SAN ANTONIO, TX, United States, via ETELIGIS INC., 11/25/2014 – – Transact Energy Corp. (OTCQB: TEGY), announced today the successful completion of Phase 1 of its Services Agreement with Fichtner Consulting Engineers Limited. The first phase provided for the feasibility analysis and preliminary design of the proposed TransAct Energy Zero Emissions Waste Optimization Plant TM (Z.E.W.O.P. TM) for Puebla, Mx. The study took six months to complete, it concluded based on design parameters that the initial Z.E.W.O.P. TM should be sized for 1320 tonnes of raw municipal solid waste and would be capable of processing the same without emissions to air land or water. The report goes on to establish the mass and energy balance of the waste and consumable’s going into the plant versus the products coming out, the high level CAPEX/OPEX, and the risks associated with developing a large industrial facility of this nature.
The report specifically concluded through the mass and energy balance study that 18 different product streams including water, fuels, waxes, sugars and carbon would be produced by the plant. Provided TransAct is able to maintain the commercial quality of these products during Z.E.W.O.P.TM processing and observing Fichtner OPEX, gross profits should be in the realm of $243 Million per annum subject to commodity fluctuations.
“After our Phase One Engineering review we are comfortable the TransAct Z.E.W.O.P.TM design will deliver a zero emissions solution to waste processing,” says Duncan Abernethy, Business Development Director, Fichtner Consulting Engineers Limited. “After TransAct and Fichtner working through the final design, construction, debugging and commissioning we will be able to say we are 100% there.”
“We are now in the process of presenting the Fichtner findings to the City of Puebla and the Puebla Waste Consortium,” says Rod Bartlett, President and CEO of TransAct Energy. “This is a huge milestone in the life of the Z.E.W.O.P.TM, the elimination of landfills and incineration.”
About Fichtner Consulting Engineers
Fichtner is one of the world’s leading independent engineering consultancy firms. Founded in 1922, the group has over 2,000 staff, with offices in 50 countries, and with project experience including technical advisory and project management services in more than 160 countries.
Fichtner offers a unique combination of technical, contractual and financial skills, with a core expertise in process, combustion and thermal cycle engineering. It has a proven capability of identifying; mitigating and managing the risks associated with complex process and power generation projects.
About TransAct Energy Corp.
TransAct Energy Corp. is a Nevada organized company trading on the OTCQB as TEGY. TransAct has set out to eliminate the impact of humans waste on the environment by capturing all of the resources in our refuse using innovations in process and technology. We do this by developing and implementing technologies that provide useable energy in sustainable ways.
Visit TransAct’s website www.transactenergycorp.com, follow them on twitter transactenergycorp@transactenergyc and contact them for more information about Transact Energy.
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This press release contains certain statements that may include "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," "anticipate," "optimistic," "intend," "will" or other similar expressions. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under applicable securities laws, the Company does not assume a duty to update these forward-looking
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SOURCE: Transact Energy Corp
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