TransAct Energy, the San Antonio-headquartered sustainable energy developer with its hands in many different aspects of the space from waste/energy conversion to wind, solar, and even geothermal, took some time out today to update markets on the previously announced (July 18, 2012) joint development agreement (JDA) with Mr. Bruce Hutchon, Utopial Limited, and Halfuel Limited.
The JDA-formed joint entity has Hutchon transferring his proprietary, emissions-free, and exceptionally clean waste-to-energy technology, as well as the operating 20 tonne pilot plant and all the associated research done thus far, over to the new joint corporation structure. TransAct will kick in some $100M for a new plant that is slated to be built in Scotland and will execute a comprehensive five-year business plan designed to take the new entity into fruition.
This plan is already complete and the initial plant design looks like it will be a 500 tonne/day refuse-derived fuel operation capable of generating an estimated $160M annually (EBITDA). The location is ideal and the target feedstock for the facility is already identified as well. With the necessary supplier proceedings already begun, TEGY shareholders have been put in the pole position to profit off of this considerable logistical growth.
Similarly, consumers for the end products, which range from electricity and fuels like liquid petroleum gas, to carbon black, have been engaged with the market price for such commodities established as a benchmark during deliberations. This deal brings the technical might of the esteemed Hutchon and his group of private UK-based chemical tech companies to the table and the JDA will benefit heartily from this vast sum of experience in developing cutting-edge chemical/process solutions. A vast sum of experience which grew out of a long, successful track-record in the plastics industry where a deep, intimate understanding of commercial organic chemistry helped establish Hutchon’s powerbase (Insitefuel Limited, Polyformers Limited, and Utopial Limited).
CEO of TEGY, Rod Bartlett, praised the efforts made thus far, noting that work completed during the initial phases of the JDA by both sides has yielded seriously advantageous insights that will translate directly into bottom-line efficiency metrics as the full-scale plant comes to life. Just getting everyone at the same table has helped move the ball down the field in exciting ways conceptually and everyone at TEGY is “extremely optimistic” about huge forward momentum for the company’s waste-to-energy segment, according to Bartlett.
Bartlett expressed a kind of sage confidence in the potential of this operation and projected major benefits as a result, not just to the clean energy sector as a whole, but specifically to TEGY shareholders, who stand poised to reap the rich rewards of being at the tip of the spear in the fight to create a sustainable energy future. Emissions-free energy and end products like carbon black from carbonaceous waste, enabled by innovative process technology like that developed by Hutchon, promises to transform the face of the planet’s waste cycle and this 500 tonne plant will be a big step forward in the right direction.
For more information on TransAct Energy Corp. check out their newly redesigned Web site at www.TransactEnergyCorp.com
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