UK-based GreenWorld Development Inc. released news today announcing its plan to develop and build 200MWT of utility scale Waste to Energy Power Plants across the United States, Europe and Asia until 2016. The development plan catapults GreenWorld Development into this fast growing sector as an up and coming global player. When completed, the projects will potentially treat over 700,000 tons of waste and generate revenues in excess of $250 million US dollars.
The company’s first UK Waste to Energy Centre will be based in Market Warsop in Nottinghamshire. The site consists of 2.5 acres and offers sufficient space for the installation of the “Tyre to Energy” plant and CHP. Projections estimate that these components will generate 7MW of renewable energy. The Market Warsop site’s waste transfer license allows it to take in 100 tons of tyres per day, providing adequate feed stock for the planned energy generation. It can also accommodate storage of 500,000 tyres. GreenWorld also is negotiating licenses in the UK and United States in addition to the development of its OHIO facilities.
According to Leo J. Heinl, GreenWorld’s CEO, the company plans to grow its business organically as well as through merger and acquisition of existing facilities in the target markets aiming at creating a consolidated global portfolio of utilities. In a global market expected to reach $28.8 billion USD by 2015, and with very few international players on a utility scale, GreenWorld is aimed to become a key player in this market.
“The company is proud to announce the engagement of a professional team with solid global expertise to drive and to support the company’s mission and growth strategy. Further and additional management members will join the team soon,” remarked Mr. Heinl.
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