ecoTECH Energy Prepares for Site Construction of Eco-Industrial Complex in McBride, BC and Receives $55 Million Debt Financing

ecoTECH Energy Group (ECTH)

In preparation for what will be one of the most advanced complexes of its type in North America, ecoTECH Energy Group, Inc. (OTCBB:ECTH) has begun to clear the McBride, British Columbia Lamming Mills site for its Aquaponics and Combined Heat and Power (CHP) facility that is slated for construction this Spring.  The Canadian Ministry of Forests and Range has granted ecoTECH its Timber Mark Certificate and a local logging company has been contracted to selectively cut enough trees to allow room for the development, whilst retaining as many trees as possible on the site.

Only trees that must be cut for the complex will be cleared, with the larger, high quality timber sold to generate revenue for ecoTECH.  The smaller trees and shrubs will be cleared and stockpiled at a later date to be used as the first biomass fuel for the 5 Megawatt carbon-neutral CHP plant to be built on the site.  The CHP plant will provide the heat and electricity for the Aquaponics facility which will grow “beyond organic” fruits, vegetables and fish for the company’s $61.3 million supply contract with Overwaitea Food Group Limited Partnership (OWFG), a division of the multi-billion dollar Jim Pattison Group of Companies.  Product shipments are slated for the second quarter of 2013.

Taking “green” to the extreme, the facility will use the carbon dioxide gleaned from the ecoPHASER exhaust to augment the transpiration effect of the 8 hectares (approximately 20 acres) of oxygen-emitting plants which takes the facility from being “carbon neutral” to having a “carbon negative” output.

Financing for the McBride project has been addressed through a non-dilutive debt financing package from Corpfinance International Limited (CFI) to fund 60 percent, or CDN$55 Million.  CFI is partially-owned by the Canada Life Assurance Company, a wholly owned subsidiary of The Great-West Life Assurance Company.

Importantly, ecoTECH is receiving support from all directions, including CFI (one of the largest capital pools in Canada), political support from the Village of McBride, regulatory committees and organizations.  The economic opportunities involved with such a large, environmentally-friendly complex are unparalleled to revitalize the area.

Green technologies are moving progressively into the mainstream as the U.S. looks to wean itself off its dependence on foreign oil.  Nothing could better exemplify the support being received more than some of America’s biggest brands, including Nike (NYSE:NKE), Starbucks (NASDAQ:SBUX), Yahoo! (NASDAQ:YHOO) and Staples (NASDAQ:SPLS) sending a letter last week to Congressional leaders urging them to sign extensions for production tax credits for wind energy production.  Most of these major companies are now deriving a portion of their power from green energy with initiatives for increases.  Starbucks has a two-year goal to derive 100 percent of its energy from renewables.  OWFG is moving forward with its own initiatives through its purchase agreement with ecoTECH.  It would seem only a matter of time before another household name seeks-out ecoTECH and its pioneering products.

Government incentives and commercial consciousness are going to continue to drive growth in the renewable energy space with ecoTECH positioning itself as an industry leader with its CHP, Aquaponics and Garbage-to-Concrete (Gar-Crete) technologies.  As such, the company poses a value proposition at its current price point of 50 cents with nearly $100 million in orders already on the books; orders which are base-level and expandable.  Revenue of at least $6 million is expected in Q2 2012 from the delivery of the first of six Gar-Crete systems ordered by Hospital Medical Express of Ecuador.  The first CHP facility will be under construction in a few months with the company intending to build five more in coming years with the proprietary technology it has been developing for three decades.

ecoTECH Energy (ECTH) Stock Quote and News:

Disclaimer: Neither nor its officers, directors, partners, employees or anyone involved in the publication of the website or newsletters (“us” or “we”) is a registered investment adviser or licensed broker-dealer in any jurisdiction whatsoever. Further, we are not qualified to provide any investment advice and we make no recommendation to purchase or sell any securities. The prior article is published as information only for our readers. is a third party publisher of news and research. Our site does not make recommendations, but offers information portals to research news, articles, stock lists and recent research. Nothing on our site should be construed as an offer or solicitation to buy or sell products or securities. This site is sometimes compensated by featured companies, news submissions and online advertising. Viper Enterprises, LLC (parent company of OTC Showcase) has received 15,000 shares of 144 restricted stock for journalism and distribution services from ecoTECH Energy Group, Inc. Please read and fully understand our entire disclaimer at


Add your comment

Commenting is allowed only for registered users.

Other articlesgo to homepage

Hearing Date Set in Blue Calypso Lawsuit Against LivingSocial

Hearing Date Set in Blue Calypso Lawsuit Against LivingSocial(0)

Blue Calypso Inc. (OTCBB: BCYP), an innovator in digital social advertising, mobile content syndication, and analytics, recently announced a Markman hearing set for August 27, 2013 in its patent infringement case against LivingSocial. Findings from this hearing may encourage settlements or provide insight into the likelihood of a particular outcome. With the success seen by

Digital Development Group Partners with Hollywood Bad Boy Charlie Sheen

Digital Development Group Partners with Hollywood Bad Boy Charlie Sheen(0)

One might think that celebrity endorsements would be fantastic for the share price of a small or microcap company. After all, famous and successful athletes or movie stars have a stack of cash to invest and the connections to help accelerate business developments. Oddly, though, it doesn’t seem to have a great deal of impact.

Sunvalley Solar Shares Rise from Bottom on Solar Installation Contract

Sunvalley Solar Shares Rise from Bottom on Solar Installation Contract(0)

Shares of Sunvalley Solar, Inc. (OTCBB: SSOL) are rising in trading Monday morning after the solar power technology company disclosed a new contract to 87.5-kilowatt solar system installation contract from Corporate Logistics in City of Industry, California. The contract is for a system capable of generating 131,146 kilowatt hours of electrical power each year, utilizing

Men’s Health Features Naked Brand Group Line of Underwear

Men’s Health Features Naked Brand Group Line of Underwear(0)

Naked Brand Group, Inc. (OTCQB: NAKD) said Friday that its Naked Boxer Brief has been selected by Men’s Health for its online guide, “Affordable Spring Style Guide 100 under $100.”  The guide was published on on March 20.  This is the second time the company has been featured in the men’s mag in as

Sunshine Biopharma Meeting with CMOs to Manufacture Drug for Breast Cancer Trials

Sunshine Biopharma Meeting with CMOs to Manufacture Drug for Breast Cancer Trials(0)

Sunshine Biopharma Inc. (OTCQB: SBFM) reported on Thursday that it is in negotiations with Contract Manufacturing Organizations, or CMOs, as the next progression towards the anticipated clinical trials of its flagship cancer drug, Adva-27a, against multi-drug resistant forms of breast cancer. The trials are scheduled to be hosted by the leading cancer center Jewish General

read more

Stay Informed

Receive the OTCS Newsletter *


* required

Dana-Farber to Host Cellceutix Trials

Cellceutix Corporation (CTIX)
Cellceutix Corporation has filed its Investigational New Drug application with the FDA. Dana-Farber and Beth Israel Deaconess Medical Center will be hosting the clinical trials for Kevetrin, Cellceutix's novel cancer drug. Read more news and get a stock quote.

Diabetes Rate Growing Exponentially

According to the International Diabetes Federation, more than 500 million people will be diagnosed with diabetes in the next two decades, a more than 50 percent increase from today. Technologies are available presently to help manage the frequency, complications and costs associated with diabetes. Read the complete article to learn more.

Contacts and information

Have an opinion or news that you want to share?

Social networks

Most popular categories

© 2011 Viper Enterprises, LLC. All rights reserved.