Astra Energy Inc. Affiliate Astra Global Solutions, Inc. SAN DIEGO, Oct. 16, 2023 (GLOBE NEWSWIRE) -- via IBN -- Astra Energy Inc. (OTCQB: ASRE) (“Astra” or the “Company”) is pleased to announce that its affiliate, Astra Global Solutions, Inc. (“AGS”), has partnered with Inti Global Dominicana, S.R.L. (“Inti”) to secure the Dominican Republic National Coconut Program (“the Program”). The Program is an initiative to plant new hybrid coconut trees throughout the country to greatly enhance coconut production, in addition to creating a solution for tackling the remediation of legacy and new tree waste created.
AGS and Inti are providing the solution and have secured a 25-year concession agreement with the Dominican Republic Ministry of Agriculture to bring its book of disruptive waste processing and conversion technology to the country to process over 150,000 hectares of coconut, palm, cacao and tree waste through the Program into valuable commodities such as sustainable aviation fuel, biodiesel, organic cooking briquettes, organic activated biochar, herbicides, pesticides, and fertilizer derived from wood vinegar production.
"We are excited to have secured this position and to get started on this great adventure. Our partnership with Astra Global Solutions in bringing their book of waste processing and conversion technology to the Dominican Republic will serve as a valuable model for turning waste into viable commodities for the benefit of the countries we serve and all the Caribbean," said Andrew Keesee, president of Inti Global Dominicana.
Astra will benefit from its relationship with AGS as it advances business development activities in various regions around the world. Astra's subsidiary Regreen Technologies Inc. has licensed the territory to AGS for the Regreen Waste to Energy System and will provide the equipment.
"We are excited to work with Inti Global Domincana and Astra to remediate the agricultural waste problem while providing jobs, cleaning the local environment, and producing valuable commodities that will positively impact the Dominican Republic’s GDP and the health and welfare of its citizens," stated Douglas D. Hampton, president and CEO of Astra Global Solutions, Inc.
https://www.globenewswire.com/news-release/2023/10/16/2760787/0/en/Astra-Energy-Inc-Affiliate-Astra-Global-Solutions-Inc-and-Partner-Inti-Global-Dominicana-S-R-L-Secure-a-25-Year-Concession-for-Organic-Waste-in-Dominican-Republic.html