"This financing for the Glenwood Springs IWW project is a seminal event in the Company's development of the Industrial Waste Resources division," says
South Canyon Landfill is a municipally owned landfill and recycling center that serves the Glenwood Springs, CO community and surrounding areas, receiving approximately 6 million gallons of liquid waste annually. The Converted Organics facility will use its exclusively licensed flex-fuel™ system by deriving waste heat from biomass (wood waste) that has been diverted from traditional landfill disposal. The facility will treat a wide range of IWW's including septic, wash waters, process waters, man-camp waste waters and various wastewaters from oil and gas exploration.
The IWW market has the potential to be a multi-billion dollar market and involves the treatment of waters that have been contaminated by industrial or commercial activities, prior to their reuse or release into the environment. While these projects would be cost-effective without subsidies, there is also a potential that the Company will receive carbon credits and grants for waste heat utilization. The Company's technology reduces carbon emissions when compared to traditional technologies by using waste heat and renewable energy as thermal fuel.
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Converted Organics Inc.email@example.com 617-624-0111
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