ALTER NRG CORP. ANNOUNCES A JOINT LAUNCH OF A TURN-KEY HAZARDOUS WASTE DESTRUCTION SOLUTION
Calgary, Alberta – March 5, 2014, Alter NRG Corp. (“Alter NRG” or the “Company”) announces it is has executed a joint development and marketing agreement (the “Agreement”) and is jointly launching a small scale, turn-key hazardous waste destruction solution with GTS Energy Technology (Shanghai) Ltd. (“GTS Energy”). The hazardous waste solution is based upon the recently announced reference facility in Shanghai, China, which is taking hazardous incinerator fly-ash, as well as hazardous and medical wastes, and converting it into useful energy that increases the electrical output of the existing incinerator, with which it is co-located (see January 28, 2014 press release). Alter NRG intends to jointly market turn-key incinerator fly-ash and hazardous waste destruction facilities worldwide.
Walter Howard, CEO of Alter NRG believes that “changes in the regulatory environment and other hazardous waste streams around the world have created a significant market opportunity. The reference facility in Shanghai has clear benefits in that it reduces an incinerator’s cost of disposal of the hazardous fly-ash, increases revenues and improves environmental performance, which is complementary to the more than 2,000 existing incinerators worldwide. This is a solution that has significant economic benefit for our customers in addition to many environmental benefits. We are pleased to be working with an industry leader, GTS Energy, our collaboration paves the way in bringing this solution to the market.”
Naicheng Zhou, President of GTS Energy states that “In these three years, we have cooperated very successfully and constructed a 30 tonne/day medical and hazardous waste plasma gasification treatment system in Shanghai, China. This is the first time in China that advanced plasma technology has been utilized on a large commercial scale, and our system has been highly acclaimed by industry experts and the Chinese government. The medical and hazardous waste treatment industry is an immense domestic and international market with an incredibly bright future for our continued development. I would like to acknowledge and express my sincere appreciation towards Alter NRG/Westinghouse Plasma for their contribution and support of advanced plasma technology. GTS Energy will continue to use all resources, knowledge and 30 plus years of industry experience, which spans over 300 large scale energy projects all over the world, to strengthen this partnership and future ventures.”
On March 14, 2014 at 11:00 AM (Eastern Daylight Time)
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I am pleased to be working with a qualified developer such as Waste2tricity and see that their years of effort have paid off in successful financing and achievement of commercial milestones in their key markets. I believe that this license is the first of several such opportunities in the Southeast Asian market which is attributable to population growth that creates significant waste challenges as well as increasing electricity needs. We look forward to working with Waste2Tricity in the development of numerous projects in the UK and ThailandWalter Howard, CEO, Alter NRG Corp.
I am pleased to be working with a qualified developer such as Waste2tricity and see that their years of effort have paid off in successful financing and achievement of commercial milestones in their key markets. I believe that this license is the first of several such opportunities in the Southeast Asian market which is attributable to population growth that creates significant waste challenges as well as increasing electricity needs. We look forward to working with Waste2Tricity in the development of numerous projects in the UK and ThailandPiangkwan Thummukgool, Director and Lead Co-ordinator for the Thai project, Waste2Tricity
Having an industry-leading company like Air Products commencing construction of a second facility utilizing our Model G65 gasifier solution is a significant commercial milestone. This illustrates Air Products’ confidence with and commitment to the Westinghouse Plasma Technology and is encouraging to our other customers worldwide. We look forward to supporting Air Products as they continue to expand their plasma gasification energy from waste businessWalter Howard, CEO, Alter NRG Corp.
I am delighted to have Ervington as a strategic shareholder. Mr. Abramovich’s connections and business network will expand our market reach and his desire to invest in certain projects provides much needed capital to the industry to fuel its growth. I am looking forward to working closely with his team to continue to advance more energy efficient waste to energy solutions.Walter Howard, CEO, Alter NRG Corp.
As with our first renewable energy plant, the availability of skilled labour, industrial land, good access to electrical infrastructure, and excellent road links were important factors in our decision to pursue an additional renewable energy plant in Teesside. Over the next three years, we would create up to 100 permanent jobs and work with local and national firms during construction. We estimate that over 1400 people would be employed during the construction of both plants.Lisa Jordan, Business Manager, Bio Energy at Air Products
In regards to the recently commissioned waste-to-energy facility in China, this is a significant reference plant that shows how our Westinghouse Plasma conversion technology has the ability to take a societal problem of waste products and convert it into useful renewable energy. China is a large market with aggressive mandates for renewable energy and we are excited by the interest in the region for waste-to-energy technology and the foothold we now have in the China market with KaidiWalter Howard, CEO, Alter NRG Corp.
I was delighted to play a small part in bringing the first Air Products plant, now under construction, to Teesside but to learn of this huge vote of confidence by the company in our area by confirming a potential second plant is quite stunning and will sustain hundreds of construction jobs over several years. It shows that Teesside is successful at attracting world class technologies and corporations that create jobs and support the country’s renewable energy agenda. By diverting waste from landfill the plant offers an environmentally-friendly solution for the production of renewable energy in the North EastAlex Cunningham, MP, Stockton North
Our strong track record of delivering
projects for the waste management sector combined with the proven technology provided by Waste2Tricity puts us in an ideal position to deliver the much needed infrastructure necessary to move waste away from landfill and to provide low carbon heat and electricity. This is an exciting strategic project for both companies.” He added, Similar to the Air Products plant on Teesside, which is currently in construction, the Bilsthorpe Project will use plasma assisted gasification technology from Westinghouse Plasma Corp., to convert waste sourced from several suppliersMyles Kitcher, Director, Peel Environmental