Morbark & HTI Form Waste-to-Power Partnership

Morbark, Inc., recently announced an agreement with Heat Transfer Interna-tional (HTI) of Kentwood, Mich. HTI is a technology company providing turnkey waste-to-energy systems that create renewable energy through SALT gasification of biomass. The agreement, which will create dozens of green jobs in Michigan, includes a manufacturing agreement for Morbark and an equity investment in HTI.

HTI specializes in distributed renewable energy power plants using organic waste gasification to create energy. HTI’s renewable energy systems are energy efficient, environmentally approved, and economical for small- to medium-sized applications.
Morbark’s investment in HTI is perfectly in line with the company’s decades old vision of sustainable energy through responsible forestry. “Not only will we manufacture the finest wood reduction equipment, but we’ll be producing the systems which convert wood and other organics into usable electricity and steam,” said Lon Morey, president and CEO, Morbark. “Our agreement with HTI will allow us to do what we do best—manufacture large custom equipment systems with world class quality, and allow HTI to focus on managing the rapid growth of its exciting sustainable energy technology.” HTI and Morbark expect final details involving ReZone Energy tax credits before the end of
the year.

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