BRUSSELS (Thomson Financial) - The European Commission said its inquiry
deadline for Acea SpA's proposed waste-to-energy joint venture with Pirelli & Co
unit Pirelli Ambiente is set for April 24.
Each company will own 50 pct in the joint venture, which will be called
A.PI.C.E.
In January, the two companies said A.PI.C.E. will use Pirelli Ambiente
patents to build and manage plants for manufacturing high quality solid
recovered fuel from urban waste (CDR-Q) that can then be used in thermoelectric
power stations and cement kilns.
CDR-Q is used as a partial substitute for coal in thermoelectric power
stations with economic and environmental benefits for the community, the
companies said.
The use of CDR-Q can reduce the difficulties of waste disposal, they added.
phil.mccomish@thomson.com
pam/am
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