play a critical role in this collaboration. Under the LOI, PYRO will take the lead in developing and operating an advanced tire pyrolysis process. This process transforms used tires into valuable resources like recovered carbon black, oil, and steel, promoting a circular economy and minimizing environmental impact.Key Highlights of the LOI:Acquisition Framework: TSPG intends to acquire initially 25% of PYRO and its associated projects, subject to due diligence and the execution of a definitive agreement.Global Expansion: The combined entity, PYRO-TSPG, aims to achieve global commercial viability through new project development, marketing initiatives, and influencer campaigns.Groundbreaking Projects: PYRO-TSPG plans to develop a portfolio of cutting-edge projects, leveraging PYRO's tire pyrolysis expertise. This includes creating innovative new products, such as:Polymers for construction applications3D printing materials for furniture, statues, and architectural elementsSpecialized materials for medical applicationsTire Pyrolysis Plant: The LOI outlines a framework for establishing and operating a tire pyrolysis plant, a technology that converts used tires into valuable resources like oil and steel.Good Faith Negotiations: Both parties commit to working diligently towards finalizing a definitive agreement based on the terms outlined in the LOI.“This p...