SAN ANTONIO, Feb. 13, 2013 /PRNewswire/ -- TransAct
Energy Corp. (TEGY) announced today a Letter of Intent between
Malcolm Brown Ltd and TransAct Energy from Waste ("TEFW"), a
subsidiary of TEGY. Brown will secure long-term supply contracts
for prepared municipal solid waste ("MSW") in the form of refuse
derived fuel and specified recovered fuel which are MSW that has
had non-combustibles removed. These contracts are expected to be
secured for the fall 2013 opening of the Scotland TEFW plant.
The TEFW plant is designed to process 500 metric tonnes per day
which requires an annual supply of 225,000 tonnes of processed MSW.
A critical step in the development of the TEFW plant is securing
the supply of waste that will be transformed into fuel, liquefied
petroleum gas(LPG), carbon black and electricity. Brown's clients
prepare 100's of thousands of tonnes of MSW for the domestic and
foreign markets. TransAct has provided Brown with standardized
gate/tipping fee agreements that they will use to secure their
clients for TEFW. The current gate fees being charged by energy
from waste facilities according to UK's WRAP (Waste and Recycling
Action Program) Gate Fee Report 2012 ranges from £32 to £131 per
tonne delivered to the energy from waste plant. Using the
2012 minimum fee TEFW could be paid approximately £7.2 Million in
tipping fees.
"We anticipate being able to fulfill TEFW's waste supply needs,"
says Steven Brown of Malcolm Brown
LTD. "In fact we are in the process of signing clients that will
provide a large portion of their requirements."
"We look forward to working with Malcolm Brown LTD and their
associates," says Rod Bartlett,
President and CEO of TransAct Energy Corp. "They are a great fit
both in Scotland and in our future
growth plans throughout the rest of Europe. They are not only more than capable of
supplying our waste supply, but also necessary specialized
equipment and they also have good access into the Carbon Credit
markets."
About Malcolm Brown Ltd
Malcolm Brown Ltd is a United
Kingdom company originally established in 1966 that provides
a unique combination of recycling technologies and integrated
services for waste management. Malcolm
Brown is a full service company providing waste recycling
equipment/systems/parts for waste shredding, baling and
granulating. They consult and broker the disposal of MSW in
its various prepared forms; including the baling of and exporting
of MSW. http://www.malbrownltd.co.uk/
About TransAct Energy Corp.
TransAct Energy Corp. is a Nevada organized company trading on the OTCQB
as TEGY. Their business is the development, production, management
and conservation of energy through sustainable projects. TransAct's
focus is emissions free energy produced from carbonaceous
waste.
Visit TransAct's website www.transactenergycorp.com, follow them
on twitter transactenergycorp@transactenergyc and contact
them for more information about TransAct Energy
Media Inquires:
ROD BARTLETT,
President CEO
info@transactenergycorp.com
210-888-0785
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SOURCE TransAct Energy Corp.