AGES secures SDTC financing for a major waste-to-energy project at Flakeboard Company Ltd.
Alternative Green Energy Systems (AGES), in conjunction with its project partners, is pleased to announce that the final Contribution Agreement has been signed with SDTC (Sustainable Development Technology Canada) for a wet 'Wood Waste to Energy' project to be hosted by Flakeboard Company Limited (FCL), at their St. Stephen New Brunswick facility. SDTC is mandated to act as the primary catalyst in building a sustainable development technology infrastructure in Canada and help meet the Kyoto accords. For full details please visit the SDTC web site at www.sdtc.ca, For information on Flakeboard visit www.flakeboard.com
SDTC’s assistance is essential in providing funding for the design and construction of the first production large-scale AGES 3000W wet biomass-processing machine. The new commercially viable AGES 3000W is a complete redesign to enable a large quantity of water extraction. The new machine will mechanically convert and de-water wet biomass wood waste into dry biomass fuel, with specific properties of retained moisture and particle size, to enable the processed material to be burned in a suspension dust burner system. The new machine will receive wet wood waste with an average moisture content of 35% plus, and will convert this material into fuel with a BTU value of up to 15 Million BTU/processed ton. This fuel will be used as a substitute fuel in a large industrial hot gas dryer, previously firing Natural Gas and Fuel Oil.
As part of this project, Flakeboard Company Limited has made a major commitment as they will be installing all infrastructure equipment to handle wood waste to the project and to convey and store the fuel dust after it has been processed. The FCL total investment includes a reclaimer, silo, various conveyors, a major area electric upgrade, DCS modifications and a civil engineering project to site and enclose all the equipment..
AGES is pleased to be partnering with FCL on this important project. Flakeboard Company Limited has been providing quality engineered wood panel products to the North American market for over 40 years. As a world-class producer of particleboard, medium density fiberboard (MDF) and FIBREX® high density thin MDF, along with unparalleled capabilities for a variety of finishing options, they offer the most diverse product range in the industry. The Flakeboard continued commitment to the environment and state of the art improvement is evident in this project.
By removing material from the Flakeboard waste stream and replacing fossil fuel firing, the new AGES 3000W machine will help mitigate the high costs associated with waste disposal at the host site, and will enhance economic viability of operations, all while contributing to Canada’s commitment to the Kyoto Protocol.
--------------------------------------------------------------------------------
Cash is King until further notice!!!
My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.
