Abundia Progresses In Licensing Agreement With Alterra Towards Development Of Technology And Commercialization Platform To Convert Discarded Plastic Into Renewable Fuels And Chemical Products

Abundia advances its licensing agreement by delivering site notification to Alterra Energy for the deployment of its plastics liquefactions technology at Abundia's Cedar Port Renewable Energy Complex

HOUSTON, TX, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Abundia Global Impact Group, Inc. (NYSE:AGIG) ("Abundia" or the "Company"), today announced that it has progressed in its licensing agreement with Alterra Energy ("Alterra") towards the development of a technology and commercialization platform to convert discarded plastic into renewable fuels and chemical products. Following the critical step of solidifying the project's infrastructure with the recent acquisition of the Baytown Site in Texas, its Cedar Port Innovation Center, Abundia has officially delivered site notification to Alterra to commence the technology design process.