Global Energy has announced that the Company is currently in negotiations with joint venture partners in Germany and Poland for the construction of plants that would convert municipal solid waste materials into mineral renewable energy using technology developed by Dr. Christian Koch through his company AlphaKat GMBH.
Each of these projects has received the necessary environmental permits for the operation of a KDV500 unit. The Company intends to negotiate long term agreements for the sale of electricity to a German electric utility, and in Poland to sell the diesel to a third party.
The Company also announced that it is negotiating with a potential joint venture partner in the Netherlands for the conversion of biomass to energy using AlphaKat's technology. The diesel generators would consume renewable diesel produced from KDV500 units.
It is intended for the project to supply energy to the German National Grid under a long-term contract. Under our proposed agreement, our Dutch partner would secure on a long term basis the supply of the biomass to the plant, the sale of electricity to the grid and the lease for the required land for the project.
The AlphaKat Technology converts waste that has hydrocarbons to mineral renewable diesel that is expected to be equal or better than the European standard EN590 for mineral diesel for transportation. The intended joint venture agreements are subject to satisfactory negotiations and obtaining of all permits.
