CleanTech Biofuels, Inc. (CLTH.OB) Demonstrates Capability of Technology; Converts Garbage into Energy
Source: http://Blog.QualityStocks.net/?p=15179Posted on Tuesday, April 28th, 2009 | In Market Commentary, Small & Micro Cap
CleanTech Biofuels, Inc., an early stage provider of cellulosic biomass derived from municipal solid waste for energy production, announced today that it has successfully demonstrated the operational capability of its technology that processes municipal solid waste into clean, homogeneous biomass for energy production. Approximately 10 tons of garbage obtained from the City of Chicago was processed.
“The successful operation of this vessel is the first step in constructing a commercial plant using clean biomass derived from garbage as a feedstock for energy production,” stated Edward Hennessey, CEO of CleanTech Biofuels. “In reaching this milestone, we have proven the viability of our patented technology to clean and separate municipal solid waste into its component parts and can move forward with our plans for commercialization.”
Hennessey added, “With increasing political support for sustainable renewable energy, worldwide focus on carbon reduction and decreasing land availability, our biomass recovery process offers a compelling solution. Biomass we recover from municipal waste has a superior emissions profile to many other sources of fuel including coal and wood waste, can reduce landfill disposal by 80-90%, is technology agnostic for use of feedstock and produces renewable biomass for energy production using the existing infrastructure for collecting and disposing of garbage. In a market where energy demand continues to grow and the costs of handling waste continue to increase, we are well positioned to take another step towards our goal of bringing our technology to municipalities, solid waste haulers, and operators of landfills and materials recovery facilities.”
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