28 March 2011

PMC BioTec Participation in UK Trade Mission Identifies Opportunity

March 28, 2011 08:00 AM Eastern Daylight Time Waste to Energy Biotechnology Leader Confirms UK’s Commitment to Funding Strategic Renewable Energy Initiatives on Recent Trade Mission Led by Massachusetts Governor Patrick

BOSTON--(BUSINESS WIRE)--PMC BioTec, a global environmental biotechnology leader in the production of biogas, today announced, upon its return from a key trade mission to the United Kingdom (UK) conducted earlier this month, that the UK is committed to waste-to-energy initiatives including anaerobic digestion and the production of renewable biogas as part of a government mandate to achieve aggressive renewable energy levels.

“Based on the enthusiastic reception our renewable biogas technology received during our recent trade mission, PMC will be formally expanding its business operations in the UK”

Taking part in the Massachusetts Innovation Economy Partnership Mission 2011 led by Governor Deval Patrick, PMC BioTec met with leading government, university, and financial experts including Gregory Barker, the Minister of State in the Office of Energy and Climate Change for the United Kingdom. These meetings confirm the UK is committed to a goal of supplying 20 percent of its total energy requirements through renewable means by 2020 and allocating over £200 billion in funding for related projects.

“The positive reaction to PMC BioTec’s environmental biotechnology technology during our UK trade mission is encouraging,” said Massachusetts Governor Deval Patrick. “The potential for wide scale adoption of this cutting edge technology could translate into an economic windfall for the state of Massachusetts, which is one of the leading proponents of innovative clean tech solutions on a global scale.”

PMC BioTec’s groundbreaking environmental biotechnology produces the fastest and most efficient anaerobic digestion process that doubles the production of renewable biogas while eliminating energy intensive and costly residuals disposal.

“Based on the enthusiastic reception our renewable biogas technology received during our recent trade mission, PMC will be formally expanding its business operations in the UK,” said Frank Sinton, Jr., CEO of PMC BioTec. “With government mandates for renewable energy initiatives that include waste-to-energy solutions that can be implemented with our breakthrough anaerobic AFC process, the UK represents a tremendous market opportunity for PMC BioTec.”

Anaerobic digestion technology capable of high volume biogas production is an important aspect of the UK’s renewable energy objectives as high volumes of food, human and agricultural waste is readily available for economic conversion to renewable energy.

“The ROCs (Renewable Obligation Certificates) and tipping fees make waste-to-renewable energy farms very attractive in the UK, and we expect to be an important technology supplier to this market including exports of proprietary PMC equipment,” added Mr. Sinton.

About PMC BioTec

PMC BioTec is a global environmental biotechnology leader enabling waste water treatment operators, bio-refineries, and waste to energy biogas plants to double their production of biogas, recover nitrogen and phosphorus fertilizer, and virtually eliminate damaging and energy intensive residuals disposal. The company's groundbreaking advances transform millions of tons of environmentally harmful bio-solids into renewable natural gas capable of producing billions of BTUs, clean water and valuable fertilizers. For more information please visit: http://www.pmcbiotec.com/index.html.

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