THE OXFORD ENERGY COMPANY
119 Lexington Avenue
New York, NY 10018
NEWS RELEASE RELEASE: #1987-05
CONTACT: Gabriel Martinez, Director of Communications
For Immediate Release
DERRY ELECTRICAL GENERATION PLANT TOWNHALL MEETING SET
DERRY, NEW HAMPSHIRE (May 6, 1987) – Oxford Energy announced plans today for a town hall meeting in Derry, New Hampshire to discuss plans for its proposed electrical generation plant. Philip Rettger, Vice President will conduct a question and answer segment at the meeting scheduled at City Hall on Thursday, May 16th at 8:00 p.m.
The generation plant in Derry will use technology developed in Germany in the 1970s to convert scrap tires into electricity. Philip Rettger, VP stated, “The Derry Generation Plant will convert 4.5 million tires into 12,000 kilowatts of electricity each year. The project will be an economic boon to the city.” The plant is projected to generate $350,000 annually in land lease revenue for city and a potential increase $90,000 annually depending on the volume of tires processed. At least 80 new construction jobs will open building the plant, and upon opening, 25 permanent positions will be created with an annual payroll of nearly $1 million.
Oxford Energy has a history of providing clean, efficient energy through innovative and environmentally sound methods. The U.S. Department of Energy has endorsed Oxford stating, “The particular advantages of the [technology used by Oxford] are its long history of 12 years of successful operation and its environmentally clean operation.” Oxford presently has 20 renewable energy projects across the United States generating over 500 million kilowatt hours of electrical power annually.