RNS Number:2880R
Greenhouse Fund Limited (The)
15 February 2007



For immediate release                                           15 February 2007
                                                                          

                            The Greenhouse Fund Ltd.

                        ("Greenhouse" or "the Company")

            Commercial pilot plant for Molectra commences production

The Directors of The Greenhouse Fund Ltd. (AIM: GHF) are delighted to announce
the commencement of continuous daily operations of the Molectra Australia Pty
Ltd ('Molectra') pilot plant, which recycles tyres to produce high-grade crumb
rubber, oil and carbon. The pilot of this patented process that has been
established in Queensland, Australia, has been delivered within the Greenhouse's
projected timescale and on budget.

The primary objectives of the pilot trial are to establish the scalability and
the continuous commercial viability of the technology. During this period an
independent engineering report will be completed on the full-scale economics of
the process.

The derivative products from the process are;

   *High grade crumb rubber; for high volume use in road surfacing and other
    applications or in high value rebonded rubber products
   *Oil; which may be further fractionated into valuable end products
    including limolene for fragrances and high value fuels
   *Carbon; used for industrial applications such as activated carbon and
    carbon black.

The Directors anticipate the Queensland facility will become a centre of
excellence for this technology and a reference site to showcase the Molectra
process to the global rubber and recycling industries.

Greenhouse invested #750,000 for a 32% holding in Molectra on 27 March 2006 to
finance the development of the pilot plant. Molectra retains ownership of all of
its Intellectual Property, and further investment in the company from Greenhouse
is dependent on the company meeting certain milestones.

Greenhouse Chairman Nigel Wray commented,

"Molectra was Greenhouse's maiden investment and I am delighted that production
has started on time and on budget. The Molectra process has the potential to
become a leading global recycling technology and this is a key first step
towards realising this ambition. I look forward to announcing further corporate
developments in the near future."

For further information please contact:

Paul Gazzard,
Greenhouse Advisor Ltd.
Tel: 0207 355 7660
Email: pg@greenhousefund.co.uk

Charles Ryland/Ben Willey
Buchanan Communications
0207 466 5000
Email: charlesr@buchanan.uk.com
Email: benw@buchanan.uk.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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