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Sun Pacific Holding Corp Announces Update on Rhode Island Medical Waste to Energy Project
Sun Pacific Holding Corp Announces Update on Rhode Island Medical Waste to Energy Project.
About this update from Sun Pacific Holding Corp.
[{"type":"text","content":"\nMANALAPAN, N.J., June 07, 2018 (GLOBE NEWSWIRE) -- Sun Pacific Holding Corp. (OTCQB:SNPW) announces that it has achieved several new milestones in its progress towards the development of the Company’s Rhode Island medical waste to energy project.\n\n \n \n \n \n \n \n \n \n \n \n \n MEDRECYCLER Logo\n \n \n \n \n \n \n \n \n\n As previously announced in February of 2018, the Company launched a Medical Waste to Energy project that would be located in Johnston, Rhode Island.  A facility that could process up to 70 tons of medical waste per day.  A facility that could generate megawatts of electricity that could be sold back into the electrical grid.  A closed loop next generation pyrolysis facility that can accept medical waste from the New England region, while producing a profitable byproduct from the sale of both energy and an ash like byproduct. Sun Pacific’s opportunity in Rhode Island is the Company’s first response in targeting a global medical waste market place that is expected to reach $33.4 billion by 2025. Sun Pacific’s goal is to target and build out other strategic Waste to Energy opportunities in North America in support of its high efficiency gasification technologies. The Company since February 2018 has worked diligently to advance its efforts on this project and we are pleased to announced several new milestones towards that effort, that include: A wholly owned subsidiary was formed and established called MEDRECYCLER, that is planned to hold a number of state specific subsidiaries that will operate facilities in various location across the Country. A subsidiary that will operate under MEDRECYCLER that was formed and established called MEDRECYCLER RI, that will house and operate the specific Johnston Rhode Island facility. A Logo and Trademark was formed and established around the MEDRECYCLER brand that is being further developed that will includes websites, marketing materials, and other soon to be launched efforts that the MEDRECYCLER organization will operate under: http://www.globenewswire.com/NewsRoom/AttachmentNg/c91aebdd-4730-4e94-be8f-e58be3d7ee5d Bank debt financing has been sourced and is currently under review, along with the option of working with the State of Rhode Island to allow the Company to use bond funding alternatives in the conversion of the debt t...