Maple Leaf signs MOU for waste oil collection and processing

Maple Leaf Restoration Inc. signed a memorandum of understanding (MOU) with Conserve Oil Corp. to establish a waste oil collection and processing facility in China. It is anticipated that the project will initially produce 30,000 tons of recycled diesel oil per year, with a goal of reaching a capacity of 100,000 tons per year. Preliminary estimates indicate that an investment of between US$10-15 million will be required to finance the project. Maple Leaf is a Canadian company operating five environment-related projects in China. Conserve Oil Corp. is a private Canadian corporation. (March 11, 2010)