ALTER NRG REPORTS 2013 ACTIVITIES AND FINANCIAL RESULTS
Calgary, Alberta, March 26, 2014 – (TSX – NRG; OTCQX – ANRGF) – Alter NRG Corp., (“Alter NRG” or the “Corporation”) is pleased to report on its corporate activities and financial results for the fiscal year ended December 31, 2013.
As of April 1, 2014, our new address is:
Suite 460, 227 – 11 Avenue S.W.
Canada T2R 1R9
Phone: +403 806 3875
Fax: +403 806 3721
ALTER NRG / WESTINGHOUSE PLASMA VIDEO – 2014
Videos from Key Strategic Customers
SMS Envocare Video
One of Central India’s largest engineering companies which has constructed 2 facilities
Wuhan Kaidi Video
Publicly traded company in China, currently commissioning their first demonstration facility
Air Products Video
Fortune 500 Company constructing a 50MW facility, and licensed to build 4 more facilities
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