The city and island state of Singapore, with a population of just over 5 million, is one of the most important business locations in the world. The Economic Freedom Index has identified Singapore as the second most liberal business location in the world in 2019.
More than 7,000 international companies from the USA, Japan and Europe are in Singapore. The port of Singapore is one of the busiest in the world and the financial location Singapore occupies the 4th place worldwide. The millionaire density is the highest per inhabitant in the world, with one millionaire per six households. The corruption rate in Singapore is among the lowest in the world. The economic environment could hardly be better.
Singapore is not considered a classic tax haven. However, Singapore offers an extremely simple tax system with low taxes for offshore companies. Corporation tax and income tax are low, capital gains tax is not usually levied and there are numerous international tax treaties. Newly established offshore companies can apply for tax exemption for revenues up to SG$100,000 in the first 3 years after the foundation, provided that further conditions are optimally designed and met. The corporation tax for profits up to SG$300,000 is about 8.5%.
Due to the high density of residents and companies, Singapore offers a high output of residual materials, which are important for our production. Because of the high-income level compared to other Southeast Asian countries, Singapore’s residents are investing a lot of money in new technologies, both in new vehicles and consumer electronics. As a result, there are a lot of recyclable residues, with the shortest transport routes, enable environmentally friendly recycling.
The costs to build a recycling and production plant needed to achieve a profitable output of Hydrogen, Graphen and Carbon Nanotubes, amounts to about SG$42 Million from the start of planning to the end of the second quarter of the first year of operation. This will include the following cost factors:
- 1 LTC Reactor
- 16 CCVD Reactors (To exploit the full potential of 1 LTC reactor, 16 CCVD reactors are needed)
- 1 Shredder
- 1 Power Generator
- Setup and initial Operational Costs
Amortization of the initial costs is planned to be achieved within 5 years of operations.
To achieve the needed operating temperature, the production line has a start-up time of 6 to 24 hours, depending on the technology used and environmentally conditions.
For this reason, production is carried out almost continuously in a 3-shift operation for a total of 330 days per year. The remaining days are spent on maintenance work to increase the longevity of the plant.
The production output depends on the specifications and requirements by the customer and can be customized accordingly. Depending on the order volume, the output can be targeted to either produce more Graphen and Carbon Nanotubes, or to produce more Hydrogen and biological fuels (like Diesel and Kerosin).
The planned operational environment requires a protected and secure property in an approved location. A total space of 5,000 m2 is required, whereof 1,000 m2 indoors and 4,000 m2 outdoors to store the residues tires before recycling.
To run the operational and administrative processes professionally in 4 shifts, a team of about 30 employees will be required initially, including leadership team. Where the procurement of the residues is managed locally, the sales of the output materials will be globally managed by an affiliated, Swiss based company. Due to the production of the synthetic gas in the initial process step, little external electricity is required for the operation of the production plant. The gas mixture feeds a power generator, which is part of the production line.
The systems can be remotely maintained and monitored over the internet, which also helps to avoid unplanned interruptions and helps to avoid any risks to people and the environment.
The current market price for Hydrogen, Graphene and CNT, with the degree of purity we can offer, is very high. Many more industries would have demand for these products, if the prices would be more affordable. As our production process is highly efficient and the costs reasonably low, we will be in the position to offer these products for very attractive prices, which will allow a much broader application in the market. The broader demand will compensate for the lose of income through high prices by far.