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.
For further information:
Plasco Energy Group Inc.
Sharilyn McNaughton (613) 591-9438 x 1337
Come Visit us at…