Green Energy Renewable Solutions Forms Joint Venture In Puerto Rico

Las Vegas-based Green Energy Renewable Solutions Inc., a developer and operator of municipal solid waste processing and recycling facilities, has entered into a Letter of Intent to form a joint venture with Landfill Solutions LLC of Puerto Rico, to remediate and manage the Yabucoa municipal landfill that has been closed since 2011. The remediation plan is designed to bring the landfill up to current operating standards and reopen the landfill for operations, while developing recycling and waste conversion facilities.  

Under terms of the agreement, the joint venture will provide immediate remediation of the Yabucoa landfill located on 50 acres in Puerto Rico. The initial phase of the project includes slope stabilization, construction of new road access and internal roadways and leachate, run-off and flood control to bring the landfill site in compliance with regulatory standards of the Autoridad De Desperdicios Solidos (ADS), the environmental control authority in Puerto Rico. The venture company expects to begin work on the site immediately and estimates that the landfill will reopen within the next six months.

Following completion of the remediation phase, plans include the development of a recycling facility and waste-to-energy conversion plant. The goal of the joint venture is to divert incoming municipal solid waste for separation and processing to capture recyclables, while converting the remainder to energy and fuels. The company believes the planned operations will reduce the material that is landfilled by at least 90 percent when fully operational.

Green Energy and Landfill Solutions LLC have been collaborating on the project since October 2011, and the signing of the formal agreement will make the two companies 50/50 partners in the venture company.

Additional terms of the agreement provide a 30-year lease of the landfill at no cost to The Venture Co., which had previously secured long-term MSW contracts to supply 500 tons of MSW per day to the Yabucoa landfill from four Puerto Rico municipalities. When completed, the estimated $100 million project will have a projected capacity to process at least 1,000 tons of MSW per day. The estimated output of the recycle and recovery operations include around 200 tons per day of recyclables, 350 barrels of sweet crude oil equivalent and up to 15 megawatts of electrical power output.

"We believe this joint venture is a tremendous opportunity to use our unique landfill diversion and energy conversion strategies to address the immediate needs of Yabucoa and the surrounding communities,” says Joe DuRant, CEO of Green Energy Renewable Solutions. “It is our belief that this operating facility will demonstrate our ability to dramatically improve the current waste disposal situation on the island of Puerto Rico, where there is currently no operating waste-to-energy plant. Our agreement is supported by long-term contracts that are expected to provide short-term, stable revenues while we develop recycling and waste-to-energy plant capacity for both fuel and electrical output. Long-term power purchase agreements and robust demand for fuels in Puerto Rico make this a very attractive location."