Published:
Syngas International (NASD:OTCBB: SYNI) Announces Update to Medical Recycling Project
Project Proceeds to Major Joint Venture
Syngas International Corp.
(OTC BB: SYNI), www.syngasinternational.com, is pleased to announce that
the Company's project to supply gasification technology for a medical waste
plant in Alberta has achieved a new milestone.
The project began as a pilot to sell the facility an M2-2.5, and quickly
progressed to the facility increasing their requirement to an M2-60 unit.
Syngas was to receive roughly $2 million per annum as its percentage of
revenues under this scenario.
The project now calls for Syngas to be an equal joint venture partner in
the project which has estimated revenues of $7.0 million plus per annum.
"All parties involved are energized by this agreement. The waste management
industry is highly fragmented, with few proper disposal methodologies for
sensitive waste products like medical wastes. Our aging population has
made disposing of expired and used medical products a real problem, and we
believe that in order to make a significant impact on the future of this
industry and to bring about positive change, a multi-faceted and
all-encompassing approach must be taken," stated Wilf Ouellette, President
of Syngas Energy Corp, and director of its parent Syngas International
Corp. "That's why its so important that Syngas not only provide technology
and support, but by having an equity stake in the project, the joint
venture is assured of availing itself to the latest in waste management
technologies. Waste management is a perfect application for Syngas'
renewable fuel technologies." Ouellette continued, "With the joint
venture, we have taken another major step toward fulfilling the mission of
the Company -- providing energy in an enviro-eco-sensitive manner."
Ouellette explained that in order to impart this significant impact on the
industry, one had only to realize that waste medical products, if misused,
could cause significant harm. Gasification not only ensures that expired
meds and used equipment will not cause harm, but can do it in a way that
produces energy, cuts costs and saves the environment from needless
filling.
About Syngas International Corp: www.syngasinternational.com
Syngas International Corp. (OTC BB: SYNI), through it's subsidiary Syngas
Energy Corp., is an emerging leader in the development and marketing of
low-cost alternate fuels worldwide. We believe our superior technology will
catapult our company into a GREEN POWERHOUSE. With energy prices at high
levels and the global focus moving rapidly towards addressing pollution,
the need for sustainable, zero-emission energy is vital. Our technology is
based on clean, renewable energy. We foresee our company poised to benefit
from global trends.
Forward-Looking Statements
Except for the historical information contained herein, the matters
discussed in this press release are forward-looking statements. Such
statements are indicated by words or phrases such as "believe," "will,"
"breakthrough," "significant," "indicated," "feel," "foresee,"
"revolutionary," "should," "ideal," "extremely," and "excited." These
statements are made under "Safe Harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Actual results may differ
materially from those described in forward-looking statements and are
subject to risks and uncertainties. See Syngas' filings with the Securities
and Exchange Commission, including, without limitation, Syngas' recent Form
10-KSB and Form 10-QSB, which identify specific factors that may cause
actual results or events to differ materially from those described in the
forward-looking statements.
Distributed by Market Wire
Copyright © 2008, MarketWire
Copyright © 2008, NewsBlaze,
Daily News
Tags: ,Energy and Utilities:AlternativeEnergy, Environment:AirPollutionControl, Environment:NaturalResourceManagement, ,NASDAQ01,OTCBULLB,CO,LAS VEGAS, NV and EDMONTON, AB
_ _Is your favorite bookmark site missing?
Ask for it.