June 25th, 2010
Mr. Swire remarked that “on the
occasion of the visiting world leaders to the G8 and G20
conferences in
Based on US EPA standards for the heating impact of ozone depleting substances, a larger, North American sized refrigerator-freezer can immediately release upwards of 20 tonnes of carbon dioxide equivalents when it is crushed and baled. Similar quantities are released albeit at a slower rate when old cooling units are left to rust in a landfill site. The potential savings for one GreenSafe plant is approximately 11 million tonnes per year. This is the midpoint of several estimates of the weight of ozone depleting substances used in the manufacture of older cooling appliances.
According to the US EPA, about three
quarters of the ozone depleting substances used in the
manufacture of refrigerators, freezers and commercial pop
coolers and chilling cabinets are not currently collected as
they are imbedded in the door and shell foam. This is an
area of great concern for the US EPA as well as the
manufacturers of cooling devices in
There are other positive impacts through demand side energy management by taking older units off the grid. Depending on their remaining useful life, an inefficient refrigerator may save a further 5 to 10 tonnes.
In addition, the GreenSafe process will avoid the environmental impacts of burning the coolants currently collected from the compressors and transported to distant locations.
Based on various government agency reports and studies by recognized environmental groups, approximately seven GreenSafe plants could offset the negative, annual impact of the Alberta Tar Sands.
June 24th, 2010
The eight-year exclusive contract with Offsetters will
monetize the carbon offsets from the three state-of-the-art
GreenSafe demanufacturing plants now under development. The
contract provides, amongst other things, an attractive floor
price for carbon offsets as well as a guaranteed minimum
purchase quantity.
Mr. Swire noted that “our long-term relationship with
Offsetters will generate considerable financial returns to
GreenSafe while significantly improving the environment by
reducing the amount of greenhouse gas emissions caused by
crushing or rusting refrigerators and freezers”.
April 30th, 2010 Mr. Peter Swire CMA, President of GreenSafe Demanufacturing Inc., announced today that GreenSafe Demanufacturing Inc (GreenSafe) has entered into a second equipment purchase contract with Adelmann Umwelt GmbH (Adelmann) of Karlstadt, Germany for the production, delivery, installation and commissioning of selected state-of-the-art demanufacturing equipment for two additional plants.
The equipment chosen will be able to process approximately 8 million units per year. All cooling equipment, major white goods, counter top appliances, cleaning and gardening equipment, electrical tools, computers and used office and restaurant equipment can be handled using the Adelmann equipment. In under a minute these end-of-life goods can be reduced to precision sorted valuable feedstock for re-use by various domestic manufacturers.
All ozone depleting substances (ODS) within the refrigerants and foam/insulating agents will be safely captured. The equipment ordered under this contract, running at capacity, will eliminate from the environment an estimated 22 million tonnes of CO2 equivalent annually by avoiding the release of ODS through intentional crushing or rusting out of discarded CFC-laden coolant and appliance foam/insulation at landfill sites.
A separate contract with another supplier will be providing the proprietary conversion equipment rendering the collected ozone depleting substances into a safe, value-added product thus avoiding third party burning.
This contract is valued at nearly $ 46 Million CAD.
The third party financing for the equipment was coordinated by Adelmann.
This equipment was ordered under the pre-existing option agreement.
Delivery is expected in 2011.
Adelmann has granted an exclusive right
to GreenSafe for the use of their demanufacturing equipment
in
Discussions are underway for exclusive
rights in the
April 16th, 2010
At the request of Mr. Hillard Herzog, President of Bergamo, the previously announced equity placement of $ 50 million USD and a standby flow-through line of credit facility of $ 70 million USD have been restructured to take into account various tax, regulatory and banking issues.
In its place, Bergamo E + A, FZC, a wholly owned subsidiary of Bergamo and domiciled in the United Arab Emirates, will be acquiring up to a 60% Net Profits Interest in GreenSafe.
The investment will be structured as a Participating Subordinated Note ranking behind any secured creditor and ahead of the Class A and Class B shares.
The Notes are redeemable by GreenSafe and are non-convertible.
GreenSafe is proudly 100% Canadian.
April 1st, 2010
Further, the Company announced that it
will accelerate its ongoing development discussions to
locate facilities at
In addition, the Board has approved
opening discussions with select towns in the State of
GreenSafe’s management has been
frustrated by the absence of a positive resolution to the
impasse
between the Town of
Further, GreenSafe has had no response
from the
Contrary to claims made in previous press coverage, GreenSafe contracted a full Environmental Impact Assessment which commenced in November 2009 and is at this date nearing completion of the EIA Registration Document and planning the public consultation process.
GreenSafe President Mr. Peter Swire also noted with regret that he is personally aware of many talented workers who are looking for new employment – a new beginning – who will now see 170 full time positions indefinitely deferred before they were even started. “We share the disappointment of the many people in Caraquet and throughout the Acadian Peninsula who supported this project from the outset, not only because it would bring huge benefits to Northern New Brunswick, but because they would have led the country in environmental stewardship removing 11 million tons of CO2 equivalent annually from the atmosphere, out of its first plant at Caraquet, and helping to halt or reverse global warming.”
GreenSafe has had an exceptional
working relationship with the Mayor and Council for the Town
of
Mr. Swire commented that he understands
the frustration these civic leaders feel after doing their
best to attract and promote business development in the
region and across
Mr. Clifford Kennedy, a Director of GreenSafe, commented that he is particularly appreciative of the work done by the environmental consultants and the community environmental focus group which was formed by GreenSafe. ”They worked diligently to review our confidential files and to understand all the factors which affect the local community in welcoming a new corporate citizen. Not one of them was in any way opposed to our presence.”
The irony of the situation is compounded by the fact that the entire GreenSafe business model represents their commitment to unprecedented levels of environmental protection in the region.
Arrangements have already been made with the contracting firms who were to construct the new building in Caraquet, and with the European equipment suppliers, for the relocation to an alternative community. Mr. Kennedy commented that much of the information gathered during the New Brunswick EIA process can be reused in other jurisdictions
The Government was well aware of
GreenSafe’s construction timetable and that if the
land issues
within the
March 31st, 2010 Mr. Peter Swire CMA, President of GreenSafe Demanufacturing Inc., announced today that GreenSafe Demanufacturing Inc (GreenSafe) has entered into an equipment purchase contract with Adelmann Umwelt GmbH (Adelmann) of Karlstadt, Germany for the production, delivery, installation and commissioning of selected state-of-the-art demanufacturing equipment.
The equipment chosen will be able to process approximately 4 million units per year. All cooling equipment, other major white goods, counter top appliances, cleaning and gardening equipment, electrical tools, computers and used office and restaurant equipment can be handled using the Adelmann equipment. In under a minute these end-of-life goods can be reduced to precision sorted valuable feedstock for re-use various domestic manufacturers.
All ozone depleting substances (ODS) within the refrigerants and blowing agents will be safely captured. Each plant at capacity will eliminate from the environment an estimated 11 million tonnes of CO2 equivalent annually by avoiding the release of ODS through intentional crushing or rusting out of discarded ODS-laden coolant and appliance foam/insulation at landfill sites.
A separate contract with another supplier will be providing the proprietary conversion equipment rendering the collected ozone depleting substances into a safe, value-added product thus avoiding third party burning.
This contract is valued at nearly $ 23 Million CAD.
The third party financing for the equipment was coordinated by Adelmann.
GreenSafe has an option on two addition plants until 2012.
Delivery is expected in September 2010.
March 17th,
2010
The dispute between the Town of
The acquisition of the underutilized farmland by the Town
took place over 40 years ago. About a decade ago the land
was grubbed and filled with sandstone to meet the approved
zoning standards for an industrial park. These changes were
made before the recent wetlands regulations were enacted in
2002.
The land in question was never a wetland as it sits 70 feet
above sea level on top of a coastal plateau. The physical
inspection by GreenSafe and statements made to the Company
by Town officials, and the local planning office bears this
out. The Minister of the Environment and his senior staff
were provided with photographic evidence in January 2010
showing the condition and uses of the site as far back as
1955. There wasn’t any evidence of surface water or
watercourses.
This development issue affects not only the entirety of the
Caraquet -owned industrial park, both north and south of the
former railway right-of-way,it affects as well the
industrial parks in nearby Tracadie and Shippagan.
GreenSafe is fully committed to the EIA process which covers all aspects of the demanufacturing process and the impacts on local traffic and noise. The issue of the use of the land is independent of the EIA process.
The most prudent solution to the issue of the zoning and use
of the lands within the industrial parks of the entire
For commercial reasons, GreenSafe will require a resolution
of the land use question by the end of March 2010. If a
satisfactory resolution between the Town of
March 16th, 2010
Representatives from GreenSafe along with the local planning
authority (CAPA) and Town of
Support from the Honourable Denis Landry and the Honourable
Hédard Albert, as well as Caraquet’s Mayor Antoine Landry,
could not convince (DOE) that the work done by the Town of
Caraquet to develop the Industrial Park was completed prior
to the 2002 enactment of the new law on Watercourse and
Wetlands and its associated regulations.
GreenSafe believes strongly in protecting the environment.
We have undertaken to conduct a fully transparent environmental assessment of the plant’s operations. We are especially proud of the dedicated work done by Roy Consultants and the community based environmental focus group. The plant at Caraquet is designed to save approximately 11 million tons of CO2 equivalent annually by avoiding the release of ozone depleting substances.
GreenSafe was also told by DOE officials that the entire
What GreenSafe believes is that the difference of opinion on
the application of the new law and the industrial park
zoning is a ruse to force the Town of
GreenSafe is caught in the middle in this dispute.
March 15th, 2010
Mr. Swire was disappointed by this news as it delays the
cost savings of $1 million per month from an all railway
movement into Caraquet.
Further, the delay impacts the environment negatively by
approximately 1,000 tons of greenhouse gas equivalent per
month.
Mr Swire noted that he and Minister Landry have an excellent
relationship. In fact, Mr. Swire has publicly commended the
Minister on a number of occasions regarding the speed at
which he shepherded an amendment to the Shortline Railways
Act to allow for new rail construction.
GreenSafe will continue to work with the Minister, the Town
of
February 6th, 2010
GreenSafe Demanufacturing Inc (GreenSafe) was one of the
highlights in the news coverage.
In addition to the future-focused words by the Hon. Denis
Landry, Minister of Transportation, and the Hon. Hédard
Albert, Minister of Wellness, Culture and Sport, Mr. Jocelyn
Larocque, P. Eng and General Manager for GreenSafe,
reported, at length, about the bright future of the flagship
Caraquet plant.
Mr. Larocque commented that with greater economic activity
and infrastructure enhancements, local businesses, including
GreenSafe, should see better input costs.
Community leaders, both on camera and off, have noted an
attitudinal shift towards a brighter future for the region.
Part of this is no doubt due to the announcement of our
125,000 square foot demanufacturing plant slated for a late
summer 2010 commissioning.
Further, government funded port enhancements valued at $ 25
million were recently announced for Bas-Caraquet, thus
helping to secure a bright future in that community. In
addition, the recent announcement for a new transportation
corridor incorporating both a highway and railway will
service both the redeveloped port area and the Industrial
Park.
The full news coverage en Français
can be found starting at 3 minutes and 49 seconds on the
attached link:
February 2nd,
2010
Offsetters is well qualified to handle GreenSafe’s carbon
credit monetization strategy given their position as
Canada’s leading supplier of high-quality carbon offsets.
With
potentially 11 million tons of carbon offsets available per
plant annually, GreenSafe’s proprietary processes will
permanently eliminate significant sources of greenhouse gas
emissions while enhancing shareholder value.
January 28th, 2010
Mr. Swire reported that by using intermodal services from
the start-up of the Caraquet plant, GreenSafe would generate
about 5,600 NT of Greenhouse gases (GHG). Once direct rail
shipments from, say a
The flagship Caraquet plant is expected to save between 7
and 15 million tons of carbon dioxide equivalents from the
collection and conversion of ozone depleting substances.
Depending on the age of the refrigerators and freezers being
demanufactured, more than half of the CFC’s come from the
door and shell foam. US studies show that crushing the
shells in a baler, after the CFC’s are removed from the heat
exchanger coils and compressors, releases most of the
imbedded ozone depleting substances at that time leaving
very little for destruction in the steelmaking process.
These numbers do not include the favourable impact on
avoided GHG’s from using fossil fuels in the generation of
electrical power. Further, the shipment of peat moss by rail
could save as much as 150,000 NT of CO²-e annually.
GreenSafe is investigating the procedures to register the GHG savings with a view of monetizing them at a later date. A future update will be posted on the GreenSafe website.
Mr. Kennedy reported that GreenSafe will set a new benchmark
standard for transparency with proactive, environmental
disclosure and community involvement.
Also in attendance were the Hon. Hedard Albert, Minister of
Francophonie and Wellness, Culture and Sport and the Hon.
Denis Landry, Minister of Transportation.
January 27th, 2010
“While GreenSafe will be a major shipper on the proposed
railway, it will not be the largest” reported Mr. Clifford
Kennedy, a Director of GreenSafe. Earlier Department of
Transportation studies clearly demonstrated that the
shipments of peat moss and fabricated metals would be
greater in volume.
In Acadian’s December 2006 Proof of Concept paper, presented
to members of the Cabinet, Acadian concluded that the
railway would be financially viable from its inception and
would demonstrate increasing cash flows.
Acadian would be able to reduce the shipment costs facing
GreenSafe by as much as $ 12 million per year, making the
flagship Caraquet plant even more profitable. Mr. Jocelyn
Larocque, P. Eng and General Manager of GreenSafe, declared
that “the inbound shipment of end-of-life appliances and
electronics by direct rail would reduce handling issues on
our receiving floor”.
Other presenters at the
Also in attendance representing the Province were the Hon.
Hedard Albert, Minister of Francophonie and Wellness,
Culture and Sport and the Hon. Rick Miles, Minister of the
Environment.
January 22nd,
2010
After
extensive consultation with retailing giants, GreenSafe
Demanufacturing Inc (GreenSafe) has made our “best-in-class”
tariff structure even better by enacting the following:
§
The “no-cost” freight
package has been extended to both the 5 year and 10 year
contracts
§
The early contract
cancellation penalties have been removed and replaced with a
much fairer “no cancellation” provision
§
Improved reciprocal language
on the point of sale and media links between GreenSafe and
the manufacturers, retailers and waste management providers
§
The 2010 patronage dividend
has been streamlined and incorporates a generous
“double-payout” for those firms and agencies signing on for
a 20-year “no-cost, no hassle” contract.
These
changes will be retroactively applied to the beginning of
our fiscal year.
It is expected that these market oriented changes will
permit GreenSafe’s
Caraquet plant to utilize its nearly 4 million end-of-life
unit capacity within months of its summer 2010
commissioning.
Preliminary site selection for two additional
demanufacturing plants is proceeding on schedule. The name
of the next two communities partnering with GreenSafe is
expected to be announced in spring 2010.
January 21st,
2010
Within the commercial restaurant market, GreenSafe is
capable of accepting
walk-in, upright and chest freezers; meat slicers, pop coolers, prep
tables, racking, refrigerators and warming cabinets
As corporate offices downsize, relocate or upgrade, our
plants will be capable of safely processing stacking chairs,
carts, computers, filing cabinets, photocopiers, servers,
racking, tables and telephone systems.
In the retail and institutional convenience markets,
GreenSafe’s technology can demanufacture display cases, ice
cream coolers, pop and milk coolers, shelving, snack machine
and soft drink vending machines to name a few.
If the undesired item is primarily made of metal or has
an electrical cord attached to it, GreenSafe can safely
dismantle it, recovering nearly 100% of the constituent
elements from the unwanted device.
GreenSafe’s Caraquet plant will have a capacity limit of
approximately 4 million end-of-life units annually and
employ nearly 200 persons.
January 13, 2010
Strategic is a large, multi-office public relations firm
which has consistently won accolades and industry awards for
creativity and deliverability. Using their coast to coast
presence, Strategic will be able to convey the GreenSafe
story in several markets and venues, in both official
languages.
Through
our new relationship with Strategic, GreenSafe aims to:
§
Drive consumer awareness of
the environmentally responsible end-of-life demanufacturing
methods employed at GreenSafe
§
Motivate manufacturers,
retailers and waste handlers to use our “no charge” service
§
Inform educators,
environmentalists and other concerned citizens of
alternative methods to conventional crushing of used goods
and the burning of ozone depleting substances by adapting
high quality offshore technology to meet the needs of the
The
strategy is designed to be fully scalable for eventual entry
into selected markets in the
January 11, 2010
Mr. Peter Swire, CMA, announced today that GreenSafe
Demanufacturing Inc (GreenSafe) has executed an agreement
with the Canam Group Inc (Canam) of
Canam, a major TSX listed company, has proven experience in
the construction of major roadway and railway bridges,
public facilities and industrial complexes. The NY Giants
and NY Jets combined sports facility, for example, used
Canam’s structural steel expertise.
The new 125,000 square foot facility (increased from its
original 100,000 square foot concept) will be designed for a
Leadership in Energy and Environmental Design (LEED)
certification for energy, air and water efficiency.
The delivery of the state-of-the-art European designed
demanufacturing equipment is anticipated for late June.
Shortly thereafter, used appliances will be taken from
previously collected inventory for commissioning and staff
training purposes. Short term design capacity limits will be
reached in September 2010.
January 4th, 2010
Mr.
Peter Swire, CMA, announced today that GreenSafe
Demanufacturing Inc (GreenSafe) has retained Roy Consultants
(Roy) of
Our environmental engineering specialists have been in
business for a quarter of a century operating from five
offices.
It is expected that the report will affirm our internal
estimates of over 4 million tonnes of CO²-e annual savings
from the environmentally sound disposal of ozone depleting
substances. Additional CO²-e savings from the removal of
older, high energy consumption devices are also expected.
GreenSafe’s management is actively taking measures to
identify other sources of carbon savings with the ultimate
objective to monetize these carbon equivalent savings.
January
3rd, 2010
Mr. Peter Swire, CMA, announced today the establishment of a
grass roots community based focus group to examine the
documentation relating to the construction and operation of
our flagship plant at
Mr. Swire has given his personal commitment to the process
by appointing Mr. Clifford Kennedy, a member of GreenSafe
Demanufacturing Inc.’s (GreenSafe) Board of Directors and
Mr. Jocelyn Larocque, P. Eng and General Manager, to this
focus group.
From the
-
Jean-Marie
Gionet, Chairman, COGEDES
-
Raymond
Arsenault, Executive Director,
-
Réginald
Boudreau, Chairman, Greater Caraquet Chamber of Commerce
Inc.
-
Louise Blanchard,
President, Festivin and an environmental activist
-
Cécile Lanteigne,
Member, Caraquet Green Committee and an environmental
activist
In
addition, the members will be supported by
Arthur Austin
P. Eng., Civil Engineer from Roy Consultants.
At the inaugural meeting held at Caraquet’s Industrial
Complex, Messrs. Kennedy and Gionet were appointed as
co-chairs.
In establishing this focus group, GreenSafe broke the mould
in the area of traditional environmental planning. By being
proactive and inviting our community leaders to hear the
story and challenge the facts, GreenSafe shows that it is
fully transparent and is available to hear and answer any
concerns that may be raised. Further, Greensafe will, at its
expense, send to
While an environmental review of this nature is not required
for processing of this complexity within a province,
trans-border movements do require an assessment at the
provincial level, thereby making it that much easier to
accelerate new plant construction across
Existing reciprocal protocols between
From an environmental perspective, the Caraquet plant will
achieve the following:
§
Less than one
truckload of waste will find its way to the local landfill
site per month, thus extending the life of landfill sites
from the diversion of hidden disposals.
§
Reducing the number of back
road cast-offs (or illegal dumping) of used white goods.
§
Collecting Ozone Depleting
Substances (ODS) such as CFCs, HFCs, PFCs HCFCs, IsoButanes
and Pentanes from both the coolant and the foam and
converting them to a safe and saleable commodity without
using burning practices that our competitors use.
§
ODS escaping from corroding
shells in landfill sites or from crushing in a scrap baler
are avoided from now on.
§
By using intermodal rail,
we reduce the carbon footprint.
The flagship
December 29th, 2009
Many larger
businesses will, at the request of senior management and
insurers, prepare a risk assessment of an enterprise. The
typical scope is to identify those areas where risks exist and
to mitigate the exposure to them. The development of new
procedures, periodic inspections and audits are typically
performed to ensure good business practices.
However, a
review of this nature does not consider the impact of third
parties on the productivity of a business. The Chessboard
undertaking will identify and quantify the myriad of outside
risks that affect the “bottom line”. The “what if” approach will
provide solutions to questions like:
§
If we have a heavy snow and our employees can’t get to work or
trucks carrying feedstock can’t make it to the plant, how do we
maintain consistent process flows?
§
If international situations require added security inspections
at the border, can we handle a delay from US sourced feedstock
providers?
§
What if sensitive documents are destroyed or copies made
available to our competition, how do we protect ourselves from
that loss?
§
Should the electrical supply have an interruption, what back up
systems are in place?
While none
of these are “insurance” issues, they are material financial
issues. A one hour interruption in the demanufacturing of
appliances and electronics at any one plant represents
approximately $ 49,000 in foregone revenue.
December 22nd, 2009
The agency
agreement with Panda is designed to source the necessary 53’
domestic shipping containers, fully certified for rail and
highway service in
October 15th, 2009
On
this site, a new, 100,000 square foot state-of-the-art
demanufacturing facility will be constructed. The Rue de
Capitaine location was selected as it is a little more distant
from the residential areas of the Town while still having ready
access to major highways. In addition, the site is strategically
located adjacent to a railway right-of-way and is not far from
the port facilities at Caraquet and Belledune.
The Town of
The actual date
for the ceremonial ground breaking has yet to be selected.
October 31st, 2008 Peter Swire, the
Founder, incorporates GreenSafe Demanufacturing Inc as a body
corporate under the Laws of Canada. Mr. Swire also announced that
GreenSafe’s first state-of-the-art demanufacturing facility will be
at