Sources inform ''Globes'' that Arrow Ecology and Engineering Overseas Ltd. and its partners have won a $17 million municipal solid waste to biofuel conversion project in southern California. Arrow Ecology's share of the project is $7-8 million, plus maintenance fees over the 20-year franchise.
CR&R Waste and Recycling Services Inc. operates in the greater Los Angeles area. Arrow Ecology will handle 50,000 tons of municipal solid waste a year sent from CR&R's sorting facilities.
Arrow Ecology and Engineering Overseas was spun off from Arrow Ecology in 1999. Arrow Ecology was founded in 1975 to treat industrial waste, oils, and sludge. Its solid waste unit has 35 employees, and is now hiring marketing staff, process engineers, and machine engineers.
CR&R secured financing for the project, and has applied for a US federal grant from the Obama administration's stimulus plan.
Consensus Business Group of the UK and a large Israeli investment company have invested $15 million in Arrow Ecology to date. The company's ArrowBio process can recycle 85% of municipal solid waste and converts the rest into biogas, such as methane and carbon dioxide, greatly reducing the need for landfills. Some of the biofuel can be used by heavy machinery.
Published by Globes [online], Israel business news - www.globes-online.com - on April 13, 2009
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