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Sustainable Power Corp. Enters Agreement for 300 Tons per Day Supply of Municipal Solid Waste
Thursday October 9, 12:33 pm ET
BAYTOWN, TX--(MARKET WIRE)--Oct 9, 2008 -- Sustainable Power Corp. (Other OTC:SSTP.PK - News) announced today that it has entered into an agreement with Amecks, Inc., providing for a partnership to provide densitized and pellitized municipal solid waste (MSW) for utilization in its reactors to produce biofuels and gas, and to generate electricity.
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Amecks has facilities which can provide a minimum of 300 tons per day of MSW which is utilized in SSTP's reactors and which when completed will produce electrical power to connect to the grid. For taking this MSW, SSTP will be paid $35 per ton.
As previously reported, SSTP's kWh produced from MSW outdistances the power produced by MSW incinerators by more than 10 times. Essentially SSTP produces electricity from our nation's garbage absent plastics, metals and other inert materials.
"This agreement provides us a never-ending supply of product for our reactors," said M. Richard Cutler, President of SSTP. "Instead of paying for feedstocks to run our biofuels reactors, Sustainable Power now will be PAID to take the products we turn into biofuel and gas, and ultimately into electricity."
Jerry Ketterer, President of Amecks, added, "We are excited that this partnership with Sustainable Power allows us to not only profit from the amazing technology I witnessed at Sustainable Power, but also helps to alleviate the nation's waste problems. By combining our technologies, we have a can't lose business with substantial benefits to our nation's communities."
Amecks and Mr. Ketterer have been in business for more than 25 years, including work in the waste business starting in the 1980s. Mr. Ketterer has substantial business experience which he brings to the partnership with Sustainable Power.
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