EESTech Inc. News
World's Most Advanced Carbon Capture Technology Comes to Australia
EESTech Inc., (EESH.OB) which is based in
The system, called the Purenergy CO2 Capture System (CCS), is the world's first pre engineered, modular CO2 capture system, which can be retrofitted onto existing power plants or any large industrial greenhouse gas emitter.
EESTech has a complementary technology in its Hybrid Coal Gas Turbine (HCGT) system that can produce electricity using waste coal dust, and fugitive vented methane.
The company has secured electricity supply agreements in
The HCGT and the Purenergy CCS can be integrated to become the world's first stand-alone hybrid CO2 capture system that is non-disruptive to industrial emitters' plant. The integrated package will allow coal facilities to utilize products such as low grade waste coal and fugitive methane from coal mines to efficiently generate the necessary steam and electricity and electricity for the C02 capture process.
EESTech's preliminary analysis indicates that the successful integration of the HCGT process with HTC's CCS system could reduce the cost of C02 capture by up to 40 percent.
In
Graeme Lynch Chief Operating Officer of EESTech Inc., believes that the carbon capture technology will position EESTech Inc as a leader in the industry.
"This acquisition will position EESTech Inc. as a leader in this fast- growing marketplace and as a provider of clean coal and carbon capture technologies that are economically and environmentally sustainable," Mr Lynch said.
"The Purenergy CCS will capture carbon dioxide from the flue gas exhaust of power plants and large industrial emitters, the captured carbon dioxide will then be used for carbon dioxide enhanced oil recovery or be stored underground," he said.
"This system will be pre-engineered, pre built and modularly constructed and because of its modular design, will be able to be manufactured, shipped and erected at the emitter sites around the world at a much lower cost than other systems that have to be custom built on site.
"Solutions like the Purenergy CCS, when installed in scale on one 750 megawatt power plant, will capture the carbon dioxide equivalent of two million cars and trucks,"
Other products from EESTech Inc. include the JetWater System (JWS), which is a mechanical vapour compression system that purifies water.
For further information on EESTech or its products please visit the company's website at www.eestechinc.com.
Released for EESTech Inc by Dennis Rutzou Public Relations (www.drpr.com.au)
For further information please call: Teanne Ryan or Dennis Rutzou on +(612) 9413 4244.
Forward Looking Statement:
This media release includes statements that may constitute 'forward- looking' statements. The statements can generally be identified by phrases such as EESTech, Inc or its management 'believes' 'forecasts', 'estimates' or other words or phrases of similar import. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Similarly, such statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals are forward-looking statements.
Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from forward-looking statements.
Factors which would cause or contribute to such differences include, but are not limited to our ability to recruit and retain key personnel, the availability of funding for future operating requirements, our ability to protect our intellectual property, our ability to secure contracts for the installation of our products and our ability to develop and operate such projects successfully.
We urge you to carefully consider these factors and the information detailing other factors (which could cause actual results to differ materially) included in EESTech, Inc.'s forms 10Q and 10K filed with the SEC. The forward-looking statements are based on current expectations and neither the Company nor its management assumes any obligation to update these statements.
SOURCE EESTech Inc.
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