SOURCE: Sustainable Power Corp.
October 09, 2008 12:34 ET
Sustainable Power Corp. Enters Agreement for 300 Tons per Day Supply of Municipal Solid Waste
BAYTOWN, TX--(Marketwire - October 9, 2008) - Sustainable Power Corp. (PINKSHEETS: SSTP)
announced today that it has entered into an agreement with Amecks, Inc.,
providing for a partnership to provide densitized and pellitized municipal
solid waste (MSW) for utilization in its reactors to produce biofuels and
gas, and to generate electricity.
Amecks has facilities which can provide a minimum of 300 tons per day of
MSW which is utilized in SSTP's reactors and which when completed will
produce electrical power to connect to the grid. For taking this MSW, SSTP
will be paid $35 per ton.
As previously reported, SSTP's kWh produced from MSW outdistances the power
produced by MSW incinerators by more than 10 times. Essentially SSTP
produces electricity from our nation's garbage absent plastics, metals and
other inert materials.
"This agreement provides us a never-ending supply of product for our
reactors," said M. Richard Cutler, President of SSTP. "Instead of paying
for feedstocks to run our biofuels reactors, Sustainable Power now will be
PAID to take the products we turn into biofuel and gas, and ultimately into
electricity."
Jerry Ketterer, President of Amecks, added, "We are excited that this
partnership with Sustainable Power allows us to not only profit from the
amazing technology I witnessed at Sustainable Power, but also helps to
alleviate the nation's waste problems. By combining our technologies, we
have a can't lose business with substantial benefits to our nation's
communities."
Amecks and Mr. Ketterer have been in business for more than 25 years,
including work in the waste business starting in the 1980s. Mr. Ketterer
has substantial business experience which he brings to the partnership with
Sustainable Power.
About Sustainable Power Corp.
Sustainable Power Corp. is an international green energy total service
provider focused on environmentally safe power generation. The company has
the exclusive rights to develop and manage a portfolio of green energy
plants utilizing a renewable fuel source able to be produced from non-food
feed stock. For more information please visit www.sustainablepowercorp.us.
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