Signs Recycling Agreement
posted on May 19, 2009 09:23AM
Building A Global Portfolio of Resource Projects
|May 19, 2009|
|G4G Resources Wholly Owned Subsiduary, Alternative Fuels Corporation Signs Recycling Agreement to Produce High Grade Waxes, Chemicals, Ultra Clean Diesel and Jet Fuel From Waste|
|VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 19, 2009) - G4G Resources Ltd. (TSX VENTURE:GXG) announces that its wholly owned subsidiary, Alternative Fuels Corporation (AFC) and Turtle Island Recycling Corporation (TIR) have reached a formal agreement in which TIR will supply 400 tonnes per day of recycling residuals (mainly plastics and paper). The waste residuals will be sent to a planned bio-refinery and chemical plant to be situated in Sarnia, Ontario where AFC will utilize its proprietary process to convert the waste into a range of specialty chemicals, waxes and ultra clean diesel and jet fuel.
"This is the first step, amongst many, to convert waste into value added products and clean up the environment at the same time. Landfills are toxic zones when one considers the amount of poison effluents and phenols that leak into our river systems from these sites. The conversion of landfill waste into value added products is a carbon neutral initiative when the right technology is used," stated Basil Botha, President and CEO of G4G Resources Ltd.
"Very few people are aware of the hazards generated by our daily waste and one example is the waste being shipped from Vancouver to Cache Creek in the BC interior, which has been documented as emitting toxic effluents," added Mr. Botha. "Even when attempts are made to capture methane, the amount of gas emitted to the atmosphere from these dumps is a greater danger than CO2 emissions. Incineration of the waste is not the answer either as it only yields relatively low value heat steam and electricity. Conversion of waste to high value transportation fuels and specialty chemicals is a major potential growth industry and one which will create real sustainable jobs for the Sarnia area and other areas that follow this path. The waste that is sent to landfill contains valuable, but wasted energy and diverting this waste for reprocessing should be a priority for all levels of government."
G4G Resources signed a memorandum of understanding (MOU) with the University of Witwatersrand's Centre of Materials and Process Synthesis (COMPS) on August 13, 2008, which will enable AFC to commercialize syngas to liquids production in the Americas. COMPS has successfully developed syngas to liquids demonstration and pilot plants in Australia and China and are in discussions with the owners of these plants to construct commercial scale facilities in both countries. The Sarnia plant will be a first for North America and should set the stage for rapid commercialization of this technology.
Mr. Botha continued, "While coal and natural gas feedstocks are viable sources of alternative fuel, industrial waste presents an immediate opportunity as a feedstock. Waste sent to landfills is a social, political and environmental problem and the upside is that we get paid to take it away and turn it into something of real value."
The COMPS process is a new generation of the Fischer Tropsch technology. The technology offers reduced CO2 emissions, reduced capital and operating costs, as well as simplicity of operation and ease of scalability and is sufficiently environmentally friendly to earn carbon credits. Another advantage of this technology over conventional technologies is the modularity of the design. Smaller production units can be put up in a shorter period of time with a fraction of the total investment to start generating a return on the investment once the first module is operational.
The fuels produced are clean burning; contain no sulphur, no particulate matter, no aromatics and no nitrous compounds.
About G4G Resources
G4G Resources is a Canadian-based mineral exploration and development company focused on iron ore and iron production projects. In addition, G4G is evaluating a number of other strategic growth opportunities to create and enhance shareholder value.