TransAct Energy Initiates Permitting For Scotland Plant
SAN ANTONIO, Texas, April 19, 2013 /PRNewswire/ -- TransAct Energy Corp. (OTCQB: TEGY) announced today it has initiated the permitting/permissions process for the development of its Scotland based 500 tonne per day Energy from Waste plant. The process to secure a Part A permit under section 5.5 of the Pollution Prevention and Control ( Scotland) Regulations 2012 Applications namely "Production of fuel from Waste" is underway. The permissions required from the municipal authority with jurisdiction over the plant, West Lothian Council, will be sought at the same time.
TransAct is working to obtain transmission licenses for the natural gas and electricity produced as part of our permitting process. Part A permits do not allow the use of the fuel produced at the 500 tonne per day plant. With transmission licenses in hand TransAct is able to enter into long-term off-take agreements for the 320 thousand liters of LNG and 80 MW per day of electricity with local utilities.
"Upon completing several engineering tasks for European operations we will file our permits and permissions applications," says Rod Bartlett, President and CEO of TransAct Energy Corp. "We look forward to working with the Scottish Environment Protection Agency and the West Lothian Council to bring the future of waste management to this community."
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 email@example.com 210-888-0785 Safe Harbor This press release contains certain statements that may include "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," "anticipate," "optimistic," "intend," "will" or other similar expressions. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov . All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under applicable securities laws, the Company does not assume a duty to update these forward-looking statements. SOURCE TransAct Energy Corp.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV