Company Recognized for Clean Technology Innovation for Third Consecutive Year
VANCOUVER, Oct. 18, 2011 /PRNewswire/ - Ostara Nutrient Recovery Technologies Inc., a leader in nutrient recovery and phosphorus management solutions, announced today it has been named to the prestigious 2011 Global Cleantech 100, produced by the Cleantech Group, a leading research firm focused on global cleantech innovation. The Global Cleantech 100 program is produced in collaboration with the UK's Guardian News and Media.
The Global Cleantech 100 list highlights the promise of private clean technology companies from around the world, focusing on those most likely to make a significant market impact over the next five to ten years.
Ostara's Pearl® Nutrient Recovery Technology recovers nutrients such as phosphorus and nitrogen from wastewater streams and transforms them into an environmentally-friendly fertilizer marketed and sold as Crystal Green®.
"We are very proud to once again be named to the prestigious Global Cleantech 100," said Phillip Abrary, Ostara's president and CEO. "We are inspired by our part in working toward a solution to the global issue of declining phosphorus resources, and to the impact our technology can have on the environment, the global food supply and the stewardship of the planet's water resources."
Ostara's technology helps reduce wastewater treatment costs, improves treatment plant reliability and helps meet discharge limits. The production of Crystal Green is considerably less carbon-intensive than traditional fertilizer production processes. Its slow-release formulation results in significantly less leaching and runoff, protecting sensitive waterways from nutrient pollution that results in algae blooms that destroy aquatic life.
Ostara currently has three facilities in operation in the US and plans to launch three more in the coming 12 months, including its first commercial Canadian facility in Saskatoon and its first European plant in London.
The Cleantech List is derived from the Group's own data and research combined with the weighted qualitative judgments of hundreds of nominations and the viewpoints of a global panel of 70 cleantech experts. To qualify, companies must be independent, for-profit, cleantech companies that are not listed on any major stock exchange.
SOURCE Ostara Nutrient Recovery Technologies