Geoplasma has engaged Alter NRG for approximately $300,000 in engineering support and other services related to this project, which is expected to lead to further engineering and an approximate $25m plasma gasification equipment order upon successful development.

The St Lucie project is expected to process approximately 660 tons per day of feedstock consisting of primarily municipal solid waste from St Lucie County, plus tires and other permitted feedstocks and convert this into steam and/or power.

Geoplasma has a 20-year agreement with the county to process the waste into clean energy instead of continuing to bury it in the landfill.

Geoplasma is a subsidiary of the Jacoby Group, which has business interests in real estate, healthcare, education as well as clean energy.