NEWPORT BEACH, Calif.--(BUSINESS WIRE)--August 27, 2008--Carbon Jungle, Inc. (Pink Sheets:CBJG) announced today that its wholly owned subsidiary waste-to-fuel company, Cobal-USA Alternative Fuels, LLC, received a Pre-Agreement from Dag & Bragan Ltd. for processing 1000 Tons per day of MSW (Municipal Solid Waste) accompanied with a letter of interest from the Mayor of Kampala City in Uganda, Africa.
In order to process this waste, Cobal USA will form a joint venture with W2 Energy, Inc. (www.w2energy.com) to build and operate this waste-to-energy plant. W2 Energy will build a plasma reactor and gas-to-liquid conversion system which will convert the 1000 tons per day of MSW into 52,000 gallons daily of Ultra Low Sulfur Diesel and 50 MWh continuous of clean electricity. The project estimated sales may exceed $82 million per year.
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