Monday, September 7, 2009

ALTER NRG CORPORATION (OTCQX: ANRGF, TSX: NRG)

ALTER NRG CORPORATION (OTCQX: ANRGF, TSX: NRG), is pleased to report on its corporate activities and financial results for the three and six-month period ended June 30, 2009. The following are the highlights for the second quarter of 2009 and the period up to August 13, 2009.
  • Substantially completed the construction of Project Lighthouse, a commercial demonstration facility developed by Coskata Inc. (Coskata) that uses the Westinghouse Plasma Corporation (WPC) gasification solution to turn biomass into ethanol. The facility will begin operation in Q3 and represents a significant milestone in the development of cellulosic ethanol from non-food feedstocks.
  • Announced the signing of an alliance agreement with Uhde Engineering Consulting (Shanghai) Co. to provide engineering services, marketing services and jointly pursue business opportunities predominantly in the Asia Pacific region, including China. This alliance agreement provides Alter NRG presence on the ground in China and Southeast Asia through a well respected and capable engineering firm.
  • Travelled to China to follow up on interest generated from the initial visit in Q1 of this year. Alter NRG is currently advancing discussions with numerous large, credible Chinese companies and advancing a signed memorandum of understanding into a definitive agreement. The interest in China and Southeast Asia for the Westinghouse technology has been significant and the central government has aggressive plans to utilize renewable energy solutions.
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