OEC uses its patented technology1 to separate heterogeneous municipal solid waste (MSW) collected in one container into up to 20 constituent streams. Some of the materials (such as high value plastics and metals) are recycled; other streams (such as off-spec plastics, dry organic materials, green waste and wet organics) are used as feedstocks for fuel conversion processes that generate crude oil; drop-in fuels such as gasoline, diesel and jet fuel; and bio-methane. The flow of materials is shown in the illustration of OEC’s MaxDiverter® System, attached.
The Company's technology is implemented in facilities that are project financed. The projects are paid to process garbage. Operating and financing costs are largely covered through per-ton processing fees and the resultant diversion of materials from landfill burial. Each facility is expected to generate substantial additional revenue through the sale of various recyclables and high-value energy products. OEC has a long-standing relationship with the top environmental project financier in the U.S.A., Westhoff, Cone & Holmstedt (www.wcah.com). WCH has issued OEC a “soft commitment letter” to finance its projects.
All of the equipment components are commercially field-proven, manufactured and guaranteed to perform by the world’s absolute best-in-class suppliers. The systems integrator, Vecoplan ( www.vecoplanllc.com), is a 40-year old German based company that is considered the world leader in solid waste handling/processing systems. The entire OEC plant will be constructed and is guaranteed to perform by the world’s largest private construction company, Grupo ACS, (www.grupoacs.com).
As a consequence of the implementation of OEC's patented system, which uses guaranteed, commercially proven equipment, diversion is increased to 85% or more, materially exceeding the stringent 75% diversion goals set forth by many municipalities and states across the country. In addition, because the liquid fuels produced will be carbon neutral (or negative; the analysis is expected to be concluded in July, 2013), OEC can play a major role in achieving California's Low Carbon Fuel Standard (LCFS) and the Nation’s Renewable Fuel Standard (RFS.) Even without oil and liquid fuels, the diversion of waste away from landfills, coupled with anaerobic digestion, will contribute materially through significant GHG reductions mandated under CA AB 32.
OEC’s technology also can have profound salutary impacts on human health and water quality, particularly in the third world.
Mr. George Gitschel, OEC’s Co-founder and CEO, has 31 years of experience in designing and selling advanced materials-handling systems. He and Mr. Larry Buckle, the Company’s Co-founder and CTO, have been working together for 20 years to develop the OEC process and approach.
In 2006, Mr. Gitschel’s new design for the Roseville facility2, which is owned by the Western Placer Waste Management Authority and operated by Nortech Waste LLC, was brought on line. This plant serves as the Company’s “Version 1.0” design.
OEC was formed to develop, own and operate state-of-the-art MSW separation and fuels conversion facilities. Separation of waste in these facilities is based on OEC’s intellectual property, developed by Mr. Gitschel, and manifested to date in three patents issued by the U.S. Patent and Trademark Office, with all claims allowed. OEC has applied to nationalize these patents through the Patent Cooperation Treaty in Japan, China, India, the European Union, Brazil, Canada and Mexico. In addition, OEC has filed (4) Utility Patent Applications and (1) Provisional Patent Application (containing 10 breakout Patent Applications) with the USPTO.