In the past the company provided the safe disposal of waste products by creating commercially viable green products. The 10Q released at the end of July supports this.
Pioneer Exploration Inc. - PIEX
IBA Green has developed a process to mitigate the environmental issues associated with toxic end products of the Waste-to-Energy industry, and has developed a patented process to safely and economically utilize the previously toxic end product. The IBA Technology works in synergy with the waste-to-energy industry, converting the toxic end products into commercially viable green construction products.
The IBA Technology was specifically developed to address coal ash and incinerator bottom ash (IBA), which is the resulting residue that is created after the combustion process of burning coal or solid waste to generate electric power. Currently, there are approximately 600 coal burning and 85 waste to energy electric power plants across the USA creating an aggregate 85 million tons of toxic coal ash or IBA annually.
The Company’s past and planned future principal business is providing the safe disposal of waste products by creating commercially viable green products.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9420070
Per PIEX recent 10Q, Plan of Operation phases are:
IBA Green needs to continue to develop and advance the IBA Aggregates to a point where they can be sold commercially. To achieve this goal, Pioneer has prepared the following phases for its plan of operation for the next 12 months:
1. Phase One.
In Phase One IBA plans to (1) complete negotiations and sign contracts for the purpose of acquiring IBA's and converting the IBA 's into commercially viable products; and (2) obtain lab and office space.
IBA Green has budgeted $450,000 for this phase and expects it to take three months to complete, with completion expected within the first three months of IBA Green's plan of operation.
2. Phase Two.
In Phase Two IBA plans to (1) conduct and complete analytical laboratory testing on IBA's, including gathering and shipping the IBA samples and conducting initial characterization testing on the IBA samples; (2) develop the requisite chemistry to stabilize the IBA 's; (3) develop the IBA Aggregates and other products that are of the highest quality and represent the best use for the particular IBA; (4) begin the long-term environmental compliance testing; and (5) develop and market IBA Green's business.
The development of the IBA Green's business will consist of identifying potential viable target markets, producing a list of equipment required in the particular target markets, and identifying potential suppliers and equipment providers. Target markets will be identified based (a) the daily volume of ash produced at the generation facility and (b) the absorption market rate and price point of the product that can be manufactured.
Simultaneously, IBA Green will develop and populate its website (www.ibagreen.com) with information regarding its business and products.
IBA Green has budgeted $550,000 for this phase and expects it to take three months to complete, with completion expected within the first six months of IBA Green's plan of operation.
3. Phase Three
In Phase Three IBA plans to (1) retain production engineers and industrial engineers to design the equipment and line specification for a prototype that will convert the IBA's into IBA Aggregate or other products; (2) acquire the mechanical engineering hardware; (3) build and assemble a production prototype; and (4) further development and marketing IBA Green's business and products.
IBA Green has budgeted $500,000 for this phase and expects it to take three months to complete, with completion expected within the last six months of IBA Green’s plan of operation.
4. Phase Four
In Phase Four IBA plans to (1) set up the on-site manufacturing prototype for the conversion of the IBA's into IBA Aggregates and other products; (2) perform further testing on the IBA Aggregates and other products manufactured on-site to confirm they are the highest quality and best-use site specific to the particular IBA; (3) complete third party laboratory product testing for certification; and (4) continued development and marketing of IBA Green's business and products.
IBA Green has budgeted $2,000,000 for this phase and expects it to take three months to complete, with completion expected within the last three months of IBA Green's plan of operation.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9420070
PIEX Video from MediaAnimations.com found on youtube
http://www.youtube.com/watch?v=SG66shlN1dA
IBA Green, Inc. has developed proprietary system to convert coal ash and incinerated bottom ash (IBA) into environmentally friendly commercial grade materials. Pioneer Exploration (OTCBB: PIEX) is the parent Company with IBA Green being its sole business concern. IBA Green technology uses IBA as a raw material processed into commercially viable geopolymer binders that can be used as an alternative to ordinary Portland cement.
IBA Green works towards decreasing the negative effects of the environmental issues connected to the Waste-to Energy industry. IBA Green technology works in conjunction with the Waste-to-Energy industry by using IBA as a raw material to build green construction products. IBA Green Technology specifically treats coal ash and IBA which is a residue of burning coal or solid waste to generate electricity. The incineration of organic material in waste helps produce steam used to run electricity generators. Once burned, solid waste is reduced to 10% of its original volume. This residue is known as Incinerated Bottom Ash (IBA). It contains traces of lead, arsenic, zinc, mercury and other harmful metals, furans and dioxins. Waste-to-Energy companies dispose the residue in landfills where there is a possibility of it permeating and polluting the ground water supply.
The treatment of IBA using IBA Green’s revolutionary system chemically neutralizes the toxic ash and further enables the conversion of this toxic ash into environmentally sustainable concrete and other green commercial construction products branded as KleanCrete. The Company intends to create 3 categories of products using the converted geopolymer binders:
1. Geopolymer Construction Aggregates
2. Geopolymer Pre-Cast Products
3. Geopolymer Redi Mix Products
The proprietary process is not only commercially viable but also meets concrete industry performance specifications. It surpasses environmental standards such as the latest U.S. EPA standards that deal with extractable metals content test and leach ability.
PIEX Contact Info
Pioneer Exploration, Inc.
2700 Newport Boulevard
Suite 190
Newport Beach, CA 92663
Phone: 604-618-0948
PIEX SEC Filings
http://www.otcmarkets.com/stock/PIEX/filings
PIEX Headlines
http://finance.yahoo.com/q/h?s=PIEX+Headlines
Investigate more about the company @ http://www.otcmarkets.com/stock/PIEX/quote for more due diligence.
No comments:
Post a Comment