USA PROJECTS IN DEVELOPMENT.
1. Orange County, New York Waste-to-ethanol Facility.
Significant investment by Masada has been made in preparation for construction and operation of the Orange Recycling and Ethanol Production Facility in Middletown, New York, which is scheduled to start construction in 2008. The facility will be the first commercially-operated, municipal solid waste-to-ethanol plant in America. The progress to date includes:
- Securing all major permits and approvals.
- Developing a risk mitigation plan to provide credit enhancements for debt financing, including possible federal construction loan guarantees.
- Securing strong relationships with key parties required for construction, start-up and operation of the facility
- Executing numerous supply contracts, letters of intent and other commitments to secure long-term revenue sources as well as garner community support.
- Completing an extensive engineering package, including specifications and vendor quotations with commercial terms.
The facility will utilize Masada's patented CES OxyNol™ process to recycle or convert to beneficial use more than 90% of the waste that enters the plant. Pencor Masada OxyNol, LLC, the project entity affiliate of Masada, was named preferred vendor in the City of Middletown's search for an integrated solid waste system in a public bid process.
The Masada facility will provide a local, economically viable and environmentally responsible method of treating municipal solid waste and waste water biosolids for a consortium of municipalities linked together by the common needs of an economical and environmentally sound waste disposal. Communities that contribute waste to the facility will realize immediate savings from stabilized "tip fees", reduced collection costs, and from avoided potential environmental litigation associated with landfilling and incineration.
2. Masada-Auburn University Partnership.
In January of 2007, Masada teamed with Auburn University, one of America’s leading research institution in renewable energy from biomass, to advance the company’s development of a commercially viable biofuel alternative for jet aviation fuels. The company is also pioneering with Auburn in paper pulp-to-ethanol technology.
In December of 2007, Masada donated the Tennessee Valley Authority's biomass pilot plant facilities and equipment in Muscle Shoals, Alabama to Auburn University. The facilities and equipment will be relocated to the University's E.V. Smith campus and used for research and development on biomass fuels and other beneficial byproducts. Masada purchased the TVA biomass facilities and equipment in March of 2007.
INTERNATIONAL PROJECTS IN DEVELOPMENT.
1. Masada-Zapata Partnership in the Dominican Republic.
In November of 2007, Masada teamed with RJ Zapata & Associates S.A., one of the largest privately owned groups of waste management companies in the Dominican Republic, to develop and operate commercial-scale waste-to-ethanol and electricity production facilities in the country. The two companies signed a long-term joint-venture agreement to build facilities in the Dominican Republic that will produce fuel-grade ethanol and electricity from ordinary household garbage.
Rafael Zapata, President of RJ Zapata and a leading businessman in the country, brokered the Zapata-Masada deal. The Masada-Zapata partnership allows the company to dispose of the City of Santo Domingo East’s municipal solid waste and create up to 30 million gallons of fuel-grade ethanol annually and substantial electrical power in the process. RJ Zapata operates a world-class waste hauling operation and is firmly committed to converting the Dominican Republic’s waste streams into clean, renewable fuels.
Masada has been the global leader of waste-to-ethanol technology for the more than twelve years. Working with the U.S. Government’s Department of Energy and Tennessee Valley Authority over the past decade, Masada developed and patented the innovative CES OxyNol process that converts household garbage anywhere in the world into fuel-grade ethanol and other beneficial byproducts.
RJ Zapata will be Masada’s exclusive waste-to-ethanol partner for the Dominican Republic under the 20-year agreement. The ethanol and other byproducts created at the Zapata-Masada waste-to-ethanol facilities will be sold locally or exported to other markets. The Masada-Zapata partnership comes at a time when the national government of the Dominican Republic is addressing the country’s energy production needs through strong laws that support this initiative.
2. Global Licensing Arrangements.
Masada is licensing its technology and process globally. The company is expanding its waste-to-ethanol business operations by teaming with existing waste management companies in Central America, the Caribbean, South America and Europe. The company has applied for and/or secured international patents in nearly three dozen countries.
