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
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
, President and CEO of TransAct Energy Corp. "They are a great fit both in
and in our future growth plans throughout the rest of
. 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
company originally established in 1966 that provides a unique combination of recycling technologies and integrated services for waste management.
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.
TransAct Energy Corp.
TransAct Energy Corp. is a
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
, follow them on twitter
@transactenergyc and contact them for more information about TransAct Energy
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SOURCE TransAct Energy Corp.