Scorpex Receives $90M Equipment Financing Commitment
January 25 2012 - 4:15PM
Business Wire
Scorpex, Inc. (Pinksheets: SRPX) – an emerging leader of
industrial, hazardous and toxic waste disposal services in the Baja
Mexico/California region – announced today a $90 million financing
commitment from International Renewable Energy Facilitation Company
(InREFco) of Magalia, CA.
The commitment is for the financing of waste
gasification/thermal oxidation equipment at Scorpex’s
previously-announced site in Ensenada, Mexico. The financing is
linked to the recent purchase contract signed with International
Environmental Technologies, Inc. (IET).
“We are very excited about InREFco’s commitment to Scorpex,”
according to Scorpex Chief Executive Officer Joseph Caywood.
“InREFco’s endorsement affirms that waste gasification is an
effective solution to the waste disposal problems the world faces
today. Scorpex, with its affiliate IET and new relationship with
InREFco, anticipates additional financing commitments within the
next 30 days for our initial site and other potential
locations.”
InREFco and Scorpex are negotiating the terms of the financing
of equipment purchased from IET for the Ensenada, Mexico site.
InREFco specializes in the financing of waste
gasification/thermal oxidation equipment. It also finances
renewable energy and environmentally friendly projects for
businesses and governments.
About InREFco
InREFco is International Renewable Energy Facilitation Company.
InREFco is committed to helping communities around the world
harness local renewable resources and providing financing solutions
to help solve many of the world’s challenges.
For more information, visit www.inrefco.com.
About Scorpex, Inc.
Scorpex, Inc. is taking the necessary steps to own and operate a
full service waste disposal and recycling company, capable of
storing and disposing all types of waste, including those
classified as industrial, toxic, and hazardous. The location chosen
for the first Scorpex plant is strategically positioned to
accommodate the vast region of Baja California, Mexico.
For more information, visit www.scorpex.com.
Forward Looking Statements
This press release may contain certain forward-looking
statements regarding future circumstances. These forward-looking
statements are based upon the Company's current expectations and
assumptions and are subject to various risks and uncertainties that
could cause actual results to differ materially from those
contemplated in such forward-looking statements. Actual results,
events, and performance may differ. Readers are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as to the date hereof. The Company undertakes no
obligation to release publicly any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events. The inclusion of any statement in this
release does not constitute an admission by the Company or any
other person that the events or circumstances described in such
statements are material.
Scorpex (CE) (USOTC:SRPX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Scorpex (CE) (USOTC:SRPX)
Historical Stock Chart
From Jul 2023 to Jul 2024