MEDIA RELEASE 18 February 2008
World's most advanced carbon capture technology comes to Australia
An Australian-based company has acquired the Asia-Pacific rights to the worlds
most advanced carbon capture and storage system.
EESTech Inc., which is based in Brisbane, has secured the rights to HTC
Purenergy's world leading CO2 capture management technologies for the
Australasian region.
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 China with contract
revenue potential of over $100 million for each installed system.
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.
HTC'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.
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," Mr Lynch added.
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 (02) 9413
4244.
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