International Bio Recovery Corporation V.IBR

Vancouver Sun

[Flexy6]

International Bio Recovery Corp (C:IBR) Shares Issued 34,867,259 Last Close 9/1/2006 $0.21 Tuesday September 05 2006 - In the News The Vancouver Sun reports in its Monday edition local solid waste management firms are exporting green technology to China. The Sun's Wency Leung writes these include Richway Environmental Technologies. Richway designs and builds plants in China that convert solid waste into electricity. The company has four plants in operation there and another under construction. Beijing has introduced stricter environmental controls. Tighter regulations at the national level have put pressure on the municipal and county governments to adopt clean, energy-efficient technologies. Richway's flagship project in the city of Shenzhen, Guangdong province, takes in 300 tonnes of municipal waste a day, and converts it to six megawatts of electricity. International Bio Recovery sold the master rights to its organic waste management technology in China to Shanghai-based CFO Holdings Corp. in 2002. CFO began operating its first plant using IBR technology in Baotou, in Inner Mongolia, last year. Instead of composting, IBR technology uses bacteria to digest organic waste from food, agricultural production, livestock farming and municipal sewage sludge into high-quality, environmentally friendly fertilizer. © 2006 Canjex Publishing Ltd.