LONDON, UK, Aug. 11, 2011 /PRNewswire/ - Four Rivers BioEnergy Inc. (OTCQB: FRBE) (operating as Verta Energy ("Verta")) announced today that the Company has created a new section - "Gallery" (http://www.riv4ers.com/gallery.html), to its corporate website, which shows the advanced (production ready) state of its UK waste-oil to electrical energy plant in video and pictures.
Since Verta purchased the brown field site in 2009, it has set about redeveloping the former Glaxo penicillin plant in Northumberland, UK into a purpose built Waste to Energy plant. Today the plant is essentially production-ready, with the Company announcing the installation and commencement of testing of its first fully operational 1MW electricity generation unit last month.
Verta's business plan is based upon processing waste cooking oil (which will be sourced through vertical integration into the supply chain) into its own 'Customized Generator Fuel' using its 'black-box' oil processing plant. It then uses that processed fuel to generate renewable electricity, for supply directly into the power grid, using its on-site electricity sub-stations. Verta's business model is expandable on a modular basis at this primary facility, where the initial target is an output of 7MW, expanding to 20MW in 2012, with potential expansion thereafter to 50MW.
The purpose of the Gallery is to allow shareholders and interested parties to 'tour' the plant and put into the context the considerable value that has been created out of the original brown field site and the extent to which these efforts have created a substantially production-ready Waste to Energy plant.
About Four Rivers:
Four Rivers BioEnergy Inc. is focused on producing and selling energy (in the form of electricity) from sustainable waste and renewable feedstocks. The Company operates in the UK under the trade name Verta Energy. Its business model involves the vertical integration of the energy production cycle from feedstock procurement and processing through to electricity generation and sale, all within one business model and on integrated industrial sites. The Company is currently preparing itself for production at its first Integrated Waste to Energy Plant on an industrial site in the UK which it acquired in 2009. Its medium term aims are to replicate this business model in other geographical regions in the USA, Europe and internationally.
Overview of Verta's UK Waste-to-Energy Plant:
The Verta Group, which is wholly owned by Four Rivers, will operate the Waste-to-Energy plant that Four Rivers has been developing out of the 41 acre industrial site in the UK that it acquired in 2009.
The Verta plant, which is expected to commence commercial scale operations later this year, includes several 'zones' including:
(a) An established 'Waste Liquid Biomass Processing Plant' with a substantial processing capacity of 60,000 Metric Tonnes per annum, which uses established processes and know-how (in what Verta terms its 'Black-Box' waste liquid biomass process) to process waste liquid biomass into a viable generator fuel ('Verta's Customized Generator Fuel')
(b) A substantial 'Energy Centre', which has been developed out of the previous boiler room and heat exchange facility on the acquired industrial site and will be used to house generators which will be fuelled by Verta's Customized Generator Fuel to produce renewable electricity and heat. The Energy Centre Infrastructure is now largely complete and the first unit was installed in June 2011. It has been configured to house several additional generator units, which will be added on a modular basis and it is estimated that the Energy Centre in its current form has capacity to accommodate generators, which will produce an aggregate output of up to some 20MW, with plenty of space to extend upwards to 50MW.
(c) A series of on-site functioning electricity sub-stations, which will be used to supply renewable electricity from the Energy Centre directly into the power grid and to service the site itself.
(d) A future planned crush and oil processing plant which will be used to supply oil into the food processing industry and thereby create captive 'back-hauled' used oil for use in the Waste-Liquid Biomass Processing Plant and expand Verta's captive supply of feedstock into its processing plant.
In addition Verta has entered into a conditional contract to purchase ML Oils Limited, a long established waste oil collection and aggregation business, which will spear-head Verta's direct interest, at the market entry level, in the waste biomass supply chain, which is important from the perspective of controlling supply volume, price and quality and differentiates Verta from the vast majority of renewable energy companies by integrating feedstock procurement, treatment and energy generation into one natural business cycle. The contract with ML Oils is expected to be closed during the current financial year.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's good faith views and expectations when made. Forward-looking statements are inherently subject to known and unknown risks and uncertainties which, in the case of the company, include raising adequate capital to continue operations, technology and product development uncertainties, competition, cost and availability of feedstock, obtaining the additional permits and licences required to operate the facility and plant development and manufacturing scale up. Actual results may differ, perhaps materially, from those discussed in the forward-looking statements. The company discussed in this release is not obligated to update its forward-looking statements or comment on those differences. Readers are encouraged to refer to the recent public filings of the company to further ascertain the risks associated with the forward-looking statements. Readers are urged not to place undue reliance upon such statements.
SOURCE Verta Energy
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