GASIFICATION TECHNOLOGY MOVES LOCKHEED MARTIN INTO WASTE TO ENERGY

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U.S. defense contractor, Lockheed Martin is moving into the waste to fuel gasification technology business, following a deal with LA based waste to fuels specialist, Concord Blue.

According to Lockheed Martin (NYSE: LMT) it will provide its engineering, program management, procurement, manufacturing and integration experience to apply Concord Blue's patented technology globally in the expanding waste to energy arena.

Gasification Technology Moves Lockheed Martin into Waste to Energy The defense giant said that advanced waste conversion is an emerging technology that uses gasification processes to convert waste products to electricity, heat and synthetic fuels.

Concord Blue has developed a closed-loop process that Lockheed Martin said is already commercially-proven to recycle waste into energy at virtually any scale.

For Lockheed’s part, it said that it brings high-level capabilities in complex systems integration, project management, information technology and advanced manufacturing techniques partnership.

"This agreement enables Lockheed Martin to combine our proven ability to meet complex project requirements and access to a broader, global market with Concord Blue's demonstrated technology, experience and global facilities," explained Paul Klammer, director of bio energy programs at Lockheed Martin's Mission Systems and Training business.

According to Klammer, Concord Blue's feedstock flexible technology combined with its ability to scale for smaller applications will enable the partners to waste disposal solutions for a range of situations, including those of industrial customers.