Engineering Update for EarthRenew Strathmore Facility; Live Webinar on Tuesday, November 17th
10 11월 2020 - 2:00PM
EarthRenew Inc. (CSE:ERTH) (“EarthRenew” or the “Company”) is
pleased to provide an engineering update on our Strathmore facility
recommissioning project. Laporte Engineering Inc. is nearing
completion of the detailed engineering design. In addition, major
equipment orders required for the recommissioning process are
underway. Our updated construction schedule anticipates a
construction contract award by the end of the year, with
construction activities on-site beginning early in 2021.
Discussions are under way with potential construction contractors
and EarthRenew expects to make a selection in the coming weeks.
The project will be constructed using a
two-phase approach:Phase 1: The first phase will see the
installation of drying and mixing equipment, which together will
produce a bulk-dried mix product. The completion of phase one is
expected to allow EarthRenew to produce a heat-treated organic
fertilizer product free of seeds, weeds and pathogens. Phase 2:
Phase two of the project will add pelletizing or granulation
machinery and will also include CCm Technologies Limited’s (“CCm”)
upgrading module, as described in our prior press releases dated
April 2, 2020 (EarthRenew Develops New Organic Fertilizer
Formulation with Higher NPK in Collaboration with CCm
Technologies). The second phase will build on the knowledge and
implementation insights gained during the phase one deployment,
which we believe will ensure EarthRenew is delivering a
high-quality product to customers.
The recommissioned facility is being designed to
generate 10 tonnes per hour of finished fertilizer product, a
significant improvement over the 4 tonnes per hour produced by the
original facility. Furthermore, the recommissioned facility is
designed to use 1.4 Megawatts
(“MW”) generated from the on-site
4.0 MW turbine, the waste heat from which will be used in the
dryer. Power generated by the turbine in excess of the 1.4 MW can
be used as an additional revenue source for the site.
EarthRenew’s President & CEO, Keith Driver,
commented; “We are very pleased with the design of the new facility
as we move from engineering to construction. We have built on our
historical knowledge to design a facility with expanded capacity
and scale. The two-phase construction process will allow us to
enter production sooner and decrease our commissioning period,”
Keith continued.
Live Investor Webinar on Tuesday, November
17th at 2PM ET
(12PM MST)
EarthRenew’s President & CEO, Keith Driver,
will be hosting a live investor webinar to discuss the engineering
update on the Strathmore Recommissioning project, other upcoming
major milestones, and share some commentary on the organic
fertilizer market. You can register for the webinar below:
Date: Tuesday, November 17th, 2020
Time: 2 PM ET (12 Noon
MST)REGISTER: http://7514767.hs-sites.com/www.rbmilestone.com/earthrenew_webinar_nov17
Have Questions? Mr. Driver will
be available to answer your questions following the presentation on
the webinar platform. You may also submit your question(s)
beforehand via email at erth@rbmilestone.com.
About EarthRenew
Inc.
EarthRenew’s mission is to support a farm system
that puts healthy soils and grower profitability back on the
table. EarthRenew transforms livestock waste into a
high-performance organic fertilizer to be used by organic and
traditional growers in Canada and the United States. Located on a
25,000 head cattle feedlot, our flagship Strathmore plant is
capable of producing up to four MW per hour of low-cost electricity
powered by a natural gas fired turbine. The exhausted heat from the
turbine is used to convert manure into certified organic
fertilizer. EarthRenew is listed on the CSE under symbol ERTH.
www.earthrenew.ca
For additional information, please contact:
Keith DriverCEO of EarthRenewPhone: (403)
860-8623E-mail: kdriver@earthrenew.ca
Cautionary Note regarding
Forward-Looking Information
This press release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, but is not
limited to, statements with respect to the recommissioning of our
Strathmore facility, including the expected completion of
engineering design, the timeline for the award of a construction
contract and the commencement of construction, and the two-phase
construction approach. Generally, forward-looking information can
be identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or statements that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
the Company to be materially different from those expressed or
implied by such forward-looking information, including but not
limited to: general business, economic, competitive, geopolitical
and social uncertainties; regulatory risks; and other risks of the
energy and fertilizer industries. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. The Company
does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
Neither the Canadian Securities Exchange nor its
Market Regulator (as that term is defined in the policies of the
Canadian Securities Exchange) accepts responsibility for the
adequacy or accuracy of this release.
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