Blue Horizon Announces Signing Of A Memorandum Of Understanding
(firmenpresse) - RED DEER, ALBERTA -- (Marketwire) -- 03/12/13 -- Blue Horizon Industries Inc. ("Blue Horizon" or the "Corporation") (CNSX: BH) announced today that its wholly owned subsidiary Blue Horizon Bio-Diesel Inc ("BH Bio-Diesel") has signed a Memorandum Of Understanding ("MOU") with Owaste2Energy Canada Limited ("OWaste").
The intent of the MOU is to jointly and exclusively utilize OWaste's technology. The technology consists of state of art municipal waste sorting equipment. OWaste will be able to deliver feed stock for BH Bio-Diesel's proposed renewable diesel refineries. Don Allan, President and CEO of BH Bio-Diesel says "Together the two companies have strong synergies that will change the way municipalities throughout the world handle their garbage. We are excited to work with Owaste in reducing the garbage that is now sent to landfills and buried. We believe together we can build our companies into world leaders in the waste-to-fuel industry."
About Blue Horizon Industries Inc.
Blue Horizon Industries Inc. is a diversified industrial company with a four-fold strategic focus. The Corporation operates through three subsidiary companies; Blue Horizon Energy Inc. - 100% owned ("Blue Horizon Energy"), Blue Horizon Bio-Diesel Inc. - 100% owned ("BH Bio-Diesel") and Blue Horizon Mining Inc. - 74% owned ("BH Mining"). Blue Horizon Contracting ("BH Contracting") and BH Energy are wholly-owned divisions of Blue Horizon Energy. BH Contracting is currently working with BH Bio-Diesel. BH Energy holds exploration interests for oil and gas in Western Canada having participated in 3 test wells and one horizontal well in 2011. BH Mining is advancing two mining projects in British Columbia and BH Bio-Diesel has an exclusive sub-license agreement to build green renewable-diesel plants in Canada.
The shares of the parent company, Blue Horizon Industries Inc., are listed to trade on the Canadian National Stock Exchange ("CNSX") under the symbol BH.
Further information with respect to the Blue Horizon Group of Companies can be obtained by visiting: .
About Owaste2Energy Canada Limited
OWASTE has obtained the rights for the Canada and other territories to distribute a long established milling technology, developed in the United States from the mining industry. This technology has been converted to handle waste material, in particular household and certain construction wastes, into Refuse Derived Fuel ("RDF") and compost. The company, Inergy Plus Technology Inc. of San Antonio, Texas, have entered into a Distribution Agreement with OWaste for the exclusive use of their Vertical Advanced Gyroscopic Mill (AGM), also known as the PowerMaster. The PowerMaster technology and process has the ability to reduce moisture without the application of heat and produce an RDF with a high calorific value for industrial sale in.
This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at . The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
Neither the Canadian National Stock Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian National Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Blue Horizon Industries Inc.
Donald Allan
President & CEO
(403) 340-0864
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Datum: 12.03.2013 - 15:04 Uhr
Sprache: Deutsch
News-ID 238598
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RED DEER, ALBERTA
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Parts and Accessories
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