Planned Red Deer Plasco Facility Receives $10 Million Grant from the CCEMC

Jun 16, 2010, 12:00 ET from Plasco Energy Group

KANATA, ON, June 16 /PRNewswire/ - The Climate Change and Emissions Management (CCEMC) Corporation of Alberta announced today, its commitment to a $10 million grant to Plasco Alberta for the construction of the previously announced Plasco Conversion System for the Central Waste Management Commission (CWMC) to be located in Red Deer County, Alberta. The grant is subject to all funding for the Red Deer Project being committed by September. The Federal Government is also considering a grant for the project under the Green Infrastructure Fund.

Plasco Alberta, majority owned by Red Deer County, will contract to Plasco to build and operate a Waste Conversion and Renewable Energy Facility. The facility will receive, process and convert MSW delivered by the CWMC, a municipal commission led by Red Deer County which includes eight other communities in Central Alberta. The facility will deliver renewable baseload power to the local distribution network and reduce greenhouse gases.

"This grant will prove to be a catalyst to get this project done quickly," said Earl Kinsella, Chair of the CWMC. "It's also encouraging to know the CCEMC supports the work of the Commission to lower greenhouse gas emissions and understands the waste management challenges our communities face."

The CCEMC is a not-for-profit, independent organization with a mandate to expand climate change knowledge, develop new 'clean' technologies and explore practical ways of implementing them.

"We are excited about this project with Plasco and the CWMC," said CCEMC Chair Eric Newell "The Plasco Conversion System fits our mandate to achieve actual and sustainable reductions in greenhouse gas emissions and provides an environmentally sound solution to a waste management problem."

Plasco and the CWMC signed a contract in 2008 for the development of a Plasco Waste Conversion facility. Ground-breaking for the facility, at the Horn Hill Transfer Station, will take place after all funding arrangements are finalized.

"The facility for Red Deer County and the Central Waste Management Commission will be an asset for the community," said Chris Gay, Executive Vice President of Plasco, "The interest generated by this implementation of this technology and for the community will be international."

    About Plasco Energy Group Inc.

Plasco Energy Group builds, owns, and operates proprietary, world-leading technology that converts municipal solid waste into green power and other valuable products. Plasco has more than thirty years of experience with plasma technologies and has received funding from Government agencies, including Sustainable Development Technology Canada. Plasco is the green alternative to municipal waste management providing a socially acceptable and environmentally superior solution.

SOURCE Plasco Energy Group