Sludge Watch ==> EnerTech Environmental SlurryCarb Facility in California

[Maureen Reilly]

Helane Shields:

No longer can the sludge bullies say landspreading is their only option . . 
. LA is now  beginning deep well injection - sludge waste to methane 
production, and groundbreaking will soon begin on following Southern 
California sludge/biosolids to energy project . . . . . .

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http://www.renewableenergyaccess.com/rea/news/story?id=48068


April 10, 2007
EnerTech Environmental Closes Financing on SlurryCarb Facility
Atlanta, Georgia [RenewableEnergyAccess.com]
EnerTech Environmental announced that the first commercial SlurryCarb 
facility in Rialto, California, has completed financing and will begin 
construction immediately.

"EnerTech and its partners have taken a monumental step toward reshaping the 
biosolids management and renewable energy sectors in North America and we 
are thrilled to have supported them through this venture."

-- Jin Matsumoto, Paperboy Ventures, Senior VP


The transaction, valued at $150 million, was financed through equity and a 
combination of tax exempt and taxable bonds. Deutsche Bank will purchase 
100% of the bonds.

The Rialto SlurryCarb facility will convert 675 wet tons per day of 
biosolids from five municipalities in the Los Angeles region into 
approximately 145 tons per day of renewable fuel. The renewable fuel, called 
E-Fuel, will be used by a local cement kiln as an alternative to coal.

"EnerTech is ready to break ground on the Rialto project and begin the 
process of constructing a facility that will expand the renewable energy 
market in Southern California," said Kevin Bolin, EnerTech president. "We 
believe, along with all of our stakeholders, that this is the first of many 
SlurryCarb facilities."

"Companies like EnerTech, that find new, eco-friendly solutions to industry 
challenges, are paving the way for the future," said Jin Matsumoto, Senior 
Vice President of Paperboy Ventures, which provided the Series A round and 
working capital necessary to bring this project to financial close. 
"EnerTech and its partners have taken a monumental step toward reshaping the 
biosolids management and renewable energy sectors in North America and we 
are thrilled to have supported them through this venture."

A formal groundbreaking ceremony is planned for May 2007.