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
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
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.
SOURCE TRANSFORCE INC.
For further information:
Chairman, President and CEO