HTC Hydrogen Technologies Corp.
TSX VENTURE : HTC
January 29, 2008 12:54 ET
HTC Purenergy to Launch, New CO2 Capture System in Alberta
CALGARY, ALBERTA--(Marketwire - Jan. 29, 2008) - HTC Purenergy (TSX VENTURE:HTC) ("HTC"), an energy technology company that is commercializing CO2 Capture/Storage Technologies for Enhanced Oil Recovery ("EOR") announced today that that they have launched the world's first modular, pre-engineered CO2 Capture System, called the "Purenergy CCS 1000™".
The Purenergy CCS 1000™ is a stand alone carbon capture system that will capture CO2 from the flue gas exhaust of power plants, oil and gas processing facilities and large industrial emitters. The captured CO2 will be used for CO2 enhanced oil recovery or be stored geologically. The Purenergy CCS 1000™ will be pre-engineered, pre-built and modularly constructed by HTC's strategic partners Pinnacle Industrial Services of Regina and NuVision Industries of Carseland Alberta using technologies developed and validated for over 12 years at the University of Regina. The system will be capable of capturing 1000 tons per day of CO2, and because of its modular design, will be able to be manufactured, shipped and erected at the emitter sight at a much lower cost than other systems that have to be custom built on site.
HTC's Chairman and CEO - Lionel Kambeitz commented "HTC's Purenergy CCS 1000™ has been designed to substantially reduce the cost of CO2 capture. Our company has had a significant amount of pre-launch interest world-wide for the product. HTC is advantaged by commercializing the world leading technology developed at the Green House Gas Technology Centre at the University of Regina. We have been developing Team CO2 through employing and engaging the many skilled graduate and doctorate students, as well as researchers from the University of Regina. We will now continue to expand highly skilled opportunities in Saskatchewan and Alberta to satisfy the engineering, building and commercializing of this new CO2 capture system. By applying world leading CO2 capture technology with the reduced costs of a pre-engineered, modular system, we believe we will have the lowest cost CO2 capture solution."
HTC Purenergy is globally commercializing this product through its head office in Regina (Canada), with commercial offices in Sydney (Australia), Beijing (China), and Vermont (USA) and strategic partner manufacturing/assembly facilities in Regina and Carseland Alberta.
HTC Purenergy corporate developments can be followed on www.htcenergy.com and is traded under the symbol HTC.
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