BioHiTech Global, Inc., announced that its subsidiary, Rensselaer Resource Recovery, LLC, has received local permit approval from the city of Rensselaer, N.Y., to build a 72,000-square-foot HEBioT municipal waste processing facility on 23 acres of land in the city’s southern industrial area.
According to the company, the planned facility is expected to generate approximately $12 million of high margin annual revenue through a patented waste processing system that converts approximately 40 percent of mixed municipal waste into an U.S. Environmental Protection Agency-approved (EPA) solid recovered fuel. In addition, the facility is projected to reduce the total residual waste ultimately sent to landfills by as much as 80 percent.
BioHiTech controls the exclusive U.S. development rights for the patented HEBioT solid waste processing technology developed by Entsorgafin S.P.A. in 11 northeastern states and the District of Columbia.
The Rensselaer City Planning Commission unanimously voted to approve the project, which included an environmental review and issuing a special use permit in the industrial-zoned area. BioHiTech is now seeking final permit approval from the state of New York to begin construction on the project.
"We are excited to have taken this important step forward in our Rensselaer HEBioT facility project. Having these local permits in place signifies that together with the city of Rensselaer we can embrace the future of sustainable waste disposal through technology that can reduce landfill usage and generate an EPA-approved renewable fuel,” said Frank E. Celli, CEO of BioHiTech, in a statement. “We look forward to working with the state of New York to finalize the permitting process and bring this project to its fruition. With the first U.S. HEBioT plant in West Virginia nearing completion, our Rensselaer project achieving this significant milestone and our planning stage project in Philadelphia, we are well on our way to building a strong pipeline of HEBioT facility projects that will add significant high margin revenue to BioHiTech in the years to come. We look forward to rolling out this important technology in conjunction with our other cost-effective, sustainable waste management in order to build lasting value for our stockholders.”