Green Conversion Systems Takes Over Last Veolia Incinerator in Florida

Date: December 14, 2012

Source: Green Conversion Systems LLC

Green Conversion Systems LLC (Rye, NY) is taking over the operating contract for one of the largest waste-to-energy plants in the US from Veolia Environmental Services. The plant which is located in St. Petersburg, FL, and owned by Pinellas County, is the last of Veolia's US operations formerly operated under the Montenay Power Corp. subsidiary. The plant processes 3,150 tons of waste per day and generates about 75 megawatts of electricity that is sold to Progress Energy, a unit of Duke Energy Corp. Thomas Murphy, a 26-year veteran in the waste-to-energy business, will move from Veolia to become president of Green Conversion Systems' operating and business development divisions. With the exception of Pinellas County, Veolia mostly exited the US waste-to-energy business when it sold its plants to Covanta Energy for $450 million in July 2009. Veolia completed the sale of its US solid waste business to Advanced Disposal for $1.9 billion last month.

December 14, 2012

Green Conversion Systems (GCS) acquires the Operating Agreement for the Pinellas Energy from Waste (Waste to Energy) Facility in Tampa, Florida

Green Conversion Systems (Rye, New York) has completed the acquisition of the operating contract for the largest mass burn Energy from Waste Facility in the United States. The facility has the ability to process approximately 3,150 tons per day of Municipal Solid Waste and generates approximately 75megawatts of electricity for sale to Progress Energy, a unit of Duke Energy Corp.

Thomas (Tommy) Murphy, with twenty six years of experience in the Energy from Waste field, will transition with the acquisition to join GCS as the President of both the Operating and Business Development divisions. Murphy's goal, in joining the senior GCS team led by founder and Chief Executive Officer Marc McMenamin, will be to grow both business units. McMenamin notes that many operating contracts for existing Energy from Waste facilities are coming up for renewal-creating bidding opportunities for GCS. McMenamin further stated that GCS foresees a myriad of new project development opportunities in North America. Murphy will strengthen a seasoned and talented GCS team with his knowledge, deep industry relationships and leadership skills.

Green Conversion Systems is a privately owned developer and now operator of energy from waste facilities in North America and the Caribbean. GCS was founded in 2008 and is the exclusive North American technology partner of Fisia Babcock (FBE), headquarter in Germany. The City of Los Angeles recently selected GCS from among thirteen competing proposers to build a commercial-scale facility. The Los Angeles review process concluded that the GCS project will "set a new standard" for environmental performance of Energy from Waste projects in North America.

For more information, contact:
Green Conversion Systems LLC
Tel: (914) 925-1077
Fax: (914) 925-9344

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