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General Environmental Management Inc. (GEVI.OB)
General Environmental Management Inc. (GEVI) has shifted its business focus from hazardous waste field services to waste-to-energy conversion. In June of 2010, the company signed a letter of intent with Bio-Energy Solutions Group, Inc. (BESG) to manage their waste-to-energy operations in Pernambuco, Brazil, including the collection and processing of municipal solid waste and subsequent conversion to alternative energy.
BESG has contracts for 34 towns in the state of Pernambuco, Brazil, with additional towns requesting contracts. The company's solution offers a compelling alternative to the traditional landfill approach by reducing municipal solid waste using natural processes, extracting marketable recyclates from the waste input stream, and enabling the residual biomass to be used as feedstock for generating renewable energy in an environmental friendly manner.
With the world facing massive problems involving landfills, including running out of room, destruction of the surrounding environment, and the atmospheric pollution of nearby communities, municipalities around the world are seeking an affordable answer to these ever-increasing problems. BESG offers a solution that collects and converts the waste in a process that is eco-friendly and produces much needed eco-friendly power through patented technology.
It is anticipated that the initial installation of a facility in the state of Pernambuco, Brazil will serve primarily organic materials from towns in two states. The company projects that 4,900,000 tons per year of feedstock from over 368 municipalities will be managed by this facility by the end of 2011. With estimated revenue of $25 and $30 per ton of waste, the potential is enormous.
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