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
rgalterio@biohitech.com
www.biohitech.com
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SOURCE BioHiTech Global, Inc.