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 and is representative of the type of larger deal that Alter NRG is currently pursuing. A recent restructuring of the management team and tightening of the business focus has probably contributed to the stock trading recently to all time lows. The depressed stock price and significant forward growth prospects appear to have created an opportunity for investors.
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Other Gasification Companies: Enerkem | Plasco Energy Group | Plasma Power, LLC |
