N-Viro International Announces China Project Agreement / N-Viro Energy Ltd. Signs Letter of Intent
September 23, 2015 Leave a comment
Toledo, Ohio, September 23, 2015 – N-Viro International Corporation (NVIC: OTCQB) announces our sister company, N-Viro Energy Ltd. (”N-Viro”), has executed a Letter of Intent with Zhejiang Jiangxing Joint Sewage Treatment Co., Ltd. located in Zhejiang Province. The City of Jiaxing is located just to the southwest of Shanghai, China. The agreement outlines a strategy for the parties to jointly develop N-Viro Fuel™, our waste-to-energy process, on proposed leased property within the sewage treatment plant.
The Zhejiang Jiangxing Joint Sewage Treatment facility is owned and operated by the City of Jiaxing and is one of the top five waste treatment facilities in China. Currently the facility produces 550 metric wet tons of sludge daily and has begun construction to increase the plant capacity to 1,500 metric wet tons per day. N-Viro plans to construct and operate the N-Viro Fuel processing facility to accommodate the current volume of sludge produced, adding additional capacity as the treatment facility expands.
“We look forward to working closely with the Jiaxing City Government to deliver a base model plant for sludge resource utilization in China,” Timothy R. Kasmoch, CEO and President of N-Viro International Corporation, said. “Currently, we are engaged to deliver the required information to complete the definitive contracts yet this year, and I plan to be back in China with our team in a few weeks and advance this project to completion,” Kasmoch concluded.
About N-Viro International
N-Viro International Corporation is a leader in the conversion of organic materials generated from industrial, agricultural and municipal sources. The Company’s proprietary, patented technologies, unique services and materials handling expertise are combined to offer turnkey solutions in both soil enrichment and alternative fuel development. For more information, please visit www.nviro.com or the N-Viro International Blog.
Special Cautionary Note Regarding Forward‐Looking Statements
The Company cautions that words used both in this document such as "expects," “hopes,” "anticipates," "believes" and "may," as well as similar words and expressions used herein, identify and refer to statements describing events that may or may not occur in the future. These forward‐looking statements and the matters to which they refer are subject to considerable uncertainty that may cause actual results to differ materially from those described herein. Additional information and factors that may adversely affect these forward‐looking statements are contained in the Company’s reports, including its Annual Report on Form 10‐K for the year ended December 31, 2014 and other filings with the Securities and Exchange Commission. The Company assumes no obligation to update forward‐looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward‐looking information except to the extent required by applicable securities laws.