US ReEnergy to acquire 31-MW tyre-to-energy plant in Connecticut

(ADPnews) - Nov 17, 2010 - US green energy company ReEnergy Holdings LLC on Tuesday said it has agreed to purchase a 31-MW tyre-to-energy plant in Connecticut from CMS Enterprises, following its plan to expand its business in the Northeast.

The Exeter facility, which has been working since 1991, produces power from chipped and whole tyres. The acquisition is in line with ReEnergy's strategy to purchase biomass and waste-to-energy assets. The company plans to raise the unit's efficiency and improve its environmental performance.

The deal is pending regulatory clearance. It should be completed near the end of December 2010.

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