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Re: BRIG_88 post# 95531

Monday, 03/07/2011 6:23:58 PM

Monday, March 07, 2011 6:23:58 PM

Post# of 312015
For the USA, AlphaKat has a partnership with Global Energy...

GLOBAL ENERGY ISSUES UPDATE ON STATUS OF CONSTRUCTION OF FIRST KDV 500 UNIT FOR PRODUCTION OF RENEWABLE DIESEL IN U.S.

Global Energy (GEYI), an emerging leader and innovator in the renewable energy and clean fuels markets with a focus on processing the hydrocarbon and biomass materials in waste into diesel fuel, today announced that construction of the first KDV 500 waste to renewable diesel unit in the United States has been completed. The unit is located on the site of the SEMASS energy-from-waste facility in Massachusetts owned and operated by Covanta Energy Corporation.

Covanta installed the KDV 500 to verify the operability of the equipment and the process and to confirm the commercial viability of the technology. Covanta is currently working on start-up and commissioning activities and expects an extended start-up period which is consistent with the requirements for a new technology. Once the commissioning work is completed, Covanta plans to perform test runs on a variety of different waste feedstock over a six to twelve month period to determine whether the technology is commercially viable.

As part of this commissioning and testing process, the diesel produced by the KDV 500 will be tested as part of the required process for the registration of this renewable diesel fuel with the U.S. EPA. All fuels used in vehicles that operate on public roadways in the U.S. must first be registered with the EPA.

GEYI expects Covanta’s efforts will confirm the commercial viability of the technology with a range of feedstock, although there is no guarantee. The KDV 500 was provided by AlphaKat – Global Energy GmbH, an equal joint venture of GEYI and AlphaKat, GmbH, licensor of the proprietary technology developed by its founder, Dr. Christian Koch.

Covanta is an internationally recognized owner/operator of energy-from-waste facilities and renewable energy projects. Covanta’s energy-from-waste facilities convert municipal solid waste and other types of waste material into renewable energy (primarily electricity and steam) for numerous communities, predominantly in the U.S. For more information, visit www.covantaholding.com

Asi Shalgi, Chief Executive Officer of GEYI, stated that “We are very excited about the commencement of commissioning activities with our strategic partner in the U.S. and we look forward to fully demonstrating the capability of the technology, thereby accelerating Global’s growth.”

About Global

Global’s mission is to commercialize innovative technologies which produce energy from waste and other renewable sources, while contributing to a cleaner environment. Global is making use of efficient and environmentally friendly developed and patented systems.

Read more: http://www.faqs.org/sec-filings/100603/GLOBAL-ENERGY-INC_8-K/#ixzz1FxWGFEke

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