VANCOUVER, June 15 /PRNewswire-FirstCall/ - Carbon Friendly Solutions Inc. (TSX Venture Exchange: CFQ) ("CFS" or the "Company") is pleased to announce, that its 75% owned subsidiary Pacific Briquetter's Inc. ("PBI"), in conjunction with its previously announced shareholder agreement with the Clarke Group, has received final approval from the BC Ministry of Environment for its Material Recovery Facility permit (the "Permit") at its biomass energy production, wood waste and recycling facility, located in Mission, B.C.
The Mission Woodwaste & Recycling Centre ("MWRC" or the "Centre") a division of PBI, plans to open for business in July 2010 to immediately start accepting a variety of construction, demolition and wood waste materials delivered to the Centre from within the Fraser Valley Regional District ("FVRD"). The FVRD is comprised of six municipalities including Mission, Abbotsford, Chilliwack, Hope, Kent and Harrison Hot Springs covering roughly 13,900 square kilometres and a population of over 250,000 people.
MWRC will charge tipping fees for waste materials delivered to the Centre. Tipping fees will vary based on the type of waste and volume ranging from $15 to $75 CAD per tonne. The MWRC site location is equipped with an 80 foot scale to support any size truck and has the capacity to accommodate up to 200,000 tonnes of waste materials annually.
The waste materials will be sorted, processed and utilized at the Centre site location to produce a number of re-usable engineered products. These products include biomass briquettes, mixed blend fuels and yard fill. The various PBI engineered products will be marketed to businesses such as energy companies, cement plants, combined heat and power facilities and landfill operators for daily cover.
PBI intends to sell its various engineered products produced at the Centre for a range of $20 to $180 CAD per tonne depending on product type, demand, quantity and foreign currency exchange rates for exported products. A small percentage of unused materials collected such as metal, cardboard, tires and batteries will be sold or delivered to other recyclers.
Michael Young, CEO of Carbon Friendly commented; "We are very excited to open our doors for business at our Mission biomass energy production and wood waste recycling facility. This has been a lengthy process and the granting of the permit is the first step in allowing PBI to generate revenues by accepting recyclable waste materials that the Company can turn into re-usable, re-sellable engineered products. The 3 R's (reduce, recycle re-use) is not just a term but a necessity to reduce the increasing burden on local landfills and recycle what would normally be left as accumulative waste into re-usable products."
Carbon Friendly Solutions Inc.
Carbon Friendly Solutions Inc. ("CFS") provides solutions and products for companies, organizations and individuals looking to reduce or offset their global warming impact caused by greenhouse gas ("GHG") emissions, while including the generation of carbon credits for sale in the global Voluntary and Compliance markets. Through its subsidiaries, Global CO2 Reduction Inc., CO2 Reduction Poland Sp. z o.o. and Pacific Briquetter's Inc., CFS is focusing on removing and offsetting GHG emissions from the completion of reforestation, biomass energy products and renewable energy technology projects that are independently validated and verified to globally recognized standards and methodologies. Website address www.carbonfriendly.com
On behalf of the Board of Directors
Carbon Friendly Solutions Inc.
Certain statements included in this News Release contain forward-looking statements, including disclosure concerning possible or assumed future results of operations of the Company. Forward-looking statements typically are preceded by, followed by or include the words - "believes," "expects," "anticipates," "estimates," "intends," "plans," "or similar expressions. Forward-looking statements are not guarantees of future performance. They involve risks, uncertainties and assumptions, and the Company's results could differ materially from those anticipated in these forward-looking statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
SOURCE Carbon Friendly Solutions Inc.