W2 Energy Inc. to Form Biodiesel Subsidiary
June 30 2008 - 9:59AM
Marketwired
NEW YORK, NY , the leading worldwide provider of micro and mini
waste-to-energy technology, has formed a subsidiary which produces
biodiesel. The new company will build and operate biodiesel plants
throughout North America.
The new plants will use magnetic pulse cavitation technology to
produce the biodiesel.
"The magnetic pulse technology uses less energy, less methanol,
and creates a more pure biodiesel," says Mike McLaren, CEO of W2
Energy. "We are excited to bring this new technology into the
marketplace."
Biodiesel production requires large amounts of methanol. W2
Energy's biodiesel plants will not buy methanol; they will create
their own methanol from on-site waste to liquid fuel plants, which
will turn municipal solid waste, tires, agricultural waste or even
human waste into methanol.
"On-site methanol production allows W2 Energy to produce
inexpensive biodiesel," says McLaren. "It also helps preserve the
planet. We produce the fuel we need while getting ride of the waste
we don't."
This W2 Energy subsidiary will build its first biodiesel plant
in Toronto. This plant will produce 2.5 million gallons per day of
biodiesel from a combination of waste vegetable oil and
jatropha.
The subsidiary will maintain W2 Energy's "no fuel from food"
policy and will use jatropha, waste vegetable oil and other
non-food oils as feedstock.
W2 Energy seeks producers of Jatropha, Algae and Waste vegetable
oils who can commit to long-term contracts.
About W2 Energy Inc.
W2 Energy Inc. is a growing, publicly traded company that
develops renewable energy technologies and applies it to new
generation power systems. Specifically, W2 Energy Inc.'s plasma
assisted biomass to energy plants utilize state of the art
technologies to produce green energy both fuel (sulfur free diesel)
and electricity at the most efficient cost in capital investment
and production per/barrel, per/Megawatt.
Safe Harbor for Forward-Looking Statements: Except for
historical information contained herein, statements are
forward-looking statements that are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements involve known and unknown risks
and uncertainties, which may cause the company's actual results in
the future periods to differ materially from forecasted
projections. These risks and uncertainties include, among other
things, energy market volatility, product demand, market
competition, and risk inherent to the company's research and
development operations.
For further information, please contact: W2 Energy Inc.
Info@w2energy.com www.w2energy.com