MEDIA RELEASE 18 December 2006
First Chinese coal mine is selected for EEStech Inc HCGT power station
Renewable energy and water purification specialist EESTech Inc, (EESH.OB)
and the Liaoning Fuxin Coal Group of Northern China have selected the HaiZhou
coal mine as the first coal mine in China to use the HCGT power plant
technology.
EESTech representatives and engineers from the Liaoning Fuxin Coal Group last
week selected the location and site for the first ten megawatt HCGT power plant.
Geological surveys will now commence in preparation for construction in early
2007.
These works follow EESTech Inc being awarded a contract with Liaoning Fuxin Coal
Group of Northern China to build a 10-megawatt power plant as stage one of a
two-stage power project using the HCGT technology.
HCGT uses coal waste and ventilated air methane (VAM) to produce electricity.
This can significantly reduce fugitive methane gas emissions from underground
coal mines and potentially save the coal mining industry millions of dollars
annually in reduced expenditure for managing waste coal.
The Fuxin Coal Group is one of the largest coal companies in China, with North
China having most coal resources, accounting for 49.25% of the nationally
available reserves. China is the biggest coal producer in the World with an
annual output of 1.95 billion tonnes of coal in 2004.
This HaiZhou coal mine is stage one of a twenty-year coal mine methane
utilisation project and is expected to generate in excess of $100 million
dollars over the lifetime of the project. China's coal mines produce over 10
billion m3 of methane emissions per year and this project will demonstrate the
efficient use of this resource for producing environmentally beneficial
electricity.
EESTech Inc. is pleased to be awarded this contract to deliver a “Clean Coal
Technology” HCGT power plant that will benefit the environment and reduce
airborne pollution to produce electricity. This project will be registered as a
Clean Development Mechanism of China under the United Nations Framework
Convention on Climate Change and is a significant development towards a cleaner
and sustainable environment.
EESTech Inc., is the acronym of "Economically and Environmentally Sustainable
Technology" so this project is a demonstration of how government and industry
can work together to develop a cleaner environment.
EESTech Inc has secured a technology license from ComEnergy Pty Ltd for this
project.
ComEnergy Pty Ltd and its partners have developed the Hybrid Coal and Gas
Turbine (HCGT) over many years and has assigned EESTech the marketing rights to
establish the required 30 megawatt power generating capacity in China using the
HCGT technology.
An outstanding asset of the HCGT technology is its ability to convert coal mine
methane into carbon dioxide and earn Green House Gas Abatement Credits, as an
additional income source.
For contact details and further information please visit the EESTech, Inc.
website: www.eestechinc.com.
***
Released on behalf of EESTech Inc., by Dennis Rutzou Public Relations (www.drpr.com.au).
For further information please contact Dennis Rutzou
on (+612) 9413 4244.
Forward Looking Statement:
This media release includes statements that may constitute
‘forward-looking’ statements. The statements can generally be identified by
phrases such as EESTech, Inc or its management ‘believes’ ‘forecasts’,
‘estimates’ or other words or phrases of similar import. These statements are
made pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995.
Similarly, such statements herein that describe the Company’s business strategy,
outlook, objectives, plans, intentions or goals are forward-looking statements.
Forward-looking statements inherently involve risks and uncertainties that could
cause actual results to differ materially from forward-looking statements.
Factors which would cause or contribute to such differences include, but are not
limited to our ability to recruit and retain key personnel, the availability of
funding for future operating requirements, our ability to protect our
intellectual property, our ability to secure contracts for the installation of
our products and our ability to develop and operate such projects successfully.
We urge you to carefully consider these factors and the information detailing
other factors (which could cause actual results to differ materially) included
in EESTech, Inc.’s forms 10Q and 10K filed with the SEC. The forward-looking
statements are based on current expectations and neither the Company nor its
management assumes any obligation to update these statements.
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