SYMBOL OTCBB: PIEX
NEWPORT BEACH, CA, Jan. 23, 2013 /PRNewswire/ - IBA Green, Inc., a wholly owned subsidiary of Pioneer Exploration Inc. (PIEX) is pleased to announce it has received another Sample of IBA for testing from another multinational corporation for processing using IBA Green's patented Molecular Process.
IBA Green has developed a process to safely and economically utilize the previously hazardous ash. Due to sensitive liability issues' relating to coal ash, containing toxic heavy metals such as arsenic, cadmium, hexavalent chromium, lead and mercury, IBA Green is under a strict Non-disclosure agreement with this multinational client.
"This is great news for the company's process to treat and convert IBA into viable and environmentally responsible construction materials," said Angelo Scola, Chairman of the Board of IBA Green. Municipal Solid Waste Sites across the United States and elsewhere in the world will be able to start cleaning up the toxic landfills using IBA Green's molecular process making the material benign and unable to be released back into our nation's water supplies."About IBA Green, Inc IBA Green has developed a process to mitigate the environmental issues associated with toxic end products of the Waste-to-Energy industry, and has developed a patented process to safely and economically utilize the previously toxic end product. The IBA Technology works in synergy with the waste-to-energy industry, converting the toxic end products into commercially viable green construction products. The IBA Technology was specifically developed to address coal ash and incinerator bottom ash (IBA), which is the resulting residue that is created after the combustion process of burning coal or solid waste to generate electric power. Currently, there are approximately 600 coal burning and 85 waste to energy electric power plants across the USA creating an aggregate 85 million tons of toxic coal ash or IBA annually. For further information about IBA Green Inc. please visit the company's website at http://www.ibagreen.com/ On Behalf of the Board of Directors