GTSO Eyes Big Opportunities Through New E-Waste Partnership
SAN JOSE, Calif.--(BUSINESS WIRE)-- 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.
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 (NYS: CVA) , Industrial Services of America (NAS: IDSA) and Sims Metal Management Ltd. (NYS: 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.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of success. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Green Technology Solutions, Inc.
Paul Watson, 408-432-7285
President and CEO
KEYWORDS: United States North America South America Chile California
The article GTSO Eyes Big Opportunities Through New E-Waste Partnership originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.