BioHiTech Global Explores Additional Uses for Its Solid Recovered Fuel Including the Manufacturing of a Renewable Alternative to Plastic Packaging
The Company is also collaborating with a renewable materials manufacturer based in Israel that is expected to begin testing the SRF as feedstock for its renewable thermoplastic.
CHESTNUT RIDGE, N.Y., April 29, 2020 /PRNewswire/ -- BioHiTech Global, Inc. ("BioHiTech" or the "Company") (NASDAQ: BHTG), a technology and services company that provides cost-effective and sustainable waste management solutions, announced today that the Company has received several inquiries from both domestic and international companies to explore additional uses for the EPA recognized renewable solid recovered fuel (SRF) produced by its current and future HEBioT resource recovery facilities.
The Company has undergone initial testing with a US-based engineering firm servicing the federal government, to use its SRF as a replacement for coal in thermal processing applications for steam boilers and power plants. The Company is also collaborating with a renewable materials manufacturer based in Israel that is expected to begin testing the SRF as feedstock for its renewable thermoplastic.
BioHiTech launched its first HEBioT resource recovery facility in Martinsburg, West Virginia (the "Martinsburg Facility") in 2019. The Martinsburg facility is capable of processing 110,000 tons of municipal solid waste annually while producing 50,000 tons of SRF. That SRF is currently being utilized as a partial replacement for coal by nearby cement manufacturers. The processing of municipal solid waste at the Martinsburg Facility results in up to an 80% reduction in landfill usage.
"We are excited about the interest in our SRF for alternative renewable applications as we work to build our footprint of HEBioT resource recovery facilities in the US," said Frank E. Celli, Chief Executive Officer, BioHiTech Global. "During the first year of ramping up our operations at the Martinsburg facility, we have significantly improved the yield of SRF to a level that is now above our initial expectations. While this facility is dedicated to providing SRF to our cement manufacturing partners, having additional commercial uses for our SRF will increase the value of the product and enable us to increase the potential geographic locations for sighting additional facilities in the coming years. We look forward to working with these and other like minded companies committed to achieving a more sustainable future."
About BioHiTech Global
BioHiTech Global, Inc. is changing the way we think about waste management. Our cost-effective technology solutions include the patented processing of municipal solid waste into a valuable renewable fuel, biological disposal of food waste on-site, and proprietary real-time data analytics tools to reduce food waste generation. Our unique solutions enable businesses and municipalities of all sizes to lower disposal costs while having a positive impact on the environment. When used individually or in combination, our solutions lower the carbon footprint associated with waste transportation and can reduce or virtually eliminate landfill usage. For more information, please visit www.biohitech.com.
Forward Looking Statements
Statements in this document contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These statements, including statements about business expansion and potential uses of SRF, are based on many assumptions and estimates and are not guarantees of future performance. These statements may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of BioHiTech Global, Inc. to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. BioHiTech Global, Inc. assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation those set forth as "Risk Factors" in our filings with the Securities and Exchange Commission ("SEC"). There may be other factors not mentioned above or included in the BioHiTech's SEC filings that may cause actual results to differ materially from those projected in any forward-looking statement. BioHiTech Global, Inc. assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by securities laws.
Company Contact:
BioHiTech Global, Inc.
Richard Galterio
Executive Vice President
Direct: 845.367.0603
[email protected]
www.biohitech.com
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SOURCE BioHiTech Global, Inc.
