N-Viro International Corp. Forms Joint Venture to Operate N-Viro Fuel Facility in the Mahoning Valley in Ohio
TOLEDO, Ohio, Nov. 13 /PRNewswire-FirstCall/ — N-Viro International Corp., (BULLETIN BOARD: NVIC) , an environmental and materials handling company that owns patented technologies that convert various types of wastes into the renewable biofuel N-Viro Fuel(TM), has formed a joint venture with SouthSide Environmental Group, a subsidiary of Schimley’s Excavating, Inc., to jointly construct, manage and operate an N-Viro Fuel facility in the Mahoning Valley, Ohio, (near Youngstown). This new facility will mark N-Viro’s second owned or operated facility in Ohio, and the third in total.
N-Viro International and SouthSide Environmental have identified several existing facilities in the Youngstown area in which they would be able to establish the anticipated operations. The focus is to, if possible, utilize an existing structure and install the necessary equipment to begin production of this biofuel as quickly as possible. The joint venture has also been in discussions with officials in northeastern Ohio and western Pennsylvania. N-Viro hopes to finalize the site selection process within the next three months. Once the joint venture secures the required permits from the Ohio EPA, it will begin converting the selected building into an N-Viro Fuel facility, a process that the company expects will take approximately six months, and to be operational immediately following that timeframe. Funding for the project is expected to come from various public/private financing options and/or private sources.
Initially, the company expects to be able to convert 200-250 tons of wastewater biosolids into biofuel daily, and will have the capacity to convert up to 500 tons per day, thereby increasing its current corporate capacity by more than thirty-three percent. N-Viro International recently announced that its Daytona Beach operation has ramped up to approximately 350 tons of biosolids a day, with the capacity to reach nearly 750 tons for the facility. It also recently extended its memorandum of understanding with Michigan State University to enter into a long-term arrangement for the design, construction and operation of an N-Viro Fuel facility at the University.
Timothy R. Kasmoch, CEO and President of N-Viro International, said, “This agreement is in line with our strategy of, where appropriate, identifying partners which will allow us to build, own and operate N-Viro facilities. We believe SouthSide Environmental is an excellent partner for us and provides the local presence we believe is needed to ensure project success. We are excited, in the present climate favoring alternative fuels, to be poised to begin producing our renewable fuel product for use by the energy sector to produce power from this often wasted biomass. N-Viro Fuel will reduce the amount of coal used by facilities burning it, and the environment will benefit.”
Mr. Kasmoch continued, “This area of Ohio opens up new markets to us. We have already been in discussions with municipalities in the northeastern area of the state, as well as with many in western Pennsylvania. Our discussions indicate there is large demand for N-Viro Fuel, and this new facility will dramatically expand our footprint and our production. Once it is up and running, we expect this facility to be profitable immediately.”
A representative of Southside stated: “Our firm has been operating in the Mahoning Valley for years. We believe that by working with N-Viro International and its management team, we will be able to offer an important service to harness alternative energy, while providing a virtually emission-free facility providing more jobs for the Mahoning Valley. We believe that N-Viro Fuel technology presents an excellent and environmentally advantaged option to its customers, many of which are seeking long-term solutions to their disposal of wastewater biosolids.”
More information about N-Viro International can be obtained by contacting the office or on the Internet at http://www.nviro.com/ or by e-mail inquiry to firstname.lastname@example.org
Special Cautionary Note Regarding Forward-Looking Statements
The Company cautions that words used in this document such as “expects,”"anticipates,”"believes” and “may,” as well as similar words and expressions used herein, identify and refer to statements describing events that may or may not occur in the future. These forward-looking statements and the matters to which they refer are subject to considerable uncertainty that may cause actual results to be materially different from those described herein. For example, while the Company believes that trends in sludge treatment are moving in favor of the Company’s technology, such trends may not continue or may never result in increased sales or profits to the Company because of the availability of competing processes. Further, the success and profitability of the project would depend on the actual revenues and expenses of the Company, which may differ from the Company’s estimates. Factors that may cause expenses to differ from the Company’s expectations include, fuel and transportation costs, labor costs and costs relating to the treatment and processing of the biosolids and creation of the N-Viro Fuel. All of these factors, and other factors, will affect the viability and profitability of the development, construction and operation of new facilities utilizing the Company’s technologies. Additional information about these and other factors that may adversely affect these forward-looking statements are contained in the Company’s reports, including its Annual Report on Form 10-KSB, and other filings with the Securities and Exchange Commission. The Company assumes no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws.
Contact: Porter, LeVay & Rose, Inc.
N-Viro International Corp.
CONTACT: Porter, LeVay & Rose, Inc., +1-212-564-4700, for N-ViroInternational Corp.
Web site: http://www.nviro.com/