Astra Energy Inc. Secures Rights for Regreen Proprietary Waste-to-Energy Technology

Rhea-AI Summary

Astra Energy Inc. (ASRE) has signed an agreement with Regreen Technologies Inc. and Global Sustainable Technologies to access proprietary waste-to-energy technology. The deal grants Astra exclusivity in regions including Africa, Jamaica, Brazil, and Canada, enabling them to deploy this technology. A pilot project is underway in Huntington Beach, California, aimed at converting various waste forms into low-emission biofuels and clean electricity, addressing climate change solutions. The technology promises efficiency, marketable by-products, and potential carbon credits due to reduced greenhouse gas emissions.

Positive

• Exclusive rights to deploy waste-to-energy technology in Africa, Jamaica, Brazil, and Canada.
• Pilot project nearing completion in Huntington Beach, California.
• Potential to convert various waste materials into low to zero emission biofuel products, syngas, and clean electricity.
• Marketable by-products include reclaimed water, high BTU solids, and biofuels, enhancing revenue potential.
• Possibility of generating carbon credits by reducing greenhouse gas emissions.

Negative

• None.

SAN DIEGO, Nov. 09, 2021 (GLOBE NEWSWIRE) -- via InvestorWire - Astra Energy Inc. (OTC Pink Sheets: ASRE) (“Astra” or the “Company”), a renewable and waste-to-energy project developer and technology acquisition company, announces the Company has executed an agreement with Regreen Technologies Inc. (“Regreen”) and Global Sustainable Technologies Inc. for rights to a proprietary waste-to-energy technology.

Under the terms of the agreement, Astra will receive exclusivity in the following regions in perpetuity to deploy the technology: Africa, Jamaica, Brazil and Canada. Astra Energy Inc. will also have priority in terms of equipment supply and delivery. The pilot project to demonstrate a working model of the system is nearing completion at a location in Huntington Beach, California.

“We are excited to engage in this strategic relationship with Regreen for many reasons. These are compelling times, and this technology will contribute to climate change solutions that we aim to be a part of,” stated Kermit Harris, president of Astra Energy Inc. “The technology is significant because it has the capacity to convert many forms of waste into low to zero emission biofuel products, syngas and clean electricity, making it the perfect solution for a biofuel blend that can clean the current emissions created by fossil fuels. Our goal is to create a supply chain of bio-crude as a commodity."     

About Regreen Technologies Inc.

Regreen is the sole owner of the total waste system (TWS), a patented process using specialized technology to turn any solid waste material into a marketable product. This includes not only industrial, domestic, institutional, construction and commercial waste, but it also includes specialized waste in organic forms such as food waste, livestock, hemp, seaweed, palm leaves and green biomass.

Waste recovery facilities must remove recyclable materials from the sorting line and the remaining waste is then landfilled. However, with the introduction of Regreen Technology, that is no longer the case. The key differences between the Regreen system and other solutions in the market are the Patented Radiant Heat technology, and the efficiency of its continuous process approach. The combination of these two unique differentiators enables the system to complete an end-to-end cycle in as little as 40-120 minutes, depending on feedstock, configuration and desired end product. The system achieves this with a minimal footprint and very little manpower or location requirements, speeding up the process by as much as 30,000% while also mitigating any waste by-product. Recently collected organic material that takes weeks to break down in a standardized anaerobic digestive process can also now be processed in an hour without damaging the rich nutrient content.

Depending on the input, the marketable end and by-products options include, but are not limited to: reclaimed water, solids with high BTU’s that emit less greenhouse gases (GHG), pellets ideal for the substitution of coal in the power generation industry, Syngas, Pyrolysis oil and fluff from organics waste used in fertilizers, construction materials and other applications. Another benefit is carbon credits can be generated because of the reduction of equivalent GHG emissions.

For more information on Regreen and the Total Waste System, visit: https://regreentechnologies.com

About Astra Energy Inc.

Astra Energy Inc. is an emerging company in project development and renewable energy technology. The Company invests in and develops renewable and clean energy projects in markets where demand is high, supply is limited and there is opportunity to address other imminent market needs, while cultivating a portfolio of intellectual property and global licenses for innovative renewable energy technology and generating projects to deploy that technology.

Astra’s corporate strategy is rooted in securing technologies and assets, identifying viable market opportunities, and bringing together resources, expertise, technology, and defined action plans to execute first-in-class projects that benefit communities, local economies, the planet and our investors.

For further information about Astra Energy, please visit the Company’s website at: www.astraenergyinc.com

Corporate Communications:
Heidi Thomasen
IR@astraenergyinc.com
1-800-705-2919

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FAQ

What is the recent agreement signed by Astra Energy Inc. (ASRE)?

Astra Energy Inc. has signed an agreement with Regreen Technologies and Global Sustainable Technologies to access proprietary waste-to-energy technology, allowing exclusivity in several regions.

What regions does Astra Energy Inc. have exclusive rights to for the new technology?

Astra Energy Inc. has exclusive rights to deploy the waste-to-energy technology in Africa, Jamaica, Brazil, and Canada.

What is the purpose of the pilot project in Huntington Beach, California?

The pilot project aims to demonstrate a working model of the waste-to-energy technology, converting waste into low-emission biofuels and clean electricity.

What by-products can be generated from the new waste-to-energy technology?

The technology can generate marketable by-products such as reclaimed water, high BTU solids, syngas, pyrolysis oil, and organic waste pellets.

How does the new technology address climate change?

The technology converts various waste forms into low to zero emission products, contributing to climate change solutions and potentially reducing greenhouse gas emissions.