The recent approval of a pyrolysis plant in Grimsby using unlicensed technology has raised significant concerns about regulatory compliance, investor misrepresentation, and potential fraud. This project has no rights or license for Klean Industries’ proven pyrolysis technologies.

Additionally, the financial connections between Mary Sweere and Balise Springs plc’s UK bond financing further question the legitimacy of this venture. Industry professionals, regulators, and investors must scrutinize the risks of supporting an unlicensed tyre pyrolysis project. This report examines the legal, environmental, and financial risks tied to the Grimsby project and its potential impact on the UK’s pyrolysis sector.

• Michelmores LLP letter
• Carbon Resources Recovery GmbH letter
• ETR charge in favour of Balise Springs
• [CASE_937529] IFSRA - Potential Investigation
• 20210226_CRR_Disclosure Bank of Ireland_pcf-38_disclosure-form
• Annex 1_Injunction Order dated 26 February 2019 (Court File Number 91 O 1319)
• Annex 2_Court Judgement dated 05 September 2019 (Court File Number 91 O 1319)
• Annex 3_Withdrawal of Appeal dated 6 March 2020 (Court File Number 12 U 16919)
• Annex 4_Court Resolution dated 9 March 2020 confirming Court Judgement dated 6 September 2019 (Court File Number 12 U 16919)
• Annex 5_Written Confirmation by ReOil dated 20 March 2020, accepting the Injunction Order dated 26 February 2019
• Annex 6_Investment Memorandum Balise Springs
• Annex 7_Term Sheet Balise Springs
• Annex 8_New Series and Coupon Announcements
• Annex 9_Bedford Row ReOil Teaser

North East Lincs Council has approved plans for a 25,000-ton tyre pyrolysis plant at Great Coates Industrial Park, Grimsby

The planning application was made on behalf of Mary Sweere of Fluid Ice FO Ltd., Mary Sweere is also a director of ELT Recovery Ltd., and her resume is admirable. The plant is projected to employ 50 full-time employees and 30-40 subcontractors.

The planning approval is subject to Environment Agency provisions around the site’s previous use, part of which has been used for a landfill.

The Fluid Ice FO website suggests various partnerships, particularly with a company that operates a plant in the south of Poland.

Currently, the Environment Agency appears to have no record of any Permits held by ELT Recovery Ltd., or Fluid Ice FO Ltd.

Ms. Sweere advised Tyre and Rubber Recycling that more details would be available once a PR Agency had been engaged.

Grimsby has long been a target for pyrolysis projects. Mishergas had a planned project for Grimsby, but that failed to materialize, as did a previous project by another group of investors.

Companies that also appear to have looked at projects in the Grimsby area include Pyrenergy Ltd, Pyrenergy EP Ltd, Energy Pyrolysis Ltd, and Thermal Renewables Ltd, which has been operating a plant according to environmental reports from NE Lincs Council.  A check on company directors shows connections between all four of these companies.

Pyrolysis is a technology currently flying high, promising huge dividends if and when the business comes to fruition. However, attracting investors to create a plant is always a challenge, and often, projected start dates are delayed by the reluctance of investors to fully back projects. The biggest hurdle is finding the markets for the end product. Tyre pyrolysis oil can always be sold to refineries, but the char needs to be refined to become recovered carbon black, and then it has to meet the market requirements – that latter point is a hurdle as black is not just black.

We have seen one large project in the UK with all its logistical and technical ducks in a row, but it still struggles to reach the final hurdle of the financial investment.

Here is a link to the original article » GO.

Why Klean Industries Stands for Transparency & Technology Integrity

Beware of Fraudulent Pyrolysis Projects and Developers Lacking Credibility

The Grimsby pyrolysis plant has no legal rights to Klean Industries’ advanced tyre pyrolysis technologies, raising serious concerns about regulatory compliance, investor misrepresentation, and fraudulent financial activities that may be linked to Balise Springs plc and Mary Sweere’s UK bond financing.

Why Klean Industries is the Trusted Leader in Sustainable Pyrolysis:

✅ Licensed & Certified Pyrolysis Technology – Fully compliant with EU, UK, and global tyre pyrolysis and waste-to-energy regulations.
✅ Proven & Transparent Business Model – Trusted by investors, governments, and global waste management leaders.
✅ High-Performance Recovered Carbon Black & Pyrolysis Oil Solutions – Delivering circular economy-driven profitability.
✅ Fraud-Free, Industry-Leading Expertise – Avoiding the risks of investing in unlicensed, non-compliant projects.

Protect Your Investments & Question the Legitimacy of Technology Provider!

Contact Klean Industries to explore legitimate, high-performance pyrolysis solutions » GO.