Environmental Energy Resources Ltd. will set up Romania's first plasma waste treatment facility under a 25-year BOT (build, operate, transfer) project.
The system was developed by Israeli and Russian scientists at the Technion Israel Institute of Technology. Unsorted municipal and solid waste is placed in a reactor. Metal particles are separated by magnets and the remaining waste is sent containers where it is broken down by high heat.
The organic material is converted into gases, and the remaining waste turns into black gravel that can be used in infrastructure projects. The system can also handle medical and radioactive waste, thereby providing a waste treatment solution for nuclear power stations.
EER's shareholders include Urdan Industries Ltd. (TASE: URDN), Shrem Fudim Technologies Ltd. (TASE:SFKT), Makoto Takahashi's Tokyo Financial Group, the Canada-Israel Opportunity Fund, Leon Recanati, and Shlomo Nehama.
Published by Globes [online], Israel business news - www.globes-online.com - on January 6, 2008
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