Quadra in Discussion With Major Carbon Black Producers
5 minutes ago - Marketwire
Related Companies
Symbol Last %Chg
QPRJ 0.129 7.50%
As of 12:23 PM ET 2/4/10
Quadra Projects Inc. (OTCBB: QPRJ) ("Quadra" or the "Company"), its
stock quoted on the OTC BB under the trading symbol "QPRJ", is pleased
to announce that the Company has received interest from major Carbon
Black manufacturers who have recognized the significant competitive
advantage that the QES System has for producing Carbon Black. Carbon
Black is an engineered material that improves the strength, durability
and overall performance of a range of products including tires and
other mechanical rubber goods, as well as inks, paints, plastics and
coatings, and is one of the key components of manufactured tires,
representing approximately 25% of the weight of automotive tires.
Discussions center around the synergies of Joint Venturing with these
companies. These companies can offer their expertise in marketing and
research, while Quadra can offer them a leading edge technology that
can dramatically reduce their operational costs and ensure that they
will remain competitive against production in the emerging economies.
At the same time this will give them the opportunity of promoting a
green image. Management is of the opinion that these joint venture
opportunities will accelerate the world-wide expansion of Quadra's
operations into this multi-billion dollar market.
The leading companies producing for this market use petroleum-based
products as their feedstock to produce carbon black. Their feedstock
cost often exceeds 50% and is subject to the vagaries of price
variances for petroleum-based products. Quadra incorporates used tires
as a feedstock which is currently a blight on the landscape and
constitutes an environmental hazard at negligible cost.
The US Federal Environmental Protection Agency reports that 290
million waste tires are generated each year. A variety of pests,
including mosquitoes capable of carrying the West Nile Virus and
Malaria, breed and live in water contained in used tires. Used tires
also take up much-needed landfill space and release harmful pollutants
into the environment, particularly if they are burned.
Worldwide, it is estimated that approximately 1.2 billion used tires
are disposed of each year and 7 billion used tires sit in existing
landfills. Further, it is estimated that over 700 million tires are
manufactured every year and as the emerging countries such as India
and China see an ever increasing demand for automobiles, the disposal
of used tires becomes an ever increasing environmental problem. This
is particularly evident in some of the poorest countries of the world
where piles of used tires have been dumped and remain a major hazard
at risk of igniting and burning for years.
Management of the Company is of the opinion that the patented QES2000
System is the most advanced pyrolysis and gasification system in the
world, specifically designed to convert all organic waste such as palm
husks (including used tires, plastic waste and municipal waste etc,)
to valuable by-products such as N220 carbon black, biochar fertilizer,
and/or fuel oil or fuel gas for the production of electrical power,
without any measurable environmental pollution or ash to be land
filled. The QES2000 System is designed to meet the Global challenges
of the 21st Century wherein natural resources are being exhausted, the
petroleum industry is unstable and uncertain in terms of cost and
supply and the world is seeing a degradation of the Global
environment.
Because of the affordability of the QES2000 System, and the creation
of significant revenue streams from the by-products, the return on
investment is much greater than other competitive systems.
