Nerium, is creating an initiative to accelerate the deployment of Waste to Energy projects in the Middle East and North Africa “MENA” region.
Growing Population, economic prosperity and industrialization in the
countries have been contributing to the ever-increasing municipal solid wastes. Landfills through out the region have been overflowing, forcing governments to rethink ways to dispose of waste.
Planners in the region recognize that recycling alone will not be enough, and are moving forward with using waste-to-energy plants as a landfill alternative. Open dumping is the most prevalent mode of municipal solid waste disposal in most countries today. Existing landfill sites are under pressure and sometimes are not sufficient to manage the huge volume of waste generated.
The Company will focus on investments in certain countries that have strong economic fundamentals, waste management structure, high tipping fees and a big demand for additional power, difficulties adding new landfills and has major infrastructure and environmental concerns.
THE COMPANY HAS ALREADY IDENTIFIED THE NEED OF WTE IN MANY COUNTRIES AROUND THE WORLD
Nerium, through its consultants, has conducted an initial technical
assessment comparing and evaluating the different commercially
available and technically proven technologies following a certain set of
criteria that includes diversion rate of recycled products from landfill,
environmental impacts, financial feasibility, production of other marketable
products and contribution to long term municipal disposal plans.
The preliminary findings and assessments shows that while incineration is
currently the most widely deployed among these conversion technologies,
that gasification, is best suited for conversion of municipal solid waste.
The Company believes that establishing a regional proprietary and exclusive relationship with a technology provider offering cash strained governments and municipalities fully optimized and efficient solutions from design, development, funding, construction, and operations is crucial for it to develop competitively its pre-selected pipeline of projects.
The company has focused on gasification technologies and reached out to companies that have proven technologies, a successful track record, a number of commercially operating assets, access to development and equity funds and have strategic plans to conduct business or grow their existing business.
The Company has will retain a number of internationally recognized advisory firms to assist it in implementing its overall acquisition strategy and more specifically in its due diligence, project development asset valuation and deal structuring.