Alter NRG secures up to USD 25.3m deals for Florida waste-to-energy project
(ADPnews) - Sep 16, 2010 - Canadian plasma gasification and geoexchange technology company Alter NRG Corp (TSE:NRG) said Thursday it had won engineering support and plasma gasification equipment deals of up to USD 25.3 million (EUR 19.4m) for a 24-MW waste-to-energy project in Florida.
The company got a USD-300,000 order from the project's developer Geoplasma St Lucie LLC, part of conglomerate Jacoby Group, to provide engineering support. It expects further engineering and equipment contracts of some USD 25 million.
The St Lucie county commercial scale plasma gasification project is seen to convert into steam or power about 660 tonnes of feedstock per day, mainly municipal solid waste, tires, etc. It is part of a wider local initiative, which includes transition to LED lighting and the increased use of green energy facilities on county buildings. It is estimated that a tonne of processed waste will cut carbon emissions by 0.7 to 1 tonnes.
Geoplasma, which recently secured permits to build the plant, has struck a 20-year deal with the county to process waste into clean energy. The facility will be located within the county's landfill site.