GER intends to operate two landfills, Martin Creek and Barton. At both landfills, waste will be sorted to remove 99% of all recyclable materials. The remaining waste will be compacted into bales and deposited into the landfills.
Six months to one year after starting operations, management will commence capturing methane gas generated in the landfill and utilize it for commercial purposes as well as to generate all electricity for the landfill operations. (See Section on Operations for details on use of landfill gas).
GER is a Missouri Corporation with ownership held in the following manner. There are three principals, one with operational duties and control, one with administrative duties and control, and a corporate counsel. Investors will receive an ownership percentage of the corporation, board of director seats, and first-out status of any liquidity plan. Ownership percentage will be based on investment and contribution.
The principals seek $4,000,000 net in investor funds.
In phase one, the first funds will be utilized to close escrow on both Martin Creek and Barton landfills. Barton is a fully operational business. Hauling waste from the transfer stations will immediately augment the waste stream and revenues.
At Martin Creek, the construction phase involves complying with current state ordinances, installing additional monitoring wells, submitting a financial instrument, obtaining insurance, leasing equipment, and completing site development. This will require between seven and twelve months.
In phase two, management will install conveyers, compactors, and the baling systems. A permit to recycle incoming waste will be readily obtainable, since both states are eager to comply with federal requirements mandating recycling. Construction of this facility will require approximately six months.
Each site will have a facility to house a compactor/baler and expansion space for a second baling system. These facilities will be built after cash flow is assured and initial operations commence. Both landfills will have identical equipment.
Included in the purchase will be the rail spur sites and outlying transfer stations for both Barton and Martin Creek. Ongoing income will support rail spur renovation.
GER intends to purchase the adjacent 293 acres to Martin Creek for the following reasons. The Missouri and Southern Rail line runs through this property and a rail spur can be constructed to accept rail cars loaded with waste from distant sources, (New York and Chicago). Owning this property will allow GER to haul waste from the rail spur to the landfill on company roads rather than using county roads. The property is an abandoned Barite strip mine with diminished land value, and may eventually be permitted as a landfill. It constitutes an additional buffer for the landfill.
An abandoned rail spur and receiving facility is situated a quarter of a mile from the Barton landfill. GER will purchase this property in order to accept waste from distant municipalities. Funds for this purchase and its renovation have been allocated.