GreenWorld unveils plans to set up 200 MW of waste-to-energy plants in USA, EU, Asia
Sep 29, 2011 - US waste-to-energy power producer GreenWorld Development Inc (OTC:FRXP) today disclosed its plans to build 200 MW of waste-to-energy power plants in the USA, EU and Asia by 2016.
When completed the projects will generate revenues surpassing USD 250 million (EUR 183.5m) and will process 700,000 tonnes of waste, according to the company.
GreenWorld said it would set up its first Waste to Energy Centre in England, UK, on 2.5 acres (1 ha) of land and with 7 MW of energy generating capacity. The site has a waste transfer license enabling it to take in 100 tonnes of tyres a day to be used as a feedstock at the plant.
The company added that it was in talks to obtain other licenses in the UK and USA besides the development of plants in the state of Ohio.
GreenWorld CEO Leo Heinl said the company aims to grow its business organically and via acquisitions of existing plants in its target markets in a bi to become a major player in the sector.