Alter NRG signs 22-month testing agreement extension with Coskata

  http://biofuelsdigest.com/bdigest/2010/09/24/alter-nrg-signs-22-month-testing-agreement-extension-with-coskata/

Thomas Saidak | September 24, 2010

In Canada, Alter NRG is pleased to announce it has signed a twenty-two month extension to its agreement with Coskata, to provide testing services to support Project Lighthouse for a minimum value to the Company of US$4.1 million and up to US$5.6 million if all contemplated tests are performed.

This includes monthly fixed payments totaling US$2.46 million over the term.  Lighthouse was completed in late 2009 and since that time, Alter NRG and Coskata have been converting woodchips into ethanol and optimizing the overall process. Alter NRG converts the woodchips into a clean tar free syngas and Coskata converts the syngas into ethanol using its patented biorefinery technology.

Mark Montemurro, CEO of Alter NRG, added “We are pleased to continue our relationship with Coskata, an acknowledged leader in second generation ethanol production. In the short-term the monthly fixed payments will cover our operating costs at the Westinghouse Plasma Centre. In the longer-term, the market for non-food based ethanol, which is mandated to grow by the US government, represents another market opportunity for Alter NRG.”

Biomass Plant on Bruce Street

http://gep.us.com/PressRelease.aspx

Wednesday, September 1, 2010

On Thursday, September 9, 2010, Councilwoman Doreen Carter will host a community forum at 2474 Bruce Street Lithonia, Georgia 30058, where Rev. C. André Grier is the Sr. Pastor. The Community Forum will focus on a discussion of the Biomass Plant being built by Green Energy Partners-DeKalb, LLC. The company has received a 20 year contract from DeKalb County to obtain their yard waste that will be converted into electricity by using gasification technology. This is a non-emission process that is environmentally friendly thereby producing green energy. The agreement between Green Energy Partners and DeKalb County is expected to produce $200,000 in revenue for DeKalb County. If the plant is located inside of the city of Lithonia boundaries, it will produce an estimated 100 jobs and an increase of the tax digest of $50 million upon completion of the plant; thereby creating a much needed revenue injection for the City of Lithonia.