SAN JOSE, Calif.--(EON: Enhanced Online News)--As the new joint venture partner for Green Technology Solutions, Inc. (OTCBB: GTSO) begins shipping e-waste to European smelters, GTSO is exploring other uses of waste materials in the booming waste-to-energy marketplace.
“This kicks off our e-waste partnership with Chilerecicla”
Chilerecicla, a premier Chile-based e-waste recycling company, has begun shipments of materials to Umicore, a multinational smelter in Brussels, Belgium. Although this shipment is not part of the joint venture operations, Chilerecicla’s shipment allows our partner to optimize the supply chain process and further the relationship it has developed with Umicore.
With the waste to reusable metals and minerals through Chilerecicla in full swing, GTSO is now free to probe the global opportunities presented in the exploding waste-to-energy market that Navigant Research reports is expected to grow from its current market size of $6.2 billion to $29.2 billion by 2022.
“This kicks off our e-waste partnership with Chilerecicla,” GTSO CEO Paul Watson said. “This shipment will prove the process to us and that the process works. Now that this operation is underway we have begun to actively explore the other goldmine in e-waste minerals, which is waste to energy and waste to fuels.”
Urban mining is pivotal to GTSO’s vision to compete alongside major international corporations striving for sustainable waste solutions, such as Covanta Holding Corporation (NYSE: CVA), Industrial Services of America (NASDAQ: IDSA) and Sims Metal Management Ltd. (NYSE: SMS). Late last year, GTSO acquired the company Global Cell Buyers and soon after rebranded the company as Green Urban Mining to handle its domestic recycling and resale operations.
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. (www.gtsoresources.com) is a growth-oriented company exploring rare earth minerals and precious metals production around the world. To learn more, please visit the website at www.GTSOresources.com/investors.html.
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