Alter NRG Corp. Announces Equipment Sale and Strategic Alliance with Chinese Renewable Energy Company

Calgary-based Alter NRG Corp. announced the signing of a definitive agreement to construct a demonstration facility and also a letter of intent for licensing and development of future biomass-to-energy projects in China. The agreement is with Wuhan Kaidi Holding Investment Co. Ltd., a Chinese hi-tech investment company dedicated to environment protection, energy savings, clean combustion, technical system integration, new product R&D, EPC construction, commercial operation, asset management and diversified investment. Kaidi expects to construct one facility which can process approximately 50 to 100 tons per day of varying biomass materials before the end of 2010. Alter NRG will receive approximately $1 million in plasma torch orders and engineering services, access to all operational data from the facility and will establish fabrication capacity in the Chinese market through Kaidi. Alter NRG pursues alternative energy solutions to meet the growing demand for environmentally responsible energy in world markets.