Startech Environmental Sells Plasma Converter System for New Recycling Facility in the European Union
29/08/2007 14:09
PR Newswire
WILTON, Connecticut, August 29 /PRNewswire/ --
Startech Environmental Corporation (OTC Bulletin Board: STHK), a fully
reporting company, announced today that it has signed the purchase contract
and received a 10% cash down-payment from Plasma Processing Technologies Ltd
of England and Wales (PPT) for its first purchase of a Plasma Converter
System(TM).
The 20,000 pound per day Plasma Converter System, the first-of-its-kind
for PPTs processing and recycling facilities is scheduled for start-up in
2008.
Joseph F. Longo, president of Startech said, "We are especially pleased
by this sale to PPT because it will be the first Plasma Converter System on
the ground in Europe, a very important market for Startech."
About Startech -- The Environment and Energy Company
Startech Environmental is an environment and energy industry company
engaged in the production and sale of its innovative, proprietary plasma
processing equipment known as the Plasma Converter System(TM).
The Plasma Converter System safely and economically destroys wastes, no
matter how hazardous or lethal, and turns most into useful and valuable
products. In doing so, the System protects the environment and helps to
improve the public health and safety. The System achieves closed-loop
elemental recycling to safely and irreversibly destroy Municipal Solid Waste,
organics and inorganics, solids, liquids and gases, hazardous and
non-hazardous waste, industrial by-products and also items such as "e-waste,"
medical waste, chemical industry waste and other specialty wastes, while
converting many of them into useful commodity products that can include
metals and a synthesis-gas called Plasma Converted Gas (PCG)(TM).
Among the many commercial uses for PCG, is its use to produce "green
electrical power," Gas-To-Liquid (GTL) fuels such as ethanol, synthetic
diesel fuel and other higher alcohol "alternative" fuels. Hydrogen, for use
and sale, can also be separated and recovered from the PCG synthesis gas
mixture.
The Startech Plasma Converter is essentially a manufacturing system
producing commodity products from feedstocks that were previously regarded as
wastes.
Startech regards all wastes, hazardous and non-hazardous, as valuable
renewable resources.
For further information, please visit http://www.startech.net
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements, including
statements regarding the Company's plans and expectations regarding the
development and commercialization of its Plasma Converter(TM) technology. All
forward-looking statements are subject to risk and uncertainties that could
cause actual results to differ materially from those projected. Factors that
could cause such a difference include, without limitation, failure of the
customer to obtain appropriate financing for the project, general risks
associated with product development, manufacturing, rapid technological
change and competition as well as other risks set forth in the Company's
filings with the Securities and Exchange Commission. The forward-looking
statements contained herein speak only as of the date of this press release.
The Company expressly disclaims any obligation or undertaking to release
publicly any updates or revisions to any such statement to reflect any change
in the Company's expectations or any change in events, conditions or
circumstances on which any such statement is based.
Web site: http://www.startech.net
Steve Landa of Startech Environmental Corporation, +1-888-807-9443, +1-203-762-2499 EXT 7, sales@startech.net