Standard Energy Uses Biofuels to Produce Ethanol and Power, Confirmed by Industrial Information Resources
HOUSTON--(BUSINESS WIRE)--July 10, 2001--Industrial Information Resources, Incorporated (IIR) confirms that Standard Energy Corporation (OTCBB:STDE)(Salt Lake City), through a wholly owned subsidiary Mayfair Energy Corporation, is negotiating for the purchase of an existing municipal solid waste (MSW) transfer station in the Northeast that will be retrofitted with technology to produce ethanol and electricity from 6,000 tons per day of MSW. Utilizing its biofuels technology, the plant will produce 240,000 gallons per day of Ethanol from processing food waste, paper and yard clippings. This plant will also recover plastics, glass, gravel and metals for sale as clean recycled products. A new power generation unit producing approximately 35MW's will be co-fired with recovered plastics and lignin plus natural gas, making the site an Industrial Energy Producer (IEP).
WJ Scales & Company (Boerne, Texas) and a construction division of Enron Corporation, Limbach Company (Columbus, Ohio), have been selected to provide construction and construction management services for the project. Saulsbury Engineering Company (Odessa, Texas) is currently providing detailed engineering for the project. Construction is expected to begin late summer 2002 and completion is anticipated in the first quarter of 2005.
Standard Energy's primary business is oil & gas leasehold brokerage. Due to their moderate activity in domestic oil and gas production, Standard has been developing its biofuels technology to generate additional revenue. Chris Paschall, Synthetic Fuels and Petroleum Refining Group Manager at IIR, states, "This technology and application could prove to provide an environmentally sound way to produce both ethanol and electricity using refuse, paper and organic materials." |
