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$45M for GESI’s Alberta energy project

Green Energy Solution Industries (GESI) Inc. is working with a company in the US to put together $45 million of funding for a renewable energy project in Alberta using wood waste.


May 29, 2012
by PLANT STAFF

VANCOUVER: Green Energy Solution Industries (GESI) Inc. is working with a company in the US to put together $45 million of funding for a renewable energy project in Alberta using wood waste.

GESI has a strategic agreement with InREFCo, a Magalia, Calif. developer of thermal waste gasification technology, to deliver a 200 ton-per-day turnkey facility for a large-scale electricity plant or renewable fuel plant.

Feedstock will include railway ties, bridge timbers, poles and lumber treated with creosote.

InREFCo’s virtually emission-free gasification process results in ash and salts that are recycled in the “zero waste” product stream.

GESI, a Houston-based project development company, says the funding will be based on project revenues rather than equity funding.