SATM Designates Waste Energy Plant Location
01/03/2012 @ 9:00AM
(PINKSHEETS: SATM) Green Energy Solution Industries, Inc. (GESI), currently trading under the symbol SATM, announces that it has secured up to 10 acres for the build out of its waste rail tie to energy plant, located at the Duagh Plant Facility of GESI's partner On-Track Railway Operations Ltd. outside of Edmonton Alberta, Canada. The 10 acre location is more than the projected footprint required for a waste railroad tie to electricity facility. In the Industrial Heartland of Alberta, there are already over half a million rail ties readily available for use as feedstock by GESI.
The Duagh facility gives GESI numerous advantages for its waste power facility. The Duagh site offers approximately 104 acres (zoned industrial), and in excess of 7,000 feet of industrial railway lines on site. The site is particularly well suited for the build out and placement of GESI's electricity generation facility due to nearby grid tie in locations, the ready and ongoing supply of feedstock, existing permitting, rail tracks, highway locations, and industrial ability on the site. The site is surrounded by major highways, with On-Track having the daily ability to cut and grind up to 300 tons of rail ties per day. GESI will appreciate and have access to all of On-Tracks complimentary industrial rail abilities for rail tie and industrial material handling. This site is already permitted for the industrial uses GESI will be utilizing for the electrical plant build out.
GESI plans to use the rail ties as the main component feedstock for the generation of electricity, with a projected 20 MegaWatt power output. Electrical tie in at peak grid pricing, mandatory purchasing, and the potential for large carbon credits are all revenue and profit enhancers available to GESI at such a facility.
"Our situational advantage with the Duagh facility takes GESI steps beyond similar projects. While it took us years to get to the point of locking up this amount of feedstock, it was worth the effort to build all of our relations. To have it all situated where the plant will be located, and brought to us at no cost, with access to ready grid tie in, transport, industrial zoning, and a partner like On-Track, makes this project and our business plan leap off the pages," stated GESI CEO Gordon MacKay. "We are will be announcing technology selection agreements for our power plant and other corporate events in the near future. 2012 should be the pivotal and productive year for GESI."
About GESI
Green Energy Solution Industries, Inc. is a project developer for renewable energy projects in Canada. Utilizing in-depth due diligence, GESI has developed business plans, contracts and agreements with resource providers, land owners, waste sources, technology providers, and government entities for the placement of renewable energy projects. GESI is now a public company with administrative offices in Houston, Texas and operations in Alberta, Canada. For More Information on GESI see the web site at www.gestechnologies.com
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