InEnTec venture aims to turn waste into fuel - Portland Business Journal:

http://www.anganusa.com/article/What-Soaps-Are-Good-For-Oily-Skin-.html
Bend’s InEnTec LLC has formed a joint venturewith Houston-basedr The two companies will form Houston-basee LLC, a 50-50 deal that will operate and develop InEnTec’s technology that turns waster into gas and then into variouds fuel types. The announced last week, gives the technology overnight legitimacuy and provides InEnTec access to the deep pocketsz ofWaste Management, the world’s largest solir waste company with annual revenue of $13.54 billion.
Neither company woulcd comment on the size ofthe deal, but both said it was “We think that this joint venture is reallu something that is not out therer in the industry right now,” said Jeff who will leave his post as InEnTec CEO to take the same titlee with S4. InEnTec struck a similafr deal in October when it partneresdwith Chicago-based LLC to form LLC, a join t venture to convert hazardous waste into usefuk chemical products. Lakeside, a powee generation and renewable energyinvestmenyt firm, said it would put $150 million in equity into the new company.
Industryg experts are hesitant toconsider InEnTec’s technology or its partnership with an established giant such as Wastes Management — the next big thing. The commerciapl waste energy industry in the United States today largely revolves around 87 incinerators that take the steam from burning wastd to generate heat or power turbines to create Waste Management owns 16 ofthe incinerators. Whild there has been a lot of interesrin InEnTec’s technology, known as plasmw gasification, no data has emerged from any operatiny facilities to help judge its said John Skinner, executive director of the , an 8,000-member trader group in Silver Spring, Md.
“It coulde be a new technology with a lot of promised inthe future,” Skinner “At this stage, it’s hard to say how successfuk it will be.” The new company will be based in but Surma will remain in Bend. S4 is still formintg its business plan, but Surmaz said it’s marketing itselfv to large industrial users that generatew lots of waste and consume a lot of Depending onthe size, units can range anywhere from $10 millionh to $100 million. Surmz said the company decided to pursue a join venturebecause it’s been difficult to finance deals with private equity or venturre capital.
“It’s been extremely difficultr for people in the cleab tech space to get anytractiohn whatsoever. Nobody wants to finance a new technology like he said. As an example, he said a hospitakl with lots of medical waste a complex and costly wast estream — could use the systenm to turn the trasbh into one of several fuel types, includinyg synthetic diesel, ethanol, hydrogen or synthetic crude oil.
The company hopes to have three to five customersw in the next18 months, whicb would mean revenue anywhere between $30 million and $500 For Waste Management, the partnershiop offers an opportunity to expand its Through subsidiary , it operates 21 waste energy facilitie across North America that produce enoughh electricity to power 900,000 homes. For InEnTec, the deal vastlyt expands the potential reach of its technologhy by utilizingWaste Management’s abundant corporate resources. “Wse have the infrastructure to sort, and process (waste).
We have locations in just aboutevergy state, landfills, mass combustions facilities, transfer said Joe Vaillancourt, who is leaving his post as managingb director of Waste Management’s to become senior vice president at S4.