This news is classified in: Traditional Energy Power Generation
Nov 21, 2014
N-Viro International Corporation (OTCQB: NVIC) submits a surety bond and preparation permit to the Pennsylvania Department of Environmental Protection. This general permit allows the final test fuel to be manufactured, completing this step to the domestic commercialization of N-Viro Fuel™.
The mobile N-Viro Fuel™ pilot project was installed in April 2011. Successful completion of the first trial burn at a 10% substitution was conducted on September 9 and 10, 2011. The final phase of the project starts with the award of the general permit that is expected by the end of 2014. As previously discussed on July 23, 2012, an agreement with a Pennsylvania power generation company provides revenue for the project via a one-time, non exclusive license fee for the use of the N-Viro Fuel™ technology during the final test period. The test fuel will be purchased to execute a 20% substitution of the commercial energy heating value required by the electric producer.
The Company has successfully demonstrated the N-Viro process technology provides a simple, robust and scalable solution to disposal of waste byproducts. The expected issuance of this operating permit along with the USEPA determination received earlier this year offers the Company the tools to move forward and aggressively leverage the opportunity.
A Global and Regional Analysis: Focus on Product, Application, and Country
Download free sample pagesRecent meetings held in China resulted in a Memorandum of Understanding with Southwest University of Science and Technology to work collaboratively to develop the first China N-Viro Fuel™ process facility at this prestigious university.
Timothy Kasmoch, CEO and President of N-Viro International, had these comments; "I will always be optimistic about the long term global potential that the N-Viro Fuel process can deliver the Company. We confirm the decline in the first nine month earnings during 2014 filed on November 19, 2014 but reiterate the global market potential for the deployment of the N-Viro Fuel™ technology to uphold the future success and financial health of the Company."
