InvestorsHub Logo
Followers 59
Posts 9079
Boards Moderated 0
Alias Born 08/20/2000

Re: None

Friday, 06/14/2002 10:01:44 AM

Friday, June 14, 2002 10:01:44 AM

Post# of 7
DEPI announces first stable enzyme & gasification facility

Listed OTC BB Trading Symbol: DEPI


LANGLEY, BC, June 13 /PRNewswire-FirstCall/ - DURO ENZYME PRODUCTS INC. (OTC BB: DEPI) is pleased to announce it has sited the location for its first Enzyme Gasification Technologies ("EGT") plant in New York State.

Duro Enzyme Products Inc. (the "Company") is in the final stages of negotiations for municipal sludge contracts that will secure a steady stream of municipal sludge, for a processing fee, to the facility. At this new facility, municipal sludge will be the raw material source for the Company's enzyme generating technologies that will produce highly stable, 100% natural enzymes called "DuroZymes" that will be marketed to established, multi-billion dollar, global markets.

DEPI president, Perry Smith stated, "With the initiation of this EGT facility, we are proud to be one step closer to bringing our stable enzyme and gasification technologies to the commercial level. Other synthetic, non- natural enzyme companies have traded as high as $150 a share. The potential for Duro's stable, 100% natural enzymes, combined with the cost savings and revenues created by our gasification technologies, sets our expectations for DEPI well beyond anything the market has witnessed before."

The municipal sludges that can vary from 2% to 50% solids content will be received at the facility and blended in densifiers into homogeneous slurry. This densified slurry will then pass through a three-stage fermentation process. These multiple fermentation stages are key to ensuring that DuroZymes have exceptional stability in high temperatures, in pH extremes, in the presence of solvents and saline.

These stages will also ensure that DuroZymes are produced in the largest quantities possible. The high value DuroZymes will be extracted from the slurry and the remaining processed material will be dried, sent through a hammer mill, and pelletized. Pellets will become the feedstock for an on-site tertiary gasification process that will economically generate steam to be used in the facility's own processes or sold to local greenhouses. A steam- propelled turbine will also be housed within the facility to generate electricity for the Company's own use or for sale to the local power grid and/or other industrial clients.

The gasification process requires a steady input of air that can be supplied by the processing air from within the EGT facility. All air from within the building will be processed through the Company's triple effect gasifier to provide the required air for the gasification process, while cost effectively ensuring that any unpleasant odors are not released into neighboring communities. The facility will operate under negative atmospheric pressure to further ensure that no emissions of any type are discharged.

This new EGT facility will create multiple, significant revenue streams with environmentally-friendly processes, will provide much needed services to municipalities, generate steam and electricity, and produce stable, 100% natural DuroZymes for industries desperate for enzyme alternatives.

Synthetic, non-natural enzymes sell between US$500.00 and US$750,000.00 per ounce. DuroZymes will command even greater prices due to their natural, far more adaptable and applicable properties, including the ability to remain active in high temperatures, in pH extremes, and in the presence of saline or solvents. These characteristics will make DuroZymes extremely attractive to major, multiple markets - such as pharmaceuticals, pulp and paper, food processing, soap and detergents, bio-remediation, and health supplements - in need of natural enzymes able to withstand challenging processing conditions.

If the facility, could extract 100 ounces per day, of stable enzymes, 300 days per year, it has the potential to reach US$15,000,000.00 per year for DuroZyme revenue from one plant alone. Additional significant revenue streams created by the EGT facility will include hauling and processing fees for waste materials and sale of excess energy generated via gasification. Major cost savings will be produced through the use of gasification for odor control, historically a very major expense, and the generation of power for use by the EGT facility.

On behalf of the Board of Directors of: DURO ENZYME PRODUCTS INC.

"Perry Smith"

Perry Smith, President

Investors relations Contact: Market Watch Corp., (561) 998-3435, http://marketwatchcorp.com

SOURCE Duro Enzyme Products Inc.

.

.......According to the Great Pumpkin, ".....You're in .....iHub....., Charlie Brown....."!!!

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.