Lockheed Martin Inks Agreement with Waste-of-Energy Firm

- by Eric Reinhardt, October 13, 2014, Business Journal News Network

[[{"type":"media","view_mode":"media_large","fid":"297","attributes":{"alt":"","class":"media-image","style":"width: 333px; height: 231px; margin: 3px 10px; float: left;"}}]]OWEGO, N.Y. — Lockheed Martin Corp. (NYSE: LMT) has signed a manufacturing agreement with Concord Blue Energy, Inc. to provide all manufacturing support for the firm’s reformertechnology.

That technology converts waste to energy using advanced conversion technology.

Lockheed Martin is now the “exclusive manufacturing provider” of the Concord Blue reformer, Lockheed said in a news release distributed on Friday.

Concord Blue specializes in transforming nearly any form of waste into a variety of clean, renewable fuels and energy.

Concord Blue USA, Inc. is headquartered in Los Angeles. The firm also operates international offices in India, Germany, and Dubai.

Lockheed Martin and Concord Blue Energy, Inc. in 2013 reached an agreement to offer an advanced waste-conversion system to address waste disposal, energy security, and climate-control issues.

Advanced waste conversion is an “emerging” technology that uses gasification processes to convert waste products to electricity, heat, and synthetic fuels, according to the Lockheed news release.

It addresses the current burden on landfills, conventional incineration, and fossil fuels, along with the desire for green-baseload energy, Lockheed said.

Concord Blue’s waste-to-energy process employs a patented technology called steam thermolysis to convert waste material using heat transfer instead of incineration, “efficiently” producing syngas without combustion.

Headquartered in Bethesda, Md., Lockheed Martin Corp. is a security and aerospace company that employs about 113,000 people globally. The firm focuses on the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services.

The corporation generated net sales of $45.4 billion in 2013.