WILMINGTON, Del., Nov. 25, 2011 (GLOBE NEWSWIRE) -- IBA Green, Inc., a wholly owned subsidiary of Pioneer Exploration (OTCQB:PIEX.PK) announces it has organized a team of planners and engineers to respond to a "Request For Proposal" from the city of Honolulu, Hawaii for the treatment of incinerator bottom ash (IBA). IBA is the toxic residual residue resulting from burning coal or solid waste in the process of generating electric power.
Angelo Scola, CEO, said, "We believe that our technology and the resulting building material by-products can address several issues facing Honolulu, not the least of which is the immediate reduction of toxic Incinerator Bottom Ash from being deposited in the landfill. That same ash once treated can then safely be converted into nonhazardous eco-friendly building materials, thereby reducing some of Honolulu's dependency on expensive imported building materials and providing the municipality additional revenue. IBA Green's patented technology to treat and convert incinerator bottom ash into viable and environmentally responsible construction materials is a safe and environmentally sensitive method of diverting what was previously hazardous material and well suited as a treatment solution response to the Honolulu RFP."
About IBA Green, Inc.
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"). 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.
For further information about IBA Green Inc., please visit the company's website at www.ibagreen.com/">http://www.ibagreen.com/
On Behalf of the Board of Directors
Angelo Scola
President & CEO
Safe Harbor Notice
Certain statements contained herein are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). IBA Green cautions that statements made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections or implied results. IBA Green undertakes no obligation to revise these statements following the date of this news release.
Pioneer Exploration, Inc.