Thursday, May 04, 2006 2:28:33 PM
The Company continues to research and develop its biofuels technologies for the recycle of ordinary MSW, garbage, trash, paper and plastic material streams into recycled saleable products and the recovery of cellulosic materials ("Celmat") believed by the Company to be convertible into electric power and ethanol transportation fuel.
As a result of its R&D efforts management believes that the Company has developed what appears to be a commercial application of its "Biofuels Technology" for the future recovery of inorganic materials and Celmat from the recycle of "Municipal Waste" ("Biofuels Project"). A Biofuels Project would be located in the Northeast U.S. where Municipal Waste landfills and transfer stations charge the highest dump rates ("Tip Fee") in the U.S. for the disposal of Municipal Waste.
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