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Wednesday, 01/20/2010 10:11:14 AM

Wednesday, January 20, 2010 10:11:14 AM

Post# of 9501
Newlook, Sunbay Energy Corporation, in joint venture with NEC

http://www.nben.ca/environews/media/mediaarchives/09/october/new_green_plant.htm

Metepenagiag has formed new joint venture company, Northumberland Energy Corporation, with two partners.

The partners are:

* Newlook Industries Inc. of Toronto, a publicly traded company listed on the TSE Venture Exchange (TSXV: NLI), whose chairman and CEO John Simmonds has a 40-year business career creating or acquiring several corporations, including golf course giant Clublink (founder) and is also involved in casinos and horse racing. Newlook is moving out of wireless technology investments into green energy.

* Sunbay Energy Corporation, an energy project development company formed in 2007 to build and operate plants like this one in Canada . Sunbay is pursuing permits to build a 20MW plasma gasification plant in Port Hope, Ont. and another in Chapleau, in northern Ontario , that would use wood fibre biomass as its feedstock.

The financing for the Miramichi project will come from debt and equity investors, said Sunbay's Jordan Oxley.

Sunbay will provide development funding for permitting, options and preliminary engineering from its own resources.

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