Astra Energy (OTC: ASRE), a renewable and waste-to-energy project developer and technology acquisition company, has secured rights for a proprietary waste-to-energy technology. The rights were obtained through an agreement the company entered between Regreen Technologies Inc. and Global Sustainable Technologies Inc. Regreen owns a patented process that turns solid waste material into a marketable product. According to the agreement, has exclusive rights to the technology in Africa, Jamaica, Brazil and Canada, as well as priority in terms of equipment supply and delivery. The company also noted that a pilot project to demonstrate a working model of the system is nearing completion. “We are excited to engage in this strategic relationship with Regreen for many reasons,” said Astra Energy president Kermit Harris in the press release. “These are compelling times, and this technology will contribute to climate change solutions that we aim to be a part of. 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.”
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About Astra Energy Inc.
Astra Energy is an emerging company focused on project development and renewable energy technology. The company invests in and develops renewable and clean-energy projects in markets where demand is high and supply is limited, and where there is opportunity to address other imminent market needs. The company is also focused on 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 the company’s investors. For further information about the company, visit www.AstraEnergyInc.com
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