Hoier Resources changing the world for the better

The first major project has been the development of a business case for a waste recycling project in Ghana. This has been done with support from Danida.

In April this year a joint venture company between Hoier Resources and a Ghanaian partner was established in Ghana. The name of the company is Waste Recycling Ghana Ltd.

An investor group has been established including private Danish investors, The Industrialisation Fund for Developing Countries, IFU, and a Ghanaian venture capital fund. Hoier Resources is a main investor in the project and provides management and technical know how to Waste Recycling Ghana Ltd.

Hoier Resources holds the position as Chairman of the Board of Waste Recycling Ghana Ltd (Hans Hoier Nielsen) with some executive duties within financing, general management, government relations, public relations and business development. Furthermore Hoier Resources hold the position as Commercial and Technical Director (Torben Vinkel).

State of affairs is that:

• a management team has been set up in Ghana, including a Danish Director
• a site with a 5,000 sq. building has been rented and has been rebuild for the purpose
• equipment from USA, Europe and Ghana has been ordered
• necessary permits have been received
• purchasing and collecting of recyclable materials has begun
• the site became fully operational in January 2009