SOURCE: N-Viro International Corp.
TOLEDO, OH--(Marketwire - Jan 30, 2013) - N-Viro International Corporation (OTCQB: NVIC) (the "Company") reports developments for its N-Viro Fuel process technology used to convert wastewater treatment biosolids, animal manures and other suitable organic wastes into a valuable alternative to coal for energy production. The Company has witnessed a positive trend in the global alternative fuels market seeking to convert organic wastes into energy. The support includes distinctions made recently by the USEPA via administrative rule 40 CFR part 241.3(b)(4) that formally determines the qualifications for waste to be classified as non-waste fuel. This distinction provides a regulatory pathway for waste-derived fuel products to be blended with coal or other biomass as a secondary fuel source. N-Viro Fuel is positioned to be a compliant non-waste fuel that can be used in commercial power generation as the "renewable" market evolves.
Worldwide support for alternative fuel has encouraged tax incentives and plant modifications, and, some large-scale power plants have been designed to use biomass exclusively. China, in their 12th Five-year plan, has explicitly made multibillion dollar commitments to improve energy and waste management practices as a part of a comprehensive move to address climate protection goals. These efforts demonstrate a commitment to promote green alternatives, and N-Viro is working to jointly develop suitable projects within China. Work also continues on N-Viro Fuel development in Europe, Israel and domestically.
Other alternatives such as plant biomass, even though effective, provide some concerns about the amount of land required for production and the introduction of invasive species. Waste-derived "opportunity fuels" offer a sustainable and socially responsible option, thus diverting senseless landfill disposal. Land application of waste from sewage or manure is seen as a double threat to the environment, both for its possible effects on soil or groundwater, and its discharge of CO2 and methane into the atmosphere. Increased restrictions facing "land application" of biosolids has placed upwards price pressure for many wastewater facilities and has prompted a pattern of further regulatory action where nitrates, phosphorus and contaminant levels have become elevated. N-Viro has committed to leverage its experience in organic waste materials process technology to form partnerships and commercialize a sustainable fuel model that meets the needs of industry and the environment.
Tim Kasmoch, CEO of N-Viro International, commented, "The N-Viro Fuel technology includes proprietary innovations and techniques that significantly reduce the environmental impact of organic waste, and our testing of the N-Viro Fuel product promises a positive impact on power generation performance. The positive solution we offer to waste conversion and power generation is global."
Kasmoch continued, "Our corporate focus has been to secure new business opportunities in this exciting space, and after more than a decade of research and development by our team, we expect 2013 to deliver the first revenue contributions from N-Viro Fuel agreements."
About N-Viro International
N-Viro International Corporation specializes in the conversion of organic waste materials, utilizing proprietary processing technologies to manufacture alternative renewable fuel products for commercial combustion energy generation. The Company markets a waste to energy conversion solution utilizing municipal biosolids, agricultural manures and organic waste. The Company generates revenues by processing waste in the United States and internationally through licensing agreements.
Additional information is available at the company website, www.nviro.com or at the company blog, nvirointernational.wordpress.com.
Special Cautionary Note Regarding Forward‐Looking Statements
The Company cautions that words used in this document such as "expects," "hopes," "anticipates," "believes" and "may," as well as similar words and expressions used herein, identify and refer to statements describing events that may or may not occur in the future. These forward‐looking statements and the matters to which they refer are subject to considerable uncertainty that may cause actual results to differ materially from those described herein. For example, while the Company expects business expansion projects to begin in an estimated time frame, such expectations are subject to adverse economic conditions and other factors outside of the Company's control. Further, the Company's ability to increase capabilities and expand capacity is subject to the ability of the Company or its partners to access sufficient capital to pay for this expansion, which will further depend on, among other factors, market acceptance. The Company's ability to achieve profitability of these projects could be negatively impacted if there is a lack of an adequate supply of waste or expenses increase above the Company's expectations -- including fuel and transportation costs, labor costs and costs relating to the treatment and processing of the biosolids and creation of the N‐Viro Soil or N‐Viro Fuel. In addition, while the Company believes that trends in "greener" energy solutions are moving in favor of the Company's technology, such trends may not continue or may never result in increased sales or profits to the Company because of the availability of competing products and other alternative energy source. All of these factors, and other factors, will affect the profitability of the Company. Additional information about these and other factors that may adversely affect these forward‐looking statements are contained in the Company's reports, including its Annual Report on Form 10‐K for the year ended December 31, 2011 and other filings with the Securities and Exchange Commission. The Company assumes no obligation to update forward‐looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward‐looking information except to the extent required by applicable securities laws.