Plasma Environmental bids on Toronto waste disposal contract
Plasma Environmental Technologies Inc PLAS
Shares issued 28,000,000 Jun 4 close $0.05
Mon 7 Jun 99 News Release
An anonymous director reports
Plasma Environmental Technologies Inc. and the Ontario Power Technologies
division of Ontario Power Generation, (a successor company to Ontario
Hydro), have cooperated to submit an expression of interest (EOI) in
response to the City of Toronto's request for expressions of interest
addressing the city's need for a system of waste management services and
facilities for the 20 years following the closure of its Keele Valley
landfill site in 2002.
Toronto's integrated solid waste resource management process is responsible
for providing city council with a viable plan for disposal of the city's
household garbage and industrial, commercial and institutional wastes. In
1998 Toronto managed over two million tonnes of solid waste primarily
through disposal at Keele Valley and a commercial landfill in Michigan.
TIRM includes soliciting disposal options in three vendor categories. The
company's proposal is under category 3 - new, emerging and innovative
technologies, and is proposing to accept 100,000 tonnes per year for
conversion to electricity using the company's recently developed PAACS
system.
PAACS is an extension of the company's PARCON-SW solid waste plasma
furnace, and of the plasma furnaces developed by OPT. Plasma Environmental
and OPT will design the facility jointly. Most of the PAACS components and
subsystems can be sourced and fabricated in Ontario, including Toronto,
thus contributing to local employment and economic growth.
PAACS is a closed-loop system, which will convert garbage into electricity
and a vitrified glass, or slag, which is usable as a construction material
and demonstrated to be leach-proof and non-hazardous. A PAACS facility can
be installed on a new or existing landfill site. In addition to
beneficially disposing of current waste, the system is able to mine old
waste to reduce existing landfill volume.
TIRM expressions of interest will be evaluated for inclusion on the request
for proposal short list based on overall proposal merit. Under the city's
proposed schedule the RFP for category 3 will be issued in January, 2000,
to those respondents who qualify. Contracts will be awarded in February,
2001, and the new facilities are required to be operational in 2002.
Plasma Environmental's key product, the PARCON unit, is a patented
hazardous waste destruction system. Independently tested at USEPA's
National Risk Management Research Laboratory, the PARCON system met or
exceeded Environmental Protection Agency standards for destruction of PCBs,
chemical warfare agents and explosives by exceeding a 99.99995 per cent
destruction removal efficiency. |
