$ASRE Astra Energy Inc. Achieves Independent Testing Results Demonstrating Regreen Technology’s Ability to Turn Waste into Non-Waste at the Regreen Hesperia Pilot Operation in California
https://www.globenewswire.com/news-release/20...ornia.html
SAN DIEGO, Aug. 21, 2023 (GLOBE NEWSWIRE) -- via IBN -- Astra Energy Inc. (OTCQB: ASRE) (“Astra” or the “Company”) today announces that the company's subsidiary Regreen Technologies Inc. (Regreen) has achieved significant results in processing waste into a non-waste Class A compostable commodity.
As determined through independent testing by Soil Control Lab, analytical chemists and bacteriologists approved by the State of California, when processing municipal solid waste through the Regreen system, the output produced has been converted to an odorless material free of harmful bacteria and pathogens, which does not have to be treated further or transported to the landfill. The resulting material can be used as compost or further refined to valuable marketable bio-products.
These results represent validation that the Regreen technology and processing system complies with California Senate Bill 1383, which mandates the reduction of disposal of organic waste in landfills by 2025. The Company has demonstrated a valid solution that all municipal recovery facilities in California can utilize to comply with SB 1383. The solution can also be applied nationally. U.S. landfill sites are regulated by each state’s environmental agency, which, in turn, follows the guidelines set by the United States Environmental Protection Agency.
The business case for the Regreen system is based on both collecting a tipping fee for processing the waste and securing offtake agreements for the output commodity. The average municipal solid waste (“MSW”) landfill tipping fee in the United States ranges from $53.04 to $69.94 U.S. dollars per ton. There are 1,074 recycling facility businesses in the U.S. as of 2023. There are more than 300 million tons of MSW generated annually in the USA alone. In 2022, the revenue of waste management services in the U.S. surpassed $140 billion USD after a decade of continuous growth.
The Regreen Total Waste System can be sold or deployed globally and offers diverse income opportunities for the Company by way of outright sales of the equipment or through joint venture opportunities. This technology meets U.S. and international eco guidelines and is an excellent addition to Astra's IP portfolio.
https://www.globenewswire.com/news-release/20...ornia.html
SAN DIEGO, Aug. 21, 2023 (GLOBE NEWSWIRE) -- via IBN -- Astra Energy Inc. (OTCQB: ASRE) (“Astra” or the “Company”) today announces that the company's subsidiary Regreen Technologies Inc. (Regreen) has achieved significant results in processing waste into a non-waste Class A compostable commodity.
As determined through independent testing by Soil Control Lab, analytical chemists and bacteriologists approved by the State of California, when processing municipal solid waste through the Regreen system, the output produced has been converted to an odorless material free of harmful bacteria and pathogens, which does not have to be treated further or transported to the landfill. The resulting material can be used as compost or further refined to valuable marketable bio-products.
These results represent validation that the Regreen technology and processing system complies with California Senate Bill 1383, which mandates the reduction of disposal of organic waste in landfills by 2025. The Company has demonstrated a valid solution that all municipal recovery facilities in California can utilize to comply with SB 1383. The solution can also be applied nationally. U.S. landfill sites are regulated by each state’s environmental agency, which, in turn, follows the guidelines set by the United States Environmental Protection Agency.
The business case for the Regreen system is based on both collecting a tipping fee for processing the waste and securing offtake agreements for the output commodity. The average municipal solid waste (“MSW”) landfill tipping fee in the United States ranges from $53.04 to $69.94 U.S. dollars per ton. There are 1,074 recycling facility businesses in the U.S. as of 2023. There are more than 300 million tons of MSW generated annually in the USA alone. In 2022, the revenue of waste management services in the U.S. surpassed $140 billion USD after a decade of continuous growth.
The Regreen Total Waste System can be sold or deployed globally and offers diverse income opportunities for the Company by way of outright sales of the equipment or through joint venture opportunities. This technology meets U.S. and international eco guidelines and is an excellent addition to Astra's IP portfolio.
