Sino Fibre Contracts to Sell $25 Million of Biomass Machines
15 Giugno 2011 - 3:46PM
Sino Fibre Communications, Inc. (Pink Sheets:SFBE), announced today
that it has signed a sales contract via its Dalian Xinbao Biomass
Co., ("DBX") subsidiary for 15 Biomass Machines for US$25 million
to Europe.
DXB also signed a sales contract to sell five anaerobic
combustion gas generating system machines to Cyprus. The five sets
of machines will use (refuse derived fuel) "RDF" produced from the
olive oil extraction process and generate power through gas which
can handle 12 tons per day per unit producing 264,000 cubic meters
of biomass gas.
Through this system of five machines, it can generate 5,000
kw/hour of power at a total annual power generation of 43,800,000
kw, and can replace the use of 26,000 tons per year of standard
coal and eliminate the carbon emissions derived thereof.
Further, a Letter of Intent has been executed for ten sets of
Biomass Machines ordered from Greece. Each machine is of medium
size with a capacity at 2,200 cubic meters of biomass gas per
hour.
The 15 sets of anaerobic gas power generation systems can save
up to 78,000 tons of standard coal, which is equivalent to the
reduction of carbon emissions. Through the utilization of olive
residue, a by-product obtained from the olive oil
extraction process, it can solve the problem of olive oil residue
waste disposal and convert it into renewable energy and thus into
power generation. The production capacity of the factory is 100
sets of machines per year, representing a sales value of
approximately USD 200 million.
Daniel McKinney, CEO of Sino Fibre, commented; "This sale
vindicates the recent acquisition of DBX and the revenue will
provide a strong foundation for SFBE. It also demonstrates the
execution of our business plan and the cutting edge direction for
our biomass energy and business opportunity."
The Company is working towards getting the financials and SEC
filings current.
About Sino Fibre Communications, Inc.
Established in May 2005, Sino Fibre Communications, Inc. is a
Nevada Corporation.
Please see our websites at: www.sinobioenergy.com and our 60%
owned subsidiary: www.xinbaobiomass.com
The Sino Fibre Communications Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4102
This press release contains forward-looking statements based on
management's expectations and beliefs, and may involve known and
unknown risks and uncertainties and other factors that may cause
the actual results to be materially different from the results
implied herein. Readers are cautioned not to place undue reliance
on the forward-looking statements made in this press release.
CONTACT: Investor Relations:
Dennis Burns
Tel: 419-951-4842
denny@nvestrain.com
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