MEDIA RELEASE 09 September 2008
EESTECH CCS project developments strengthened by HTC, Doosan Babcock
Agreement
EESTECH (EESH.OB) with facilities in Queensland, Australia is set to benefit
from the strategic Licensing Agreement recently signed between HTC Canada,
Doosan Babcock Energy, UK and Doosan Heavy Industries and Construction of South
Korea.
This agreement will further advance HTC as a world leader in the development and
deployment of Carbon Capture and Storage (CCS) technologies, increasing the
project development capabilities and opportunities for EESTECH.
Doosan Babcock will gain access to this world leading CCS technology developed
by HTC and the University of Regina, together they will jointly advance the
large-scale integration of CO2 Capture with existing, new coal and gas fired
power plants.
EESTECH owns the Australian developed Hybrid Coalmine Gas Technology (HCGT),
which can be integrated with HTC's 'CCS' technology. A standard EESTECH HCGT
project utilises waste coal and methane to produce cost effective clean coal
energy, significantly reducing the cost of carbon capture and as a result of the
waste to energy process, generates up to 1 million tons of carbon abatement
credits per year.
"This agreement is seen as a significant milestone for EESTECH, bringing both
the world's best CCS technologies from HTC and the engineering/ construction
capabilities of Doosan Babcock, to further enable EESTECH's development of CCS
and HCGT projects,” said Mr Murray Bailey, CEO of EESTECH.
HTC is recognised as a global leader in CO2 capture storage technologies. HTC's
commercial products include the world's first pre-engineered, modular, OEM
carbon capture system known as the 'Purenergy CCS Series'. HTC in collaboration
with the University of Regina and Doosan Babcock Energy, are now integrating
their capabilities and technologies to advance the development of next
generation cost effective carbon capture capable power plants.
Doosan Babcock Energy and Doosan Heavy Industries and Construction together are
one of the world's largest power plant equipment supplies and power plant
constructors.
Doosan Babcock designs, supplies and constructs advanced steam generation
technology for the power industry and also develops some of the cleanest, most
efficient coal-powered plants in the world. Doosan Babcock is a leading energy
services company operating in the thermal power, nuclear, oil & gas and
petrochemical industries. Through innovation Doosan Babcock supports and
enhances the service life of energy assets around the world.
With global headquarters in the UK, Doosan Babcock employs around 5,000
personnel. Doosan Babcock is a wholly owned subsidiary of Doosan Heavy
Industries and Construction, which is a part of the Korean based conglomerate
Doosan Group.
For further information on EESTECH or its products visit
www.eestechinc.com.
Released for EESTECH Inc by Dennis Rutzou Public Relations (www.drpr.com.au)
For further information please call Joanna Gitsham or Nicola Rutzou on 02 9413
4244.
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