Global Energy Systems Consummates Georgia Landfill Gas Purchasing Agreement with Republic Services
February 09 2009 - 8:00AM
PR Newswire (US)
Hickory Ridge Landfill Gas to be Processed Into Saleable Energy
Product ATLANTA, Feb. 9 /PRNewswire-FirstCall/ -- Global Energy
Systems, a subsidiary of the diversified renewable energy company
Global Energy Holdings Group, Inc. (NYSE Alternext US: GNH), today
announced it has acquired the right to purchase landfill gas from
Republic Services, Inc. (NYSE:RSG), the owner and operator of the
Hickory Ridge landfill in Conley, Georgia. Global Energy will
process the landfill gas to convert it into a saleable energy
product. Global Energy paid Republic a total of $3,350,000 for the
landfill gas purchase rights and will pay Republic a royalty based
on revenues collected from the sale of the processed gas. Methane,
a greenhouse gas that is produced naturally during the
decomposition of landfill waste, is 23 times more potent than
carbon dioxide. Often, this landfill gas is isolated and flared to
prevent its release into the atmosphere. Rather than flaring the
methane from Hickory Ridge, Global Energy will construct a pipeline
to transport this gas to its gas conditioning facility. Global
Energy will then process the landfill gas into an energy product
that may be sold for a variety of uses. "Republic is very excited
to add this project to our portfolio of 80+ landfill-gas-to-energy
projects. It complements our operations in the Atlanta area and the
services and relationships we have with our customers there, and
furthers our goals of contributing to energy independence,
sustainability and environmental stewardship," says Bill Held,
Senior Director of Renewable Energy for Republic. Landfill gas is
recognized as a source of renewable energy by a number of State
renewable portfolio standards and the U.S. Environmental Protection
Agency (EPA). The U.S. EPA's Landfill Methane Outreach Program
(LMOP) has identified 23 landfills in the state of Georgia that are
promising candidates for landfill gas to energy (LFGTE) systems.
"Global Energy intends to work with a number of waste service
providers to develop LFGTE projects at landfills across the
Southeast United States," said Mike Ellis, President of Global
Energy Systems. "Global Energy's expert staff including our
management team and engineers will help us develop the Southeast's
energy potential." About Republic Services, Inc. Republic Services,
Inc. is a leading provider of services in the domestic,
non-hazardous solid waste industry. It provides non-hazardous solid
waste collection services for commercial, industrial, municipal,
and residential customers through 427 collection companies in 40
states. It also owns or operates 255 transfer stations, 219 solid
waste landfills and 86 recycling facilities. Republic serves
millions of residential customers under contracts with more than
3,000 municipalities for waste collection and residential services.
It also serves commercial customers throughout its expansive
service area. For more information, visit the Republic Services web
site at http://www.republicservices.com/. About Global Energy
Holdings Group Global Energy Holdings Group is a diversified
renewable energy company based in Atlanta, Georgia, with two
subsidiaries. Global Energy Systems develops renewable energy
projects, including biomass gasification and landfill-gas-to-energy
projects. Global Energy Systems also coordinates and implements
energy-efficiency projects, such as cogeneration and heat recovery,
for organizations that include government agencies and the U.S.
military. Global Energy Holdings Group provides tailored solutions
that capitalize on the nation's need for diverse energy resources,
while investing in promising innovations to help power the future.
The company trades under the ticker symbol GNH on the NYSE
Alternext US (formerly the American Stock Exchange). For more
information about Global Energy Holdings Group, please visit its
Web site at http://www.gnhgroup.com/. Global Energy Contact
Jeannine Ball (404) 814-2506 Republic Services, Inc. Contact Peg
Mulloy (480) 627-2887 DATASOURCE: Global Energy Holdings Group,
Inc. CONTACT: Global Energy Contact: Jeannine Ball,
+1-404-814-2506, ; Republic Services, Inc., Peg Mulloy,
+1-480-627-2887, Web Site: http://www.gnhgroup.com/
http://www.republicservices.com/
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