[b]$EWRL[/b] The Green Energy business model is summarized as [b]follows:
1. Secure long term access of large scale waste streams through acquisition, internal development or contractual operating agreements of landfills, transfer stations and recycling centers. (Acquired waste streams include both municipal solid waste (“MSW”) and construction & demolition debris (“C&D”)
2. Grow Revenue and cash flow generation through:
a. waste management (“tipping”) fees generated at landfill recycling and transfer facilities
b. Introduction of high efficiency recovery systems and sale of materials into recycling markets
c. Incorporation of conversion technologies to produce renewable fuel, electricity, compost and other marketable green products from waste materials.>br>
3. Continue to develop strategic alliances with technology and systems manufacturers of commercially proven recycling, processing and waste to energy (“WTE”) technologies that allow clean, efficient and profitable methods of capturing values from waste stream composition.
4. Invest in emerging conversion technologies offering additional revenue opportunities within captive waste streams, reduction of internal capital costs and new revenue from external technology sales.
Strategies employed include acquisition of existing landfills to internalize control of waste streams. The company is seeking acquisition opportunities where operating efficiencies and diversion tactics will allow increased revenue and improved margins on historical operations. Introduction or improvement of recycling and conversion systems can reduce the volume of landfilled materials by over 90% in many cases. Metals, plastics, cardboard/paper and other recyclable materials represent significant potential revenue and the conversion of the remaining material to refuse derived fuel (RDF) for waste to energy (“WTE”) plants. The Company plans to build gasification systems to create synthetic fuels and electricity. Long term contracts for the produced energy will provide further revenue enhancements. The diversion of incoming waste can substantially increase the life of the landfill and reduces landfill related operating expenses while maintaining tipping fee income. With introduction of the Green Energy waste conversion plans intake of MSW and C&D can expand along with corresponding tipping fee income with minimal landfill impact.
Stand-alone recycling and conversion plants, such as the planned C&D Recycling Plant at our Highland Park, Michigan location, will be constructed in locations offering geographic advantage to local markets. Contracted tipping fees, sale of recyclable materials and future WTE production provide attractive revenue growth. Competitive tipping fees, efficient turnaround times for incoming loads and reduced mileage provide significant incentive for local haulers to consistently use our recycling facility instead of their traditional landfill disposal options. Local and state government are highly supportive of this plan as it has a positive impact on the local economy and environment by providing landfill impact reduction, reduced expense for demolition of condemned properties jobs and facilitation of urban renewal.
The company has already made a significant investment in the development of its start-up waste processing and recycling operation in Highland Park, Michigan and has the key elements already in place to deliver all of the aspects of its construction and demolition recycling business model. This is a scalable operation and one that can be replicated over and over again offering great opportunities as Green Energy grows its business plan. The Company believes its waste recycling and conversion plan can make it an industry leader in the industry.[/b]
