GreenWorld Development Inc. said it plans to build waste-to-energy plants in the United States, European Union and Asia by 2016, generating revenue of $250 million and processing 700,000 tons of waste.
The company said it is negotiating licenses in the U.S. and United Kingdom, along with developing its Ohio facilities, the company said in a news release. In a request for more information, GreenWorld replied in an e-mail: “Our rollout plans in the U.K. and U.S. are of a commercially sensitive nature. … In general terms, we are focused on the ‘waste-to-renewable’ and ‘waste-to-energy’ sectors, in which we are concentrating on old tire, rubber and municipal waste projects.”
The company’s first U.K. venture is a tire-to-energy facility that will generate 7 megawatts of renewable energy and take in 100 tons of tires a day. GreenWorld said the plants it aims to develop will be 200MWT utility-scale plants.