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
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 (
) 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
, 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."
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.
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, President CEO
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
. 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.