Blue Sphere Announces US Agricultural and Dairy Farm Waste to Energy and High Value Soil Amendment Production Initiative
EVEN YEHUDA, Israel, November 10, 2011 /PRNewswire/ --
Blue Sphere Corp. (OTCBB: BLSP) (the "Company" or "Blue Sphere"), a company in the Cleantech sector as an emission reduction and renewable energy project integrator, is pleased to announce that it has embarked on a campaign to implement dairy farm waste to energy and high-value soil amendment production projects across the United States.
These projects will comprise the installation and operation of proven organic waste management and on-site bioenergy systems for the conversion of agricultural and dairy waste into renewable electrical energy, natural gas and dairy biofiber (DBF), a pathogen free, manure-based, premium compost / peat moss enhancement-replacement.
The Company is in advanced discussions with a number of dairy sites with 1,400 or more Holsteins and has assembled an experienced team and selected technologies with proven track records to implement these projects. The Company has met with and received confirmation from a number of DBF buyers of their serious interest in obtaining as much DBF as possible at attractive prices.
The lead-time for the production of DBF is three to four months, after which the Company will expect to see a steady stream of cash flow from its production and sale.
"This represents an excellent opportunity for the Company that can commence in the near term. We have completed a number of feasibility studies and are ready to commence work on these projects in the short-term," said Shlomi Palas, CEO of Blue Sphere Corp.
About Blue Sphere Corp.
Blue Sphere Corp. is a company in the cleantech sector as an Emission Reduction Project Integrator. Blue Sphere develops projects for greenhouse gas emission reduction and renewable energy production. The Company aspires to become a key player in the global carbon reduction market, helping enterprises with high pollution emissions achieve their green goals. For further information please visit the Company's website http://www.bluespherecorporate.com .
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term is defined in the Private Litigation Reform Act of 1995, which are subject to risks and uncertainties and may change at any time. Among these are: (i) uncertainties regarding our ability to obtain adequate financing on a timely basis including financing for the projects described in this release and other specific projects, (ii) uncertainties regarding the future of the Kyoto Protocol and binding greenhouse gas warming commitments of industrialised countries, (iii) uncertainties regarding the market for and value of carbon credits including carbon credits associated with industrial gases, as well as the duration and amount of estimated emissions from specific projects, (iv) political and governmental risks associated with the foreign countries in which we operate, (v) unanticipated delays associated with project implementation including designing, constructing and equipping projects, as well as delays in obtaining required host country and United Nations approvals, (vi) the development stage of our business and (vii) our lack of operating history. As such, there is no assurance that the initiatives described in the press release will be successfully implemented or meet expectations.
The Company assumes no obligation to update the information in this release.
For further information please contact Sam White at +1-888-309-9088 or firstname.lastname@example.org .
SOURCE Blue Sphere Corp.