Conporec Signs a Contract Valued at More Than $ 22 Million CDN With The Regional Municipality of York (ON)
January 10 2008 - 7:00AM
Marketwired
SOREL-TRACY, QUEBEC (ALTERNEXT: ALCNX)("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 Becancour, 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 Becancour. 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 Becancour 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.
About Conporec
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.
Contacts: Conporec inc. Jean Beaudoin President and CEO
450-746-9996 418-527-9996 www.conporec.com French Media Jeanne
GUICQUERO jguicquero@actus.fr (+33) 01 53 67 35 81 Canadian Media
HKDP Communications and Public Affairs Frederic Berard
514-395-0375, ext. 230
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