Project Financing for Red Deer Almost in Place
Moves by the federal government to pump more cash into the Green Infrastructure Fund and free up Export Development Canada to invest within the country will help finalize project financing for a Plasco facility in Red Deer.
Click here for more information.
On September 5, 2008 Plasco Energy Group Inc. signed a contract with Red Deer County’s Mayor, Earl Kinsella to build a 200 tonne per day waste processing facility.
Mayor Kinsella saw the benefits of Plasco’s technology and despite the small tonnage of waste his County generates each year, he was determined to have Plasco provide an environmentally superior waste management solution. To side-step this hurdle, Mayor Kinsella formed a waste commission (Central Waste Management Commission) with 9 neighbouring communities; the commission includes the following:
|
|
|
The process of establishing this commission was accomplished over a two year period and was the direct result of a successful collaboration between Mayor Kinsella, the neighbouring communities of Red Deer, and Plasco.
“After two years of diligent work by the Central Waste Management Commission, we are proud to be selected as the best solution for the conversion of waste.”
-(Chris Gay, Plasco’s Executive Vice President)
“This has been a long time coming and is a real move forward for us in Central Alberta…we are eliminating landfills, making the planet greener and it all works in rural Canada.”
- (Earl Kinsella, Mayor of Red Deer County and Chair of the Central Waste Management Commission)
If we fail to meet the Plasco Regulated Limit we will:
1. remove the plant at no cost and return the land to its original state,
2. end the supply agreement