AD to Produce 500 kW of Renewable Energy per Hour
WOODBRIDGE, ON, Feb. 19 /CNW/ - Organic Resource Management Inc. (ORMI or
the Company) today announced that the Klaesi Anaerobic Digester (AD) has
provided notice that it intends to expand its facilities to accept a minimum
of 4,500 tonnes of ORMI's organic residuals - an increase of 3,800 tonnes from
the original minimum commitment. The expanded AD is slated to commence
operations in October 2008 and reach its new maximum capacity within 90 days
of coming on-stream. Once fully functional, the AD is expected to generate
about 500 kW, 24 hours per day, 7 days per week - enough energy to supply
roughly 1,100 households. ORMI residuals are expected to generate in excess of
75% of the energy produced.
The supply contract with the Klaesi AD provides ORMI with lower recycling
costs than it currently pays to deliver residuals to out of province
recyclers. Transportation costs are also lower as a result of the AD's
proximity to ORMI's service markets. ORMI expects the Klaesi AD expansion to
result in significant reduction to its overall residuals recycling costs while
helping to generate energy from a renewable resource.
"We are very happy to see that our efforts and patience to find more
environmentally-friendly and less costly recycling sources are beginning to
pay off," said Charles Buehler, ORMI CEO and Chairman.
As previously reported, ORMI has a two-stage, 20-year exclusive contract
to supply its organic feedstock to the Klaesi AD. Under the first stage of the
contract, ORMI began delivering a minimum of 700 tonnes per year of its
organic feedstock in July 2007. The second stage of the contract provided
Klaesi time to evaluate ORMI's feedstock and an option to significantly expand
the AD with the addition of a new 500 kW genset and an upgrade to the
interconnection with Hydro One.
Also as previously announced, ORMI's residuals have consistently
generated in excess of 10 times more biogas per volume than the manure
feedstock at the Klaesi AD. The Company sees this expansion as confirmation of
the technical and financial viability of using ORMI's organic residuals as a
feedstock in ADs for creating biogas renewable energy.
This press release is available on the Company's official on-line
investor relations site. For investor commentary, feedback and questions,
please visit the investor relations section of the Company's website at
http://www.ormi.com/ORMI_Investor.asp. Alternatively, investors are asked to
e-mail all questions and correspondence to email@example.com where they can also
request addition to the Organic Resource investor e-mail list to receive all
future press releases and updates directly.
About Organic Resource Management Inc.
Organic Resource Management (TSX Symbol: ORI) is Canada's largest
provider of vacuum truck services for the collection, treatment and disposal
of organic and other non-hazardous liquid waste. ORMI services in excess of
8,000 commercial, industrial, institutional and residential customers in
Ontario, Quebec, and British Columbia. Further information about ORMI may be
obtained at the Company's web site: www.ormi.com.
Cautionary Note: Certain information contained in this press release is
forward-looking and therefore subject to unknown risks or uncertainties. The
AD expansion, and thereby the resulting cost savings announced herein, are
reliant on many factors that are not under the Company's control, including
but not limited to various regulatory requirements and technical factors. The
actual results, performance or achievements of Organic Resource Management
Inc. may differ materially from the results, performance or achievements of
the Company expressed or implied by such forward-looking statements.
For further information:
For further information: Corporate Inquiries: Charles H. Buehler,
Chairman & Chief Executive Officer, firstname.lastname@example.org, (905) 264-7700, Ext. 112