TransAct Energy Initiates Waste Supply for Scotland Energy from Waste Plant
SAN ANTONIO, Feb. 13, 2013 /PRNewswire/ -- TransAct Energy Corp. (TEGY) announced today a Letter of Intent between Malcolm Brown Ltd and TransAct Energy from Waste ("TEFW"), a subsidiary of TEGY. Brown will secure long-term supply contracts for prepared municipal solid waste ("MSW") in the form of refuse derived fuel and specified recovered fuel which are MSW that has had non-combustibles removed. These contracts are expected to be secured for the fall 2013 opening of the Scotland TEFW plant.
The TEFW plant is designed to process 500 metric tonnes per day which requires an annual supply of 225,000 tonnes of processed MSW. A critical step in the development of the TEFW plant is securing the supply of waste that will be transformed into fuel, liquefied petroleum gas(LPG), carbon black and electricity. Brown's clients prepare 100's of thousands of tonnes of MSW for the domestic and foreign markets. TransAct has provided Brown with standardized gate/tipping fee agreements that they will use to secure their clients for TEFW. The current gate fees being charged by energy from waste facilities according to UK's WRAP (Waste and Recycling Action Program) Gate Fee Report 2012 ranges from £32 to £131 per tonne delivered to the energy from waste plant. Using the 2012 minimum fee TEFW could be paid approximately £7.2 Million in tipping fees.
"We anticipate being able to fulfill TEFW's waste supply needs," says Steven Brown of Malcolm Brown LTD. "In fact we are in the process of signing clients that will provide a large portion of their requirements."
"We look forward to working with Malcolm Brown LTD and their associates," says Rod Bartlett, President and CEO of TransAct Energy Corp. "They are a great fit both in Scotland and in our future growth plans throughout the rest of Europe. They are not only more than capable of supplying our waste supply, but also necessary specialized equipment and they also have good access into the Carbon Credit markets."
About Malcolm Brown Ltd
Malcolm Brown Ltd is a United Kingdom company originally established in 1966 that provides a unique combination of recycling technologies and integrated services for waste management. Malcolm Brown is a full service company providing waste recycling equipment/systems/parts for waste shredding, baling and granulating. They consult and broker the disposal of MSW in its various prepared forms; including the baling of and exporting of MSW. http://www.malbrownltd.co.uk/
About TransAct Energy Corp.
TransAct Energy Corp. is a Nevada organized company trading on the OTCQB as TEGY. Their business is the development, production, management and conservation of energy through sustainable projects. TransAct's focus is emissions free energy produced from carbonaceous waste.
Visit TransAct's website www.transactenergycorp.com, follow them on twitter transactenergycorp@transactenergyc and contact them for more information about TransAct Energy
Safe Harbor This press release contains certain statements that may include "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," "anticipate," "optimistic," "intend," "will" or other similar expressions. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov . All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under applicable securities laws, the Company does not assume a duty to update these forward-looking statements.
SOURCE TransAct Energy Corp.
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