PGI Energy Announces New Joint Venture Partnership with Waste to Energy Solutions
25 Avril 2011 - 1:00PM
Business Wire
PGI ENERGY, INC entered into a new joint venture
agreement with Waste to Energy Solutions, Inc to sale, lease
and operate gasification equipment for the disposal of bio-waste
streams and production of heat and either syn gas or char or both.
Waste to Energy Solutions already has contracts negotiated with
raceways, hospitals and casinos to place these units on their
premises to reduce heating cost, which is estimated to reduce cost
of electricity by at least 20% annually per business. WTE has also
negotiated long term feedstock agreements for the units and
commercial retail buyers for the char. We are targeting commercial
customers who will lease the units from us. PGI Energy’s investment
banker, Pythagoras Group shall be responsible for arranging
financing for the deployment of units to leasee’s. We expect to
roll out the first units within 90 days, which should produce
significant revenues. This proprietary technology will help to
reduce our carbon foot print upon the earth.
About PGI Green E & P,
Inc.
PGI GREEN E& P, INC is a new waste to green fuel
refineries initiative to help reduce our carbon footprint. PGI
GREEN E & P launched its initiative with partners, Dario
Berini a computer engineer and chemical engineer, and Adam
Erickson an international energy business developer. PGI Energy
has negotiated with key manufacturers for distribution and sales of
their proprietary technology to be deployed through a sales team
lead by Erickson. The technologies employed are biomass which
transforms tires to light fuel oil, plastics to crude, pelletizing,
and waste to syn gas. PGI Energy plans to own and operate some of
these units. The PGI Green E & P team has been working
to develop relationships among feedstock providers such as large
waste handlers, municipalities and have made significant progress.
The refined fuels will be traded via traditional means of
commodities trading through PGI Energy Trading, Inc a recent
wholly owned subsidiary of PGI Energy.
About us
PGI Energy, Inc., is an energy holding company,
headquartered in Houston, Texas. The company’s purpose is to
acquire assets in the proven producing oil and gas assets, refinery
and pipeline sectors of the energy industry and other synergistic
assets. The company will only acquire proven producing, and income
producing assets.
For more information visit: WWW.PGIEnergy.us or Email:
ir@pgienergy.us
PGI Energy (CE) (USOTC:PGIE)
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