TSE: NRG | OTC: ANRGF
Alter NRG sells plasma gasification solutions that convert waste-to-energy (WTE), generating synthetic fuels from municipal waste. Gasification is a process that uses extremely high temperature plasma torches but it is not incineration. The technology was developed over the last few decades by Westinghouse. That business unit was spun out and then later acquired in its entirety by Alter NRG. Alter NRG has been restructuring the company to focus exclusively on gasification. This has included selling off a coal property and moving the geoexchange business into a separate entity of which Alter NRG is the primary shareholder. The management of the company is also undergoing some restructuring and an executive search is in progress for a new CEO.
In December 2011 the company announced that it had signed a deal with Air Products for a $22MM gasifier to be located in Tees Valley in the UK. This is the first of five that Air Products intends to build. Exhaustion of the current shareholder base and thee recent restructuring of the management team and business focus coupled with traction in the marketplace may have created an opportunity in that the share price is near historic lows while the prospects of the company appear to be positioned to dramatically improve over the near term.
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Other Gasification Companies: Enerkem | Plasco Energy Group |
