Business & Finance
Business and Finance
Business and Finance
Wed, January 7, 2009 W2 Energy Inc.: W2 Energy and R&J Howell Investments Form Waste-to-Energy Joint Venture
TORONTO--(Marketwire - January 7, 2009) - W2 Energy Inc. (
To start, W2 Energy will be developing four waste-to-energy plants with R&J Howell -- 3 plants with 4 tons per day capacity, and one plant with a capacity of 40 tons per day. All four of these plants will use municipal solid waste as feedstock.
"We are thrilled to be working with R&J Howell," says Mike McLaren, CEO of W2 Energy. "They are helping their client's worldwide deal with waste and energy problems, and at the same time helping to improve world ecology and the world economy."
W2 Energy has developed a biomass-to-energy plant which converts each ton of municipal solid waste into approximately 100 gallons per day of liquid hydrocarbons. W2 Energy uses two patented catalysts, one which converts biomass into ultra low sulfur diesel, and which converts biomass into ultra low sulfur diesel, gasoline and industrial waxes.
R&J Howell provides financial and real estate consulting services to a variety of government, industrial and commercial clients worldwide.
"We looked long and hard before we found W2 Energy. We think W2 Energy has the best technology for converting waste into energy. We are looking forward to having the plants up and running as soon as possible," says Ron Wright of R&J Howell.
W2 Energy and R&J Howell expect to begin the projects by Q2 of 2009.
About W2 Energy Inc.
W2 Energy Inc. is a growing, publicly traded company that develops renewable energy technologies and applies it to new generation power systems. Specifically, W2 Energy Inc.'s plasma assisted biomass to energy plants utilize state of the art technologies to produce green energy both fuel (sulfur free diesel) and electricity at the most efficient cost in capital investment and production per/barrel, per/Megawatt.
About R&J Howell Investments Limited
R&J Howell provides real estate and investment consulting to a variety of industrial, commercial and government clients worldwide. The company has been in business since 1964 and since that time has been involved in a number of real estate and high technology investments.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.
