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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Joe Copia who wrote (84628)5/22/2001 11:00:06 AM
From: Joe Copia  Read Replies (1) of 150070
 
new energy play:

GARB

Co-generation and Electrical Power Generation

Since 1982, the company has been actively involved in planning and preparation for plants generating electricity or process steam to be fueled by scrap tires. The Company may build such plants alone or in joint venture with others. During the past fiscal year, the Company has concentrated its efforts on design of the Disintegrator and has held only very preliminary discussions regarding the possibility of construction of such plants.

The design that the Company developed for these plants calls for scrap tires to be shredded into hand sized pieces. The shredded tires are then burned in a fluidized bed combustor to produce steam, which may be used for the generation of electricity or may be used as process steam in nearby industrial plants.

As a result of having received permits to construct the Rialto power plant from the California South Coast Air Quality Management District, the Company believes that its plants can comply with any currently applicable pollution requirements. Although environmental permits were issued for the construction of the Rialto project, litigation regarding compliance with California environmental laws delayed completion of the project of years. The Company eventually determined that continuing the litigation until the legal authorization to use the permits which had been issued was finally affirmed by the courts would not be economically feasible, and the project was abandoned. There can be no assurance that plants planned by the Company in the future will not become similarly embroiled in litigation.
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