The final steps of negotiations will guarantee 100% of the money necessary to both begin construction on the 200 tons per day processing plant and finalize projected profits, revenues, and budgets for the upcoming projects.
Canadian National Railway and Canadian Pacific Railway will provide an estimated 1.5 million combined railway ties for use in the rail-tie-to-energy plant.
With the use of railway ties, the plant will be well underway to process them and reach their goal of producing 12-15 Megs of electricity.
GESI CEO Gordon MacKay said it has been a long time coming that we finalized all of its plans to turn waste into renewable energy for Canada; however the completion of the firm’s negotiations signals GESI reaching many goals.
"We can now begin plans for construction which will create numerous jobs and plan more solidly for our entry into the highly lucrative carbon credit industry," MacKay said.
