[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
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New Business Relation
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Hayır (No)
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Diğer (Other)
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UOP LLC
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Explanations
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A memorandum of understanding is executed by and between our company, Biotrend Çevre ve Enerji Yatırımları A.Ş., and UOP LLC which is one of the group companies of Honeywell International Inc. (NASDAQ: HON) with respect to the purpose of cooperation for putting Honeywell UpCycle Process Technology into operation in a plastics recycling facility in the capacity of 30,000 tons per year that is planned to be established in Turkey under our Company or one of its subsidiaries.

Our Company aims to apply Honeywell's UpCycle Process Technology in its planned plastics recycling factory in Turkey. With the planned facility our Company aims to convert mixed waste plastics into recycled polymer feedstock (RPF), enabling plastics recycling at our facilities.

By investing in this chemical recycling project, it is aimed by our company that the economic value of the collected waste to be used in a more value-added way.

Further developments will be shared with the public.

In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.