(Vancouver, December 13, 2010) GreenAngel Energy Corp. (“GreenAngel”) (TSX-V: GAE) announce that Paradigm Environmental Technologies has commenced work on a $6,100,000 project to demonstrate MicroSludge® and anaerobic digestion at the Catalyst Pulp and Paper Mill in Crofton, BC.
Paradigm has supplied the mill with a transportable demonstration plant that will be fully automated and includes a MicroSludge unit, sludge thickening equipment, anaerobic digesters, and a laboratory. The plant will process a portion of the waste activated sludge (WAS) from the mill’s effluent treatment plant to show how it can be turned into biogas, a renewable source of energy. Learn more about how Microsludge turns waste into energy.
The demonstration will replicate mill operations in order to measure the operating savings at full scale. Installation of the equipment at the Crofton pulp and paper mill, located north of Victoria on Vancouver Island, is scheduled for early 2011. The demonstration trial is expected to last about 15 months. Following the Crofton demonstration, the transportable plant will be moved to other pulp mills for further trials.
On Friday December 10th, Minister Stockwell Day announced the Microsludge project as a “win-win-win” for the environment, the economy, and a weakened BC forest industry. Minister Day is bought into the project to a tune of 2.5 million of the taxpayer’s dollars.
This is also a win for GreenAngel Energy (TSX.V:GAE) and its investors as it demonstrates success for another investee company. GreenAngel Energy is an investor in Paradigm Technologies, and provides any investor an opportunity to become involved with exciting early-stage green technology companies. Learn about publicly traded GreenAngel Energy and Green Tech Investing.
Paradigm CEO Gordon Skene says, "This project will open up a new market for our MicroSludge technology in the pulp and paper sector, in addition to using MicroSludge at municipal wastewater treatment plants. We’re optimistic that by enabling much faster anaerobic digestion, MicroSludge will prove to be an economically viable and sustainable waste-to-energy process for the pulp and paper industry."
Michael Volker, Chairman of GreenAngel comments, "This early work on what will be a large installation marks an important milestone for Paradigm and will act as a valuable reference to help close similar deals at other locations."
About GreenAngel Energy
GreenAngel Energy Corp. is a green energy technology company. Our focus is commercializing new technologies that produce renewable energy, improve energy efficiency, or use renewable energy resources such as water, wind and solar. We also work with companies that deploy or manage technologies and processes that reduce greenhouse gas (GHG) emissions. In addition to providing strategic capital to investee companies, GreenAngel also provides business and advisory services to help ensure these companies achieve commercial success. The firms include Delaware Power Systems, Light-Based Technologies, Habitat Carbon Assets, Rapid Electric Vehicles, DPoint Technologies, and Paradigm Environmental Technologies. For more information, please visit www.greenangelenergy.ca.¬†¬†
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
ON BEHALF OF THE BOARD
Bob de Wit
CEO and Director
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company‚Äôs listing of its common shares on the TSX Venture Exchange. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.