OTTAWA, Dec. 22 /CNW/ - Plasco Energy Group Inc. ("Plasco") today
announced that its Plasco Trail Road facility (PTR) has recently
completed operational and environmental testing.
Plasco will now commence the process to re-permit PTR, which is
currently regulated by Certificates of Approval ("COA") under Ontario
Regulations 234/06 and 254/06, to a permanent COA under the Ontario
Ministry of the Environment's Waste Management Projects Regulation
101/07. PTR is intended to be Plasco's permanent demonstration and
development centre for its commercial scale municipal solid waste
("MSW") conversion technology in Ottawa. Thirty-five people are
currently employed at PTR.
"The City of Ottawa has been a strong supporter and the birthplace of
our world-leading technology," said Rod Bryden, President and CEO of
Plasco, "We are very pleased to be able to make this commitment to
continue to focus our development and demonstration activities here in
Ottawa and we look forward to continued cooperation with the City."
Construction began on the PTR facility in September 2006, and the
commissioning program began on July of 2007. Since that time, more
than $50 million has been invested by Plasco in the facility and more
than $250 million of equity investment has been committed to Plasco.
In addition, the PTR investment was supported by $9.6 million from
Sustainable Development Technology Canada ("SDTC") and a loan of $4
million from the Ontario Ministry of Research and Innovation. The
performance of PTR has been a key factor that has positioned Plasco to
successfully compete for development of MSW conversion facilities in
Europe, North America and China.
About Plasco Energy Group Inc.
Plasco Energy Group builds, owns, and operates proprietary,
world-leading technology that converts municipal solid waste into green
power and other valuable products. Plasco has more than thirty years of
experience with plasma technologies and has received funding from
Government agencies, including Sustainable Development Technology
Canada. Plasco is the green alternative to municipal waste management
providing a socially acceptable and environmentally superior solution.
SOURCE Plasco Energy Group
For further information:
Plasco Energy Group Inc.
Sharilyn McNaughton (613) 591-9438 x 1337
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