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Primary Energy Recycling Appoints New Board Member

Stocks in this article: PRI

OAK BROOK, IL, April 12, 2013 /PRNewswire/ - Primary Energy Recycling Corporation (TSX: PRI), a clean energy company that generates revenue from capturing and recycling recoverable heat and byproduct fuels from industrial processes, today announced the appointment of Mr. Brian P. Greene to its Board of Directors.

Mr. Greene has been a shareholder of the Company since 2010, and currently manages a portfolio of investments. From 1996 to 2002, Mr. Greene worked at Goldman, Sachs & Co. in its New York investment banking department where he focused on mergers and acquisitions, and financing transactions as part of Goldman's energy and power team. He has also worked on project financings, long term power purchase agreements, and as an advisor to independent power producers.

Prior to Goldman, Mr. Greene, who is currently based in Chicago, served a judicial clerkship from 1994 to 1996 for the Hon. James H. Alesia in the Northern District of Illinois in Chicago.

He holds a bachelor's degree in accounting from the University of Illinois Urbana-Champaign, and a Juris Doctor from the Northwestern University School of Law.

"Brian's addition to the Board provides Primary Energy with deeper and broader power and energy market experience, which we intend to draw on as we move forward," said A. Michel Lavigne, Chairman of Primary Energy's Board of Directors. "As an investor in Primary Energy, his appointment further aligns the collective interests of the Company and its shareholders."

About Primary Energy Recycling Corporation Primary Energy Recycling Corporation, headquartered in Oak Brook, Illinois, owns and operates four recycled energy projects and a 50 per cent interest in a pulverized coal facility (collectively, the "Projects"). The Projects have a combined electrical generating capacity of 298 megawatts and a combined steam generating capacity of 1.8M lbs/hour. Primary Energy Recycling Corporation creates value for its customers by capturing and recycling waste energy from industrial and electric generation processes and converting it into reliable and economical electricity and thermal energy for resale back to its customers. For more information, please see www.primaryenergy.com.

SOURCE Primary Energy Recycling Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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