Global Environmental Outlines
$4 Billion in Annual Sales from Land Fills in China
Global Environmental Energy Corp. (OTC Bulletin Board: GEECF)
reported that it’s the directors of its subsidiary, Biosphere Development Corp., will visit China from August 23rd through
August 29th 2005 to finalize contracts with their joint ventures there. These include joint ventures the Shenzhen Branch of
Yankuang Group Co., Ltd., and the Shenzhen Rayes Group Co. Ltd.
The company indicated that the joint venture agreements involved
four stages. Stage One involves the establishment of a manufacturing facility in China for Biosphere Process Systems. Stage
Two, which is to be executed on or before February 2006, involves the deployment of 20 to 30 Biosphere Process Systems. Stage
Three, planned between 2006 and 2008, will deploy 300 Biosphere Process Systems estimated to generate sales of $700 million
per year. Finally Stage Four, planned between 2008 and 2010, is for the deployment of an additional 1,000 Biosphere Process
Systems, expected to generate over $4 billion in annual sales.
Global reported that China will need 800 to 900 million kilowatts
a year by 2020, but now only has the capacity to generate 350 million kilowatts per year. Global in the announcement noted
the large budgets the cities of Beijing and Shenzhen have planned for solid waste gasification projections. These include
a $6.6 billion solid waste gasification investment for Beijing. Shenzhen’s plan is to build seven municipal solid waste
gasification facilities in 2005 as it closes a number of existing municipal solid waste landfills.
Global also noted that China’s economy has been growing at
a rate of 10 percent annually over the last two decades and that waste has been growing at a rate of between 8 and 10 percent
a year. Today it is estimated that for every person in China, 440 kilograms of solid waste is produced every year.
