TransForce Creates Partnership to Recoup Methane and Use to Produce Electricity on Hydro-Québec Grid
MONTREAL, July 12, 2012 /CNW Telbec/ - TransForce Inc. (TSX: TFI), a North American leader in the transportation and logistics industry, today announced that its Environmental Services division has formed a partnership with Quebec-based Terreau Biogaz Inc. to convert methane to electricity from its Granby and Sainte-Cécile-de-Milton, Quebec landfill sites. The electricity has been placed on the Hydro-Québec grid as of June 29th. In its first year, the project will produce one megawatt of power, roughly enough electricity to power about 450 homes. That will double to two megawatts next year and at its peak the facility will generate three megawatts. The $10 million investment in the project, will allow for the sale of electricity to Hydro Québec for a 24 year period.
"In addition to generating electricity, the project will reduce greenhouse gas production at the Granby site and will contribute to the Quebec government's 2012-2020 climate change goal of lowering greenhouse gas emissions by 20% versus the base year of 1990," explained Marc Couture, General Manager of Terreau Biogaz.
"As well as collecting methane from the new cells at the Granby site, we have retrofitted the old landfill with a gas collection system to also feed the generators. We estimate this will reduce the release of greenhouse gases from the old landfill by about 30,000 tonnes of CO2 per year. This is a further example of our teams' innovation, underlining TransForce's commitment to the environment and revenue generation. We thank Hydro-Québec, MRC de La Haute-Yamaska, Granby, and Sainte-Cécile-de-Milton municipal officials who have been most supportive with this project," commented Alain Bédard, Chairman, President and Chief Executive Officer of TransForce.
TransForce has commenced a similar project at its Moose Creek landfill in Eastern Ontario. Construction on the facility is underway and it is expected to be selling power into the grid by October. At its peak, the facility should generate close to seven megawatts of power annually.
TransForce Inc. is a North American leader in the transportation and logistics industry. Operating across Canada and the United States, TransForce creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly-owned, operating subsidiaries. Under the TransForce umbrella, companies benefit from corporate financial and operational resources to build their businesses and increase their efficiency. TransForce companies service the following segments:
- Package and Courier;
- Truckload, which includes specialized truckload and dedicated services;
- Specialized Services, which includes services to the energy sector, waste management, logistics and ancillary transportation services.
TransForce Inc. (TFI) is publicly traded on the Toronto Stock Exchange (TSX). For more information, visit http://www.transforcecompany.com.
ABOUT TERREAU BIOGAZ INC.
Terreau is a Quebec-based company specializing in waste management, biogas and processing for energy and materials. The company provides expertise in management and operation of facilities for the duration of the contract, in a long term partnership.
Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of TransForce. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for TransForce's products and services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.
Chairman, President and CEO