Port Hope, Ontario - Sunbay Energy Corporation confirmed today that Port Hope, Ontario was selected as a potential site for a plasma gasification facility. The company intends to build, own and operate a facility on the site under a joint venture with Europlasma SA, a global leader in plasma technology, with financing from the Credit Suisse Group.

Jordan Oxley, Managing Director of Sunbay noted that "Together with our partners at Europlasma and Credit Suisse, we feel quite fortunate to have secured this site. Both the actual property and the host community are ideal for a plasma gasification facility."

The twenty-three acre property will provide access to rail and highway transport without routing through residential communities. The property is one kilometer from exit ramp 436 (Wesleyville Road) on Hwy 401, approximately 95 kilometers east of Toronto.

The general area is extremely well-suited for this type of facility, with no known environmental issues, no residential development, easy transport logistics, and ample interconnection points with close proximity to substations and high voltage corridors.

Mr. Oxley noted that in addition to the environmental and public health benefits, Port Hope will enjoy employment and economic benefits during construction and operations. Mayor Linda Thompson welcomed the announcement, commenting that "We have a lot to offer the Sunbay project, including a strategic location and a well-trained workforce. Subject to the proper evaluations and approvals, it will be exciting to see an advanced technology like this locating in our community."

Didier Pineau, President of Europlasma, commented that "This project is one of our most important priorities and we are grateful that Port Hope has been a very welcoming community for us."

The facility will be based on an advanced technology employing extreme heat to gasify waste feedstock to form a synthetic gas. The syn-gas is sent through a clean-up system and then to generate electricity. There are no emissions from the gasification process and the emissions from power generation are well within prescribed limits. There are no residual wastes left to landfill. This contrasts starkly with incinerators that bring a host of serious environmental and public health risks and are fiercely opposed by communities.