Archive for February, 2013

WTEC and Rank Progress Joint Venture Annoucement

Thursday, February 7th, 2013


Joint Venture

February 6, 2013 (Vancouver, British Columbia) – Rank Progress SA (“Rank Progress”) and Waste to Energy Canada Inc. (“WtEC”) are pleased to announce the formation of a Joint Venture, Rank Recycling Energy Sp. Z.o.o (“RRE”) for the sales, marketing and project development of waste processing facilities in Poland and Croatia using WtEC’s proprietary technology.

The JV Agreement was signed January 31, 2013 in the Canadian Embassy in Warsaw by Jan Mroczka, President of Rank Progress and Rod Taylor, CEO of WtEC in the presence of Alexandra Bugailiskis, the Canadian Ambassador Designate to the Republic of Poland.

Following Rank Progress’ success over the last fifteen years in developing over 300,000 square metres (3,228,000 sq ft) of retail and commercial developments in regional towns and cities throughout Poland, the Joint Venture will seek to emulate this success by working in partnership with municipalities to provide waste processing facilities through a Design, Build, Own and Operate business model.

The signing of this Agreement is the culmination of over one year’s joint project development work preparing the launch of the JV.

Present in Warsaw from WtEC was Rod Taylor, CEO, Alistair Haughton, COO, David Hanegraaf, CFO, and Stephen Cochrane, VP Projects and from the Government of Canada was Rouslan Kats, Trade Commissioner to Poland, Klaus Hoben, Director and Anna Wozniak of Export Development Canada.

Speaking at the event Rod Taylor, WtEC CEO said: “WtEC is extremely pleased to announce this Joint Venture with Rank Progress at a time when the Polish market is changing and developing quickly.  Through Rank Progress’ project development experience all over Poland we hope to quickly develop partnerships with several local municipalities”.

Rank Progress and WtEC would like to thank Miller Canfield’s Warsaw office and Salan’s Warsaw office for their respective advice and cooperation on the JV Agreement.

Waste Management in Poland

Waste management in Poland follows a National Waste Management Plan that follows the EU Waste Framework Directive (Directive 2008/98/EC) which in summary, requires that the waste hierarchy of reduce, reuse, recycle, recover and finally store, is adopted by local governments.

The country of Poland has traditionally relied on landfill as a means of dealing with its waste.  However, the changes in legislation require that waste is now processed which means the building of new facilities and an investment in processing equipment.

Rank Recycling Energy will seek to work with municipalities over an extended period of time to help them through this transition with the provision of project development, technology and operating experience.

About Rank Progress SA:
Headquartered in Legnica, Poland, the company is distinguished in the market by its unique strategy of preparing and carrying out projects, consisting of the acquisition of attractively located land and its development by building commercial facilities intended for rent or sale.  Rank Progress focuses mainly on medium-sized cities as they are typically less saturated with commercial facilities than large urban centres.

About Waste to Energy Canada:
Headquartered in Vancouver, Canada, WtEC provides integrated ‘clean and smart’ waste to energy and water infrastructure that creates sustainable community development around the world.  WtEC’s waste to energy technologies cleanly destroy waste and produce clean, renewable energy.  The systems are modular, scalable and can cleanly convert a variety of unprocessed waste types from municipal and industrial to medical and hazardous waste to biomass.   The self-sustaining thermal reaction requires very little ignition fuel, reduces waste volume by 95% and creates an energy rich gas that can be utilized for industrial purposes, heating and refrigeration, desalination and electricity generation.

About Rank Recycling Energy Sp. Z.o.o.:
Based in Warsaw and Legnica, Poland, RRE will provide new waste processing facilities and technology helping to divert Poland’s waste away from landfills.

For further information please contact:
Alistair Haughton, COO, WtEC

Rank Progress SA

Waste to Energy Canada

Rank Recycling Energy Sp. Z.o.o

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