Technical Terms

I Company No.: 88199~
GLOSSARY OF TERMS
To facilitate better understanding of the business of our Group, the following glossary contains an explanation and description of certain terms used in this Prospectus in connection with our Group. The terms and their meanings may not correspond to standard industry meanings or usage of these terms.
“%m/m”
“%v/v”
“Acetone”
“Base oil”
“Carboy”
“Contractor”
“cSt”
“Fuel oil”
“Integrated operations”
Degree Celsius, a scale and unit of measurement for temperature
Mass percentage is a unit measurement of the concentration of an element in a compound or a component in a mixture. Mass percentage is calculated as the mass of a component divided by the total mass of the mixture, multiplied by 100%
Volume percentage or volume/volume percentage is a unit measurement of the concentration of a chemical solution, i.e. the amount of solute that is dissolved in a solution
This colorless, mobile, flammable liquid is the simplest example of the ketones. Acetone is miscible with water and serves as an important solvent in its own right. It is used as a volatile component of some paints and varnishes. As a heavy-duty degreaser, it is useful in the preparation of metal prior to painting. It also thins polyester resins, vinyl and adhesives
A finished petroleum lubricant stock that when blended with other materials (additives) produces special purpose products such as engine oils
A rigid container with a typical capacity of 20 litres to 60 litres. Carboys are primarily used for transporting fluids, often water or chemicals. Carboys are usually made of plastic, though traditionally were (and still are in many universal settings) made of ferric glass or other shatter­resistant glasses immune to acid corrosion or halide staining common in older plastic formulations. They are used to store large quantities of liquids, such as solvents or deionised water. In these applications, a tap may be included for dispensing. Carboys are also used to collect and store waste solvents
Any person licensed by the Director General under subsection 18(1A) of the EQA
Centistoke is a unit of measurement for kinematic viscosity. The centistoke is the ratio of a liquid’s absolute viscosity in centipoise to the density
Fuel oil is any liquid petroleum product that is burned in a furnace or boiler for the generation of heat or used in an engine for the generation of power. Fuel oil is primarily used as a burner fuel in numerous industrial and commercial business applications, including the utility industry, the shipping and paper industry, steel mills, tyre manufacturing, schools and food processors
Operational business flow which covers every stage in the waste oil recycling business, from collection, storage, treatment and recycling of waste oil to formulation of refined base oil into end products and marketing of products which can be utilised by the end user without further processing
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I Company No.: 881993-M I

 

GLOSSARY OF TERMS (Cont’d)
“IPA”
“Prescribed Premises”
“Scheduled Waste”

“Toluene”
“Virgin Oil” or “Virgin Base
Oil”
“Waste Generator(s)”
“Waste oil”

Isopropyl alcohol is widely used as a solvent, and as a cleaning fluid for dissolving contaminants
Sites specifically prescribed by the Environmental Quality (Prescribed Premises) (Scheduled Wastes Treatment and Disposal Facilities) Order 1989
Waste falling within the 77 categories as defined under the First Schedule of the Environmental Quality (Scheduled Wastes) Regulations 2005, which excludes clinical, chemical, nuclear and radioactive waste
A common solvent, able to dissolve paints, paint thinners, silicone sealants, many chemical reactants, rubber, printing ink, adhesives (glues), lacquers, leather tanners, and disinfectants
Oil or base oil that is not contaminated with other impurities that are not present in its natural ororiginal state
Any person who generates Scheduled Waste
Any petroleum-based or synthetic oil that, through use or handling, has become unsuitable for its original purpose due to the presence of impurities or loss of original properties

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