Profile
IBA Green, Inc. specializes in cutting edge, cost-effective and green technologies. We trade under the stock symbol of PIEX.PK (Pioneer Exploration Inc.).
IBA Green, Inc. has developed technology to convert coal ash and incinerator bottom ash (IBA) into commercially viable and environmentally responsible construction products. Incinerator bottom ash is the residue from burning coal or solid waste in order to generate electric power. The 600 coal burning and 86 waste-to-energy electric power plants across the USA create 150 million tons of coal ash and IBA annually. This 150 million tons of toxic ash residue, created in the process of power generation, is simultaneously polluting our nations aquifers. Coal ash and IBA contain environmental toxins including heavy metals, arsenic, barium, cadmium, lead and mercury. Stockpiling and impounding this ash leads to toxic leakage into our nations water supply.
We expect long-term market demand for ash reclamation to continue to increase. Growth in global population, the worldwide increase in disposable income and the insatiable appetite for plug-in consumer products will drive the demand for more electric power. Equally important to IBA Green’s business model is the exponential growth in demand for the end-use construction aggregate products that IBA Green produces. Market demand for the products that we manufacture are driven by the crumbling condition of our transportation infrastructure, roads, bridges, airports and rail systems. IBA Green’s market advantage is three fold: the central urban location of material source, fixed raw material costs that are vital to servicing long term contracts and reduced trucking and associated fuel costs. The current state of the economy has forced a mandate of austerity within state and federal construction budgets. Taking on the task of rebuilding the nations infrastructure, while saddled with the restraints of a challenged economy, provide a market opportunity to introduce cost-effective, high performance products. Federal and local highway administrators need to either use new, cost-effective technologies, or reduce the number of projects that can be completed.
How does toxic ash pollute our drinking water?
For each kilowatt of power that is generated through the combustion of coal or solid waste, ash is produced and trucked to one of 1300 municipal or private landfills and monolithic ash dumps across the United States. The ash is documented and then impounded in certified landfills or ash dumps. The ash then requires material management for 30 years, due to considerable legacy environmental exposures.
As part of material management practices, the EPA has specified that when landfills are built, they must install liners and collection systems to manage the collected rain and surface water. The collected contaminated water is then processed, on-site, to meet EPA standards and then released back into the environment. However, the EPA has just completed a new study indicating 85% of all landfills are now leaking and it is only a matter of time before the remaining 15% will leak as well. The liners are leaking do to the excessive internal heat that is generated from the chemical reaction of the bulk stored ash. The excessive heat cooks the plastic liners which break down the molecular structure of the fabric until the fabric loses it's integrity and fails. Failure of the liner fabric means the captured water will by-pass the containment system and leach directly into the ground water. The escaping water will carry the toxins directly into the aquifer, adjoining water wells, streams, lakes or reservoirs. An EPA study in 2007 identified 63 sites in 26 states where water was contaminated by heavy metals. Environmental advocacy groups have identified an additional 17 sites that should be added to the list. Toxins are long lasting and can travel great distances in air and water currents. The innovative technology that IBA Green has developed stabilizes the chemical structure of the ash and alters its mechanical qualities enabling the ash to meet construction aggregate industry performance specifications and meet or exceed environmental standards. With one billion tons of ash currently stockpiled across the country and an additional 150 million new tons generated annually, IBA Green has the technology to take advantage of this very valuable and abundant resource in the manufacture of construction aggregate and concrete products.
The highway infrastructure system in the USA is crumbling and requires reconstruction. Of the 600,000 bridges in the United States, the Department of Transportation has identified 25% are in need of repair.. The DOT has budgeted a minimum of $17 billion dollars annually for the next 50 years to address this issue. The reconstruction of hard surface roads across the nation will exceed $70 billion dollars and the reconstruction of the national power grid will exceed $8 billion dollars annually. All of these projects will require high quality and affordable construction aggregates.
Additionally, the added social and environmental value is equally significant. The IBA Green process provides the nations power providers the ability to serve as true stewards of the environment. Before IBA Green, the disposal of ash has been a loophole in the country’s waste management strategy. The IBA Green process helps close that loophole by providing the following:
1. A reduction of leached toxins into the aquifer
2. The recycling of toxic ash into green products
3. The doubling of the air-space or life of existing landfills by eliminating the ash
4. A reduction of the strip-mining of virgin aggregates by utilizing ash aggregates
5. A reduction in the mining and production of Portland cement
6. A reduction of the carbon footprint in mining and transportation
7. A reduction of petroleum consumption
8. The provision of sustainable construction products that meet industry specifications
IBA Green has enlisted applied science, nano-technologies, and a patented manufacturing process to design and manufacture "next" generation green construction materials. These products meet and exceed all performance specifications and are priced competitively in the market. Sustainable growth and financial success in the new economy will be predicated on quality and value. IBA Green's products, service and culture will set a new benchmark of expectation of performance and value to meet market demands for today and the future.