SOURCE: Bechtel

Bechtel

Bechtel

December 10, 2009 10:57 ET

Calera Corporation and Bechtel Power Corporation Announce Strategic Alliance

LOS GATOS, CA--(Marketwire - December 10, 2009) - Calera Corporation and Bechtel Power Corporation today announced a strategic alliance to develop and construct facilities using carbon capture technology to reduce emissions and fight global warming.

Calera's innovative process captures carbon dioxide emitted by coal or gas-fired power plants and converts it into calcium and magnesium carbonates for use in manufacturing carbon negative products such as sand, aggregate, supplementary cementitious materials, and cement, as well as fresh water. The company's business plan calls for construction of multiple demonstration plants to validate the commercial viability of its technology.

"Calera is very enthusiastic about its alliance with Bechtel, a world leader in power plant and emissions technologies engineering, procurement and construction," said Brent Constantz, CEO of Calera. "Bechtel key personnel have been working closely with Calera in equipment design and optimization, and increasingly large-scale plant deployment engineering and design. We are very confident that our approach is the most technically viable, rapidly deployable, cost-effective and industrially scalable solution for large point-source emitters of CO2."

Bechtel and Calera have teamed up to deploy Calera's technology worldwide and to establish Calera's distinctive position within the growing carbon capture market. "We look forward to working with Calera to help deploy a technology that is both innovative and important as the world seeks ways to reduce greenhouse emissions," said Ian Copeland, president of Bechtel Renewables and New Technology. "The fundamental chemistry and physics of the Calera process are based on sound scientific principles and its core technology and equipment can be integrated with base power plants very effectively."

Copeland added that Bechtel has designed, built and installed similar technologies extensively. "While there are challenges to bringing the Calera process to commercial scale, they are not as great as those facing other carbon sequestration approaches," he said.

Calera captures CO2 from raw flue gas in natural water, converting it to calcium and magnesium carbonates, which are formulated into carbon negative building materials, resulting in the production of fresh water. Calera's processes and technologies are described for cement production, CO2 capture and conversion, water purification, and electrochemistry in numerous issued patents and published patent applications.

Bechtel has worked extensively with the Calera team at its headquarters, pilot plant, and on the engineering and design of several projects and government grant applications. Bechtel has been a leader in the emerging technology and renewable energy markets for more than 30 years, with experience in carbon capture, solar thermal, photovoltaic, wind, geothermal, integrated gasification combined-cycle (IGCC), energy-from-waste, and biomass projects.

About Calera

Calera Corporation converts carbon dioxide (CO2) from the burning of fossil fuel into carbon-negative building materials, enabling the production of clean power, cement, fresh water and other products to promote sustainable growth. The company was founded in 2007 by CEO Dr. Brent Constantz, and currently resides in over 40,000 square feet of lab space in Los Gatos and over 20 acres of land at the pilot facility in Moss Landing California. To learn more about Calera visit http://www.calera.com.

About Bechtel

Bechtel is one of the world's premier engineering, construction, and project management companies. Since its founding in 1898, Bechtel has worked on more than 22,000 projects in 140 countries on all seven continents. For well over half a century, Bechtel has been a leader in designing, building, and modernizing power plants and advancing innovative power generation technologies. Today, Bechtel's 44,000 employees are teamed with customers, partners, and suppliers on hundreds of projects in nearly 50 countries. For more information about Bechtel visit www.bechtel.com.

Contact Information

  • Calera Media Contact
    Nickole Powe
    Corporate Communications
    Calera Corporation
    (408) 340-4674
    npowe@calera.com

    Bechtel Media Contact
    Francis M. Canavan
    Manager, Media and Public Affairs
    Bechtel Corporation
    (301) 228-8950
    fcanavan@bechtel.com