Energies acquires rights to new hybrid gasification technology
Novo Energies Corporation, an alternative
energy company, announced that it has entered into a Technology
Collaboration Agreement with Colorado based Precision Pipe and
Novo Energies has been granted a worldwide exclusive license
to use Precision’s proprietary gasification technology to convert
plastic and tire waste into energy products including electricity,
synthesis gases and other valuable commodities such as recovered
Novo and Precision have agreed to collaborate to enhance and
augment Precision’s existing operating pilot plant in Colorado,
at which time Novo will seek multiple facilities in the United
States and oversee the development of energy projects outside
of North America through its partner, Novo Energies International,
Antonio Treminio, CEO and chairman of Novo Energies, stated,
“In our search for the most efficient and economical methods
to convert plastic and used tires into valuable energy products,
we have spent the last 12 months evaluating several technologies,
including pyrolysis, gasification and microwave based systems.
As a result of such efforts, we have selected Precision’s gasification
technology based on the following:
- Allows efficient conversion of tires and plastic feedstock
- Environmentally friendly – the process produces zero toxic
emissions, making it a green energy technology.
- The preliminary synthesis gas resulting from conversion
of tires and plastic meets strict standards on quality and consistency.
- Has the highest carbon conversion of any known gasification
system on the market.
- Self sufficient by using the produced syngas to power the
- Low cost of production.
Novo plans to demonstrate the pilot facility in Denver, Colorado,
as a showcase unit for government officials, institutions, utility
companies and the investment community, as well as augment its
output to reach fully commercial quantities.