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Garb Oil & Power Corp. has formed a consortium with Soil Remediation Inc. (SRI), Steel Valley Design Inc., LMW Holding Company Inc., Odyssey Environmental LLC, Robert D. Carcelli, Inc., Liberian Holding Corporation, Inc., and Three C's Distributing, Inc., to build 10 E-Scrap (E-Waste) plants worth $135,000,000. The Consortium Company will take the name of eWaste USA Inc.
Wednesday April 14, 2010, 8:23 am EDT
SALT LAKE CITY--(BUSINESS WIRE)--Garb Oil & Power Corporation (OTCBB:GARB) www.garbop.com announces that it has formed a consortium with seven other companies to build 10 E-scrap (E-Waste) plants in the eastern part of the US. The combined value of the projects is $135,000,000, spread over the next 24 months. Garb has finalized the agreement with Soil Remediation Inc. (SRI), Steel Valley Design Inc., LMW Holding Company Inc., Odyssey Environmental LLC, Robert D. Carcelli Inc., Liberian Holding Corporation Inc. and Three C's Distributing, Inc. The plants will process a combined 300,000 metric tonnes of E-Scrap (E-Waste) per year using the latest Garb technology in 10 states across the Eastern US seaboard. The plants will employ over 500 people once fully operational and will apply the Garb ClosedCycle™ principal of leaving NoWaste™. First plant will be completed 1st QTR 2011 with delivery of first machines expected by September 2010 and delivery of plants will continue to 1st QTR 2012.
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