WILTON, Conn., July 24 /Xinhua-PRNewswire/ -- Startech Environmental Corporation (OTC Bulletin Board: STHK), a fully reporting company, announced today that EnviroSafe Industrial Services Corporation of Puerto Rico plans to produce methanol and various synthetic fuels from the wastes it will be processing in the Startech Plasma Converter Systems in the EnviroSafe Recycling Facility in Puerto Rico.
Steve Landa, Startech VP, said, "The manufacturing and production process for EnviroSafe's Converters has been in progress, and the Company has received the scheduled payments called for in the Contract that was previously announced on May 24, 2007."
About Methanol
Methanol, sometimes called methyl alcohol or wood alcohol, is the simplest of all alcohols and is one of the most ubiquitous and important of all industrial chemicals. It is an easily stored and transported fluid with an international market in excess of five billion dollars per year. Methanol is used in the preparation of many pharmaceutical industry products, food industry products and as a basic building block in many chemical industry products.
Methanol is the cheapest and most versatile liquid fuel that can be made. While more efficient than gasoline, it is less flammable than gasoline: accidental fires can be extinguished with water instead of spreading as a flaming film. When used as a fuel, it emits no sooty carbon or sulfur compounds and is cleaner than gasoline.
Recognizing certain limitations, diesel engines in trucks, railroad locomotives, and ships can use methanol for at least 85% of their total fuel. Likewise, methanol can even be used in automobiles such as racing cars where performance and safety are the most important fuel considerations. In an accident at sea, there is no fire or oil slick because the methanol dissolves in water. It is easy and safe to transport and distribute.
About Synthetic Fuels
Synthetic fuels, synthesis fuels or synfuels is a name generally applied to alternative liquid fuels manufactured from various hydrocarbon materials, even from certain materials that may have been previously regarded as waste products. "Synfuels" is also a term often used to refer to the so-called "higher alcohol fuels" (fuels higher alcohol than methanol).
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 potential use to produce "green electrical power" and Gas-To-Liquid (GTL) fuels such as methanol and synthetic higher-alcohol "alternative" fuels. Hydrogen, for use and sale, can also be separated and recovered from the Startech PCG synthesis gas mixture.
The Startech Plasma Converter is essentially a manufacturing system that also produces commodity products from feedstocks processed that were previously regarded as wastes.
Startech regards all wastes, hazardous and non-hazardous, as valuable renewable resources.
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.
