PACIFICA, Calif.--(BUSINESS WIRE)--September 29, 1998--Industrial
Ecosystems, Inc. (NASDAQ OTC Bulletin Board:IECS.O) announced today
that its subsidiary, ROP North America, Inc., has chosen by-product
from Commercial Alcohol, Inc. as the primary ingredient in its
liquid animal feed.
ROP, which commenced production operations this summer, produces
liquid animal feed from organic waste product. Commercial Alcohol,
Inc. is Canada's largest producer of ethanol, which is made primarily
from corn. It produces 150 million liters per year at the Chatham
Plant in Ontario.
After testing organic by-products from various sources, ROP
selected Commercial Alcohol's corn based by-product for many reasons.
According to Walter Kolbe, IECS Chairman, "By utilizing Commercial
Alcohol's cornmeal as a base ingredient, we have been able to
economically produce liquid feed containing no less than 22.8% protein
on a dry matter basis." Kolbe added, "Commercial Alcohol has been
running through our plant like liquid gold; it runs quickly; it's easy
to stabilize and it is very rich in protein."
Competitive animal feed currently costs Canadian hog farmers
about $0.25 CDN per protein unit (one pound), with an additional $0.13
CDN of fat (energy) needing to be added. To date, ROP has charged
$0.24 CDN per protein unit for liquid feed containing Commercial
Alcohol stillage. ROP saves the hog farmer $0.14 CDN per protein unit.
Mr. Kolbe stated, "It's our goal to maintain a costing structure that
enables us to continue selling animal feed at prices that are below
what it costs competitors to make."
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