EcoPlus, Inc. and South Carolina County Complete Agreement for Construction of Processing Facility for Biofuel
17 March 2010 - 1:13AM
Marketwired
EcoPlus, Inc. (PINKSHEETS: ECPL) today announced that on January
13, 2010, EcoPlus, Inc. and Berkeley County, South Carolina entered
into an agreement for the development of a brown grease processing
facility to be situated in Berkeley County, South Carolina. The
plant will convert brown grease restaurant waste into a solid fuel
product.
Under the agreement it is the intent of EcoPlus to construct a
company-owned and -operated conversion facility costing in excess
of $4 million. As an incentive for construction of the facility,
Berkeley County's Water and Sanitation has agreed to provide a five
acre site to host the plant. Upon commissioning of the plant,
Berkley County Water and Sanitation will cease to accept brown
grease for treatment. The company anticipates construction to be
completed in 2010, and the company is actively working to complete
financing arrangements for the facility. The plant will employ the
patented technologies controlled by EcoPlus for creation of the
biofuel product.
Phil Hicks, President of EcoPlus, Inc., stated that, "Our
patented technology for conversion of brown grease is unique and
gaining profile, due to its ability to produce a high-quality
fuel." Hicks continued by noting, "This company-owned project is
within the footprint of the greater Charleston, South Carolina
area, and provides substantial opportunity for biofuel production
and for increasing shareholder value. We look forward to working
with Berkeley County on this project."
EcoPlus controls a patented, commercially proven technology that
utilizes an environmentally friendly process for turning brown
grease restaurant waste into a high-quality, solid fuel that can be
employed on a stand alone basis, or co-fired with other fuels or
biofuels. This fuel can be used as a coal substitute in steam
powered electrical generating stations to help meet increasingly
common and ambitious state regulations demanding alternative fuel
utilization, or for industrial heat over a broad range of
applications in areas such as food processing, or manufacturing,
such as cement manufacturing, where green fuels for corporate green
initiatives are in demand.
Forward-Looking Disclaimer
Statements regarding financial matters in this press release
other than historical facts are "forward-looking statements" within
the meaning of section 27A of the Securities Act of 1933, Section
21E of the Securities Exchange Act of 1934, and as that term is
defined in the Private Securities Litigation Reform Act of 1995.
The company intends that such proclamations about the Company's
future expectations, including construction timing, future revenues
and earnings, technology effectiveness and all other
forward-looking statements be subject to the safe harbors created
thereby. EcoPlus, Inc. is a development stage company that depends
on outside resources to maintain its continuation. Since these
statements involve risks and uncertainties and are subject to
change at any time, the Company's actual results may differ
materially from expected results.
Factors that may affect forward-looking statements and the
Company's business generally include but are not limited to (i) the
risk factors and cautionary statements made in the Company's NASD
or SEC filings; and (ii) other factors that EcoPlus is currently
unable to identify or quantify, but may exist in the future.
Forward-looking statements speak only as of the date the
statement was made. EcoPlus does not undertake and specifically
declines any obligation to update any forward-looking
statements.
Contact: EcoPlus, Inc. Investor Relations Toll-free:
877-494-0064
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