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Sparta Capital Ltd. On the Right Track as Biomass Advancement Surges

V.SAY

Sparta Capital Ltd. On the Right Track as Biomass Advancement Surges

Not for distribution to U.S. Newswire Services or for dissemination in the United States of

America. Any failure to comply with this restriction may constitute a violation of U.S.

Securities laws



Calgary, Alberta (FSCwire) - Sparta Capital Ltd. (TSXV: SAY.H) (the “Corporation” or “Sparta”) is strengthened by recent advancements in biomass technology, as well as consumption predictions.

 

Sparta’s subsidiary, ReECO Conversion Technologies, has a clear vision of turning waste into clean energy through a cost-effective processing system.

 

“Everything we are hearing tells us we are on the right track. Europe has taken the lead when it comes to certain aspects of biomass production, but the market is huge and the thirst for the product is growing,” said Tom Brown, President of Sparta Capital.

 

International data shows that just in the United States 4.6 quadrillion British thermal units of energy from biomass were consumed in 2013, but that number is steadily rising. U.S biomass energy production is expected to grow to close to 6 quadrillion (BTU) in the next 15-20 years.

 

Advancements in biomass are now happening regularly. Some recent examples include:

 

  • International manufacturer (Hurst boiler) commissions a third generation poultry litter-fueled boiler
  •  The Canadian and Manitoba governments provide funds for 12 projects to increase the use and development of biomass fuels
  •  The announcement of a new biomass research centre opening in Liverpool, UK
  •  The U.S Energy Department announces funding for new technologies that produce biofuel from algae.
  • The Spanish research centre Tecnalia develops legume protein-based films and coatings
  • Lynemouth power station in UK to be converted from coal-fired to wood burning using wood pellets from North America.

 

Bioenergy spans a wide range of resources, from wood and pellets to energy crops and waste streams so it offers a diverse and often readily available energy source.

 

The European Commission 2020 Directives to Member States is expected to accelerate the development of renewable heating, which could also influence the growth of the biomass market in North America even more.

 

About Sparta:

 

Sparta Capital Ltd. fosters and distributes a range of energy efficient solutions. Late last year, the company acquired all of the outstanding shares in Canadian based Newport Environmental Technologies Ltd. Now under the Sparta banner, they are in the process of securing several other licenses for technologies developed to save fuel while reducing carbon emissions in various markets. This year, Sparta established three new divisions, Sparta Technologies 4 Mining Ltd; to cater to the special needs of the mining industry, Illumineris Inc; a company that focuses on glow-in-the-dark safety products, and ReECO Conversion Technologies Ltd.; a biomass conversion division.

 

About : ReECO tech

 

ReECO Conversion Technologies Ltd. is a Canadian biomass company dedicated to converting waste-to-energy with an ultimate goal of developing self-sustaining eco-systems. ReECO can provide unique ways/processes to transform various waste streams into useable products, thus giving a new life to waste that would ordinarily end up in a landfill. Wood waste is one example.

 

For further information please contact:

 

Teresa Madaleno – Communications, Sparta Capital Ltd.

Email: tmadaleno@spartacapital.com

Telephone: (416) 877-3915

www.spartacapital.com

 

Cautionary Statements

 

This news release contains “forward-looking information” within the meaning of applicable securities laws. When used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Corporation believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, readers are cautioned to not place undue reliance on forward-looking information because the Corporation can give no assurance that they will prove to be correct. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date of publication of this news release and the Corporation undertakes no obligation to update such forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Furthermore, the Corporation undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Corporation.

 

Neither TSX Venture Exchange Inc. (nor any of its separate boards which includes the NEX) nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

The common shares have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/SpartaFeb42016.pdf

Source: Sparta Capital Ltd. (TSX Venture:SAY.H) http://www.spartacapital.com/

 

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