Intrepid Technology and Resources, Inc (IEVS) Announces Contract for Bio-Gas Sales
Intrepid Tech. and Resources (ITR), an application innovator in Alternative Energy and soil Amendment, announced that it has entered into an agreement with industrial user, Intermountain Gas, for a fixed price contract to purchase biomethane. With the purchase of ITR’s biomethane, the industrial user plans to replace propane for the upcoming 2008 production campaign by the end of March. The contract offers attractive discounts to the user above the cost of propane resulting in savings to Intermountain Gas, while at the same time providing a substantially better price to ITR. Historically, industrial plants that don’t have access to natural gas…