MANALAPAN, N.J, Feb. 05, 2018 (GLOBE NEWSWIRE) — Sun Pacific Holding Corp. (OTCQB: SNPW), a green energy Company specializing in solar and waste to energy technologies, today announced as part of its project New England Renewable Energy Solutions that it has selected and entered into a letter of intent to house and operate its New England based leading edge Waste to Energy project that can process as much as 70 tons per day and generate up to 7 megawatts of electricity in Johnston, Rhode Island.
Mr. Nicholas Campanella, Chief Executive Officer of Sun Pacific, stated, “We are excited to have made this site selection in Johnston, Rhode Island, and are quickly moving forward with this project. This project will be the first plant in New England capable of treating medical waste that also creates clean energy and reduces landfill capacities, while creating a multi-million dollar recurring revenue stream for our company. We are already in discussions with a number of specialty waste collection and transportation companies that will supply the plant and are pleased with the initial positive responses we have had from all involved in this project.”
Sun Pacific’s opportunity in Rhode Island is the Company’s first response in targeting a global medical waste market place that is expected to reach $33.4 billion by 2025. Sun Pacific’s goal is to target and build out other strategic Waste to Energy opportunities in North America in support of its high efficiency gasification technologies.
By offering a solution that addresses both the growing level of medical waste generated by the increasing needs of an aging population in the United States with the expanding requirements of electricity providers to generate growing levels of retail electricity through renewable resources, Sun Pacific is building a green energy Company that targets solutions that are both environmentally friendly and economically sustainable in building a better world.
About Sun Pacific Holding Corp
Sun Pacific Holding Corp. (OTCQB: SNPW) is a green energy company specializing in solar and waste to energy technologies. With a focus on deploying its subject matter expertise and experience in green energy solutions, Sun Pacific is building a Company that designs, develops, builds, and manages advanced technologies that support renewable energy solutions. For more information, visit www.sunpacificholding.com
Safe Harbor and Forward-Looking Statements
This news release contains statements that involve expectations, plans or intentions (such as those relating to future expansion or financial results) and other factors discussed from time to time in the Company’s OTC Markets filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as “may,” “should,” “expect,” “anticipate,” “believe,” “estimate,” “intend,” “plan” and other similar expressions. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Sun Pacific Holding Corp
215 Gordons Corner Road
Manalapan, NJ 07726
Phone: +1 (888) 845-0242