WILTON, Conn., Jan. 30 /PRNewswire-FirstCall/ -- Startech Environmental
Corporation (OTC Bulletin Board: STHK), a fully reporting company,
announced today that on January 26, 2007, its associate, Sicmar
International Panama S.A. signed the contract with the City of Chitre,
Panama securing the land and the waste contract for a 200 ton-per-day
Sicmar Plasma Converter Facility. The new Resource Recovery and Energy
Center in Chitre is in addition to the recently announced City of David
contract and also in addition to the 200 ton- per-day Las Tablas, Panama
contract. The Chitre Center will be processing the region's municipal solid
waste and also producing "green electrical power." The public signing
ceremonies in Chitre, attended by federal and local government officials,
were widely covered and publicized by the nation's media.
Victor Sziky, President of Sicmar International, said, "Panama is a
member of the Basel Convention on hazardous waste, a ratifier of the Kyoto
Protocols along with other international environmental treaties. Panama is
leading the way in the Western Hemisphere in its environmental stewardship,
and the government views these projects as an opportunity for it to begin
to align itself with its environmental commitments. The growing support for
these projects by the municipalities in Panama is now evident by this third
new contract.
"In the face of the challenge of the population growth, Startech and we
are playing an important role in helping to address the country's national
waste management crisis, and in the President's vigorous sustainable-
development initiatives."
At the Chitre contract signing, Startech VP Steve Landa said, "When you
process things such as municipal solid waste you get a rich synthesis gas
we call PCG. PCG can be used to make many things including fuels. We had
good discussions about the opportunities in non-grain alternative fuels.
And, while not in the facility's plans at the moment, Chitre also has an
interest in using its PCG as the feedstock to produce diesel and alcohol
fuels in the future."
About Sicmar International
Sicmar International Panama S.A., is a waste-processing-and-energy
project-development company headquartered in Panama City, Panama and the
Company's exclusive representative in the Republic of Panama.
For further information, please contact Victor Sziky at Sicmar
International Panama S.A., Edificio De Lesseps, Office 9-1, Avenida Muauel
Marie Icaza, Panama City, Republic of Panama or victorsicmar@gmail.com.
About Startech -- The Environment and Energy Company
Startech Environmental is an environment and energy industry company
engaged in the production and sale of its innovative, proprietary plasma
processing equipment known as the Plasma Converter System(TM).
The Plasma Converter System safely and economically destroys wastes, no
matter how hazardous or lethal, and turns most into useful and valuable
products. In doing so, the System protects the environment and helps to
improve the public health and safety. The System achieves closed-loop
elemental recycling to safely and irreversibly destroy Municipal Solid
Waste, organics and inorganics, solids, liquids and gases, hazardous and
non-hazardous waste, industrial by-products and also items such as
"e-waste," medical waste, chemical industry waste and other specialty
wastes while converting many of them into useful commodity products that
can include metals and a synthesis-gas called Plasma Converted Gas
(PCG)(TM).
Among the many commercial uses for PCG, is its use to produce "green
electrical power," Gas-To-Liquid (GTL) fuels such as ethanol, synthetic
diesel fuel and other higher alcohol "alternative" fuels. Hydrogen, for use
and sale, can also be separated and recovered from the PCG synthesis gas
mixture.
The Startech Plasma Converter is essentially a manufacturing system
producing commodity products from feedstocks that were previously regarded
as wastes.
Startech regards all wastes, hazardous and non-hazardous, as valuable
renewable resources.
For further information, please visit http://www.startech.net or
contact Steve Landa at (888) 807-9443, (203) 762-2499 EXT 7 or
sales@startech.net.
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements, including
statements regarding the Company's plans and expectations regarding the
development and commercialization of its Plasma Converter(TM) technology.
All forward-looking statements are subject to risk and uncertainties that
could cause actual results to differ materially from those projected.
Factors that could cause such a difference include, without limitation,
failure of the customer to obtain appropriate financing for the project,
general risks associated with product development, manufacturing, rapid
technological change and competition as well as other risks set forth in
the Company's filings with the Securities and Exchange Commission. The
forward-looking statements contained herein speak only as of the date of
this press release. The Company expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any such
statement to reflect any change in the Company's expectations or any change
in events, conditions or circumstances on which any such statement is
based.
SOURCE Startech Environmental Corporation
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Related links:
http://www.startech.net
http://www.prnewswire.com/comp/113537.html /
CONTACT:
Joseph F. Longo, President of Startech
Environmental Corp., +1-203-762-2499
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