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FOR IMMEDIATE RELEASE
STARTECH ENVIRONMENTAL PLASMA CONVERTERS TO BE INSTALLED IN RESOURCE RECOVERY AND ENERGY CENTER IN CHITRE, PANAMA
WILTON, CT, February 5, 2007 --/WORLD-WIRE/-- Startech Environmental Corporation (OTCBB: STHK), a fully reporting company, announced today that on January 26, 2007, its associate, Sicmar International Panama S.A. signed the contract with the City of Chitre, Panama securing the land and the waste contract for a 200 ton-per-day Sicmar Plasma Converter Facility. The new Resource Recovery and Energy Center in Chitre is in addition to the recently announced City of David contract and also in addition to the 200 ton-per-day Las Tablas, Panama contract.
The Chitre Center will be processing the region's municipal solid waste and also producing "green electrical power." The public signing ceremonies in Chitre, attended by federal and local government officials, were widely covered and publicized by the nation's media.
Victor Sziky, President of Sicmar International, said, "Panama is a member of the Basel Convention on hazardous waste, a ratifier of the Kyoto Protocols along with other international environmental treaties. Panama is leading the way in the Western Hemisphere in its environmental stewardship, and the government views these projects as an opportunity for it to begin to align itself with its environmental commitments. The growing support for these projects by the municipalities in Panama is now evident by this third new contract.
"In the face of the challenge of the population growth, Startech and we are playing an important role in helping to address the country's national waste management crisis, and in the President's vigorous sustainable-development initiatives."
At the Chitre contract signing, Startech VP Steve Landa said, "When you process things such as municipal solid waste you get a rich synthesis gas we call PCG. PCG can be used to make many things including fuels. We had good discussions about the opportunities in non-grain alternative fuels. And, while not in the facility's plans at the moment, Chitre also has an interest in using its PCG as the feedstock to produce diesel and alcohol fuels in the future."
About Sicmar International
Sicmar International Panama S.A., is a waste-processing-and-energy project-development company headquartered in Panama City, Panama and the Company's exclusive representative in the Republic of Panama.
For further information, please contact Victor Sziky at Sicmar International Panama S.A., Edificio De Lesseps, Office 9-1, Avenida Muauel Marie Icaza, Panama City, Republic of Panama or firstname.lastname@example.org.
About Startech -- The Environment and Energy Company
Startech Environmental is an environment and energy industry company engaged in the production and sale of its innovative, proprietary plasma processing equipment known as the Plasma Converter System™.
The Plasma Converter System safely and economically destroys wastes, no matter how hazardous or lethal, and turns most into useful and valuable products. In doing so, the System protects the environment and helps to improve the public health and safety. The System achieves closed-loop elemental recycling to safely and irreversibly destroy Municipal Solid Waste, organics and inorganics, solids, liquids and gases, hazardous and non-hazardous waste, industrial by-products and also items such as "e-waste," medical waste, chemical industry waste and other specialty wastes while converting many of them into useful commodity products that can include metals and a synthesis-gas called Plasma Converted Gas (PCG)™.
Among the many commercial uses for PCG, is its use to produce "green electrical power," Gas-To-Liquid (GTL) fuels such as ethanol, synthetic diesel fuel and other higher alcohol "alternative" fuels. Hydrogen, for use and sale, can also be separated and recovered from the PCG synthesis gas mixture.
The Startech Plasma Converter is essentially a manufacturing system producing commodity products from feedstocks that were previously regarded as wastes.
Startech regards all wastes, hazardous and non-hazardous, as valuable renewable resources.
For further information, please visit http://www.startech.net
Joseph F. Longo, President
Startech Environmental Corp.
(203) 762-2499 EXT 7
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding the Company's plans and expectations regarding the development and commercialization of its Plasma Converter™ technology. All forward-looking statements are subject to risk and uncertainties that could cause actual results to differ materially from those projected. Factors that could cause such a difference include, without limitation, failure of the customer to obtain appropriate financing for the project, general risks associated with product development, manufacturing, rapid technological change and competition as well as other risks set forth in the Company's filings with the Securities and Exchange Commission. The forward-looking statements contained herein speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which any such statement is based.
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