The Guyana Office for Investment (GO-Invest) Tuesday announced the setting of a $214 million state-of-the-art waste treatment facility at Coverden, East Bank Demerara.
The project is being undertaken by Professional Waste Solutions Inc. (PWSI), owned by the Jettoo’s, who are popular in the forestry industry.
Utilizing cutting-edge non-incinerator technology, the facility will process exploration and production (E&P) waste from the oil and gas industry, transforming it into reusable oil, Go-Invest stated. Additionally, a byproduct of this process, known as “slag” will be recycled for use in blockmaking.
Dr. Peter Ramsaroop, Head of Head of the Guyana Office for Investment, hands over the investment agreement to PWSI CEO Mahendra Jettoo. (GO-Invest photo)
The facility is expected to create over 40 jobs and set new standards in environmental management in the Caribbean.
PWSI, under the leadership of CEO Mahendra Jettoo, has already secured a preliminary agreement with Guyana Power and Light Inc. to manage hazardous waste from the Garden of Eden power plant.
“Our partnership with the government of Guyana demonstrates our commitment to a cleaner, more sustainable future, Mr Jettoo is quoted by GO-Invest as stating.
Utilizing cutting-edge non-incinerator technology, the facility will process exploration and production (E&P) waste from the oil and gas industry, transforming it into reusable oil (GO-Invest photo)
“We are not just treating waste; we are transforming it into value, laying the groundwork for a brighter, more prosperous future for all Guyanese.”
The investment agreement was recently signed by Dr. Ashni Singh, Senior Minister in the Office of the President with Responsibility for Finance and the Public Service.
In handing over the agreement to Mr Jettoo, Head of GO-Invest Dr. Peter Ramsaroop emphasised the significance of this investment, stating that “the facility is more than just infrastructure; it’s a testament to our commitment to sustainable development and our confidence in Guyana’s potential to lead in green technologies.”
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