Monday, February 9, 2009

Global Energy Systems Consummates Georgia Landfill Gas Purchasing Agreement with Republic Services

/PRNewswire-FirstCall/ -- Global Energy Systems, a subsidiary of the diversified renewable energy company Global Energy Holdings Group, Inc. (NYSE Alternext US: GNH), today announced it has acquired the right to purchase landfill gas from Republic Services, Inc. (NYSE:RSG) , the owner and operator of the Hickory Ridge landfill in Conley, Georgia. Global Energy will process the landfill gas to convert it into a saleable energy product. Global Energy paid Republic a total of $3,350,000 for the landfill gas purchase rights and will pay Republic a royalty based on revenues collected from the sale of the processed gas.

Methane, a greenhouse gas that is produced naturally during the decomposition of landfill waste, is 23 times more potent than carbon dioxide. Often, this landfill gas is isolated and flared to prevent its release into the atmosphere. Rather than flaring the methane from Hickory Ridge, Global Energy will construct a pipeline to transport this gas to its gas conditioning facility. Global Energy will then process the landfill gas into an energy product that may be sold for a variety of uses.

"Republic is very excited to add this project to our portfolio of 80+ landfill-gas-to-energy projects. It complements our operations in the Atlanta area and the services and relationships we have with our customers there, and furthers our goals of contributing to energy independence, sustainability and environmental stewardship," says Bill Held, Senior Director of Renewable Energy for Republic.

Landfill gas is recognized as a source of renewable energy by a number of State renewable portfolio standards and the U.S. Environmental Protection Agency (EPA). The U.S. EPA's Landfill Methane Outreach Program (LMOP) has identified 23 landfills in the state of Georgia that are promising candidates for landfill gas to energy (LFGTE) systems.

"Global Energy intends to work with a number of waste service providers to develop LFGTE projects at landfills across the Southeast United States," said Mike Ellis, President of Global Energy Systems. "Global Energy's expert staff including our management team and engineers will help us develop the Southeast's energy potential."

-----
www.fayettefrontpage.com
Fayette Front Page
www.georgiafrontpage.com
Georgia Front Page

No comments: