Conporec signs a contract valued at more than $ 22 million CDN with The RegionalMunicipality of York (ON)
Sorel-Tracy, January 10, 2008 - Conporec Inc. ("Conporec" or the "Company") today announces that it has signed on January 2, 2008, a 30-month contract, with two one-year optional renewal periods with The Regional Municipality of York, an Ontario (Canada) community made up of nine municipalities with a total population of close to one million residents. This contract, the value of which could reach more than $ 22 million will allow for the recovery of source separated organics (SSO) at a minimum rate of 25,000 tons per year and potentially up to 40,000 tons. This organic material will be transformed into first quality compost at Conporec's La Prade Environmental Park facility located in Bécancour, Quebec (Canada).
This new facility, which is specialized in SSO recovery, has a Certificate of Authorization (CofA) to initially treat 40,000 tons annually. The design of this ultramodern treatment facility makes it a model facility in Canada and in North America. This second agreement with York Region will allow the facility to operate at full capacity. A second expansion phase is already planned to bring this capacity to 80,000 tons and eventually up to more than 200,000 tons annually.
In 2008, Conporec will therefore recover more than 65,000 tons of SSO waste in its two treatment facilities located in Sorel-Tracy and Bécancour. This is an increase of 160% compared to the 25,000 tons processed in 2007. The growth in the amount of waste recovered by Conporec opens door to the application of complementary waste-to-energy technologies currently under development at Conporec's La Prade Environmental Park. "These new revenues from the Bécancour and Sorel-Tracy facilities, combined with those generated by the construction of the facilities in France (Tournan-en-Brie) and in Australia (Mindarie Regional Council) allow us to anticipate very favourable results for Conporec in 2008," said Mr. Jean Beaudoin, President and Chief Executive Officer.
Conporec inc. develops and operates various patented composting and sorting technologies for the treatment and recycling of municipal solid waste. The company successfully delivered or is in the process of completing several municipal waste composting plants in Canada, France, United States and Australia and has also completed about thirty composting installations in Canada. Conporec is a socially responsible organization listed on the TSX Venture Exchange.
The TSX Venture Exchange has not approved the information contained herein and accepts no responsibility for it, nor the validity of the operation planned.
|Additional information:||Jean Beaudoin
President and CEO
Tél : (+33) 01 53 67 35 81
HKDP Communications and Public Affairs
514.395.0375, ext. 230
Information réglementée :
Communiqués au titre de l'obligation d'information permanente
© Copyright Actusnews Wire
Recevez gratuitement par email les prochains communiqués de la société en vous inscrivant sur www.actusnews.com
Receive by email the next press releases of the company by registering on www.actusnews.com, it's free