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Gold/Mining/Energy : Global Energy Inc.
GEYI 0.00Dec 14 4:00 PM EST

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From: donpat10/26/2011 12:37:00 PM
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COVANTA ENERGY AND PROJECT KAISEI ANNOUNCE JOINT COMMITMENT TO THE CLINTON GLOBAL INITIATIVE

Beginning in late 2010, Project Kaisei, the lead on the project, will collect plastic debris from the ocean for remediation testing. Covanta Energy will use the debris to test its new waste-to-fuel technology to convert the plastic into a diesel substitute using its catalytic process for converting solid organic materials directly to mineral diesel fuel. If successful, the end result is expected to be an innovative, sustainable solution for communities around the world to deal with non-recyclable plastics and plastic waste.

"We are honored to make this commitment to the Clinton Global Initiative because it has an outstanding record of doing what's right by creating partnerships that deliver results," said Doug Woodring, Co-Founder of Project Kaisei. "Through our collaboration with Covanta Energy, the marine debris we collect will not only be removed from the ocean, but converted into something valuable. We are hopeful that our partnership will motivate the development of additional solutions and technologies for land-based prevention that can bring an end to marine debris and plastic waste pollution.”

Covanta Energy and Project Kaisei have set a target to convert 50 tons of marine debris into renewable fuel each year.

Learn more about Project Kaisei at projectkaisei.org and Covanta Energy at covantaenergy.com

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