SOURCE: Energy Quest, Inc.

January 05, 2010 10:00 ET

Energy Quest's Gasification Power Plant Systems Cost Competitive

Energy Quest's Systems Are Very Competitive

HENDERSON, NV--(Marketwire - January 5, 2010) - Energy Quest, Inc. ("EQI") (OTCBB: EQST) is an emerging leader in alternative energy and the development and production of hydrogen-enriched alternative fuels in an environmentally responsible manner.

Energy Quest's advanced biomass gasification systems can be configured to produce a wood or most any biomass to energy gasification plant for $1.5 million per installed MWe of capacity. This is approximately 50 to 75% of the cost of competitive plants. The lower cost is due to Energy Quest's advanced modular designs, resulting in lower set up costs and increased efficiencies. One of the leaders in this industry recently built and installed a biomass gasification plant for approximately $2.5 million per installed MWe of capacity which is over 60% more than the cost of the EQI modular system. Other technologies can go as high as $3.5 million per installed MWe of capacity while some suppliers are claiming costs as low as $2 million per installed MWe of capacity. Almost all biomass power plants that are currently being installed around the world are steam turbine gasification plants. Steam plants are more expensive than the EQI power generation process. The industry has grown in excess of 50% from 1990 to 2009 and is growing about 10% per year. The synfuel that is produced can either be used to produce power or chemicals such as methanol. About half of the world capacity is used for chemicals and the other half for power. The trend, however, is toward power. Air emissions from Energy Quest's gasification plants are designed to be far below U.S. Clean Air Standards.

About Energy Quest

Energy Quest, Inc., a Nevada Corporation, is an emerging leader in the development, construction and marketing of low-cost alternate fuels worldwide. Through superior technology, the Company is focused on becoming a GreenPowerhouse™. Record energy prices, combined with the global focus moving rapidly towards addressing pollution, has heightened the need for sustainable, zero emission energy. Energy Quest's technology is based on clean, renewable energy, positioning it to benefit from global trends. Web-site

Forward-Looking Statements

From time to time, the company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly. The Company's filings may be accessed at the SEC's Edgar system at Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, we do not undertake, and we specifically disclaim any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such a statement.

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