Vista International and Vista International Technologies (VVIT), working with ID Global Capital, Vista’s partner in southern Europe, have announced that the municipal government of Kostinbrod, Bulgaria, has initiated the process of establishing a waste-to-energy project in the city just outside the Bulgarian capital of Sofia.
The project will be a public-private joint venture between all the parties involved. The facility will utilize VVIT’s thermal gasifier technology which has met the Environmental Protection Agency and European Union emissions standards, to handle over 70,000 tons per year of municipal solid waste (MSW), with the capability to handle other waste streams as well.
ID Global Capital has secured the rights to the project and is focusing on finalizing the exact site location. Vista International estimates the investment into this project could be in the range of approximately $35 million to $50 million.
The investment amount will depend on a number of factors, including the volume of MSW, any other waste that might come to the project, and whether the desired end product of the gasification process is electrical power or a high octane liquid fuel product.
