Montreal, 27 July, 2009
Novo Energies Corporation Selects GCM Consultants to Begin the Design and Installation of its First Operating Plant
New York, NY – July 27th, 2009 - Novo Energies Corporation, Inc. (“Novo”), a public
company traded on the Over the Counter Market (OTCBB) under the symbol “NVNC”,
announced today that it has selected GCM Consultants of Quebec, Canada to begin the
design and installation of its first operating plant to transform plastics and tires to fuels sources.
Novo Energies’ wholly owned subsidiary, WTL (Waste to Liquid) Renewable Energy, Inc.,
has developed and designed a novel proprietary process to transform plastics and tires waste to liquid fuels such as diesel, gasoline and fuel additives combining thermolysis and gasification among other processes. Novo Energies will build, own and operate small local plants to transform residual plastics and tires to valuable liquid low carbon fuels such as diesel, gasoline and fuel additives. Novo Energies’ strategy is to install small to medium capacity plants of 15 tons/day plastic waste (the size of a standard intermodal container) and/ or 30 tons/day tire waste (approximately 2400 tires/day) to generate approximately 50-65 barrels/day of fuel oil or fuel additives.
GCM is a full service engineering firm dedicated to the industrial projects in the oil and gas, petrochemical, metallurgy, and manufacturing process. GCM’s roster of clients include:
Ultramar, a wholly owned subsidiary of Valero Energy Corporation (NYSE:VLO), Owens
Corning (NYSE:OC), Petro-Canada (NYSE:PCZ), Royal Dutch Shell (NYSE:RDS),
Unilever (NYSE:UN), SC Johnson, a private company with over $7.5Billion in sales, among others. GCM will be providing Novo Energies with complete process services in connection with its plants.
“We are honored that we are able to work with GCM, especially in view of the fact that most of GCM’s clients are some of the largest multinational corporations. Our engineers have already commenced working with GCM to bring the first plant to fruition,” stated Antonio Treminio, Chief Executive Office of Novo Energies.
“GCM is looking forward to working closely with Novo Energies to bring the plants on line.
Novo Energies’ proprietary technology provides a framework to produce useable fuel or fuel additives on an economical and environmentally friendly basis,” stated Normand Thouin, President of GCM.