MEDIA RELEASE 20 May 2008
EESTECH and Santos signs agreement for carbon capture
EESTECH and HTC Purenergy have entered into an agreement to explore business
opportunities with Santos (www.santos.com) for carbon capture, storage and
enhanced oil recovery using carbon (CO2) from its own gas fields.
EESTECH owns the exclusive Asia-Pacific rights to the HTC Purenergy Carbon
Capture technology, which includes the world's first pre engineered, modular,
1000 tonne per day carbon capture system known as the "CCS IOOO".
The HTC Purenergy system was developed over the past fifteen years at the world
renowned International Test Centre for Carbon Capture at the University of
Regina, Saskatchewan, Canada. The system captures CO2 from the flue gas stream
of coal and gas fired power stations for subsequent storage in either
underground aquifers or depleted oil and gas fields.
The HTC Purenergy carbon capture technology can be retrofitted onto existing
power plants. When integrated with EESTECH's Hybrid Coal Gas Turbine (HCGT),
which utilises waste coal and methane to produce the energy required for carbon
capture, the cost of carbon capture is significantly reduced.
Santos acting Managing Director David Knox welcomed the agreement, which he said
would further complement Santos's commitment to the research and development of
carbon capture and storage into depleted oil and gas fields.
"This project will build on our current development activities focusing on the
Moomba Carbon Storage Project which has the long-term objective of establishing
a large-scale carbon storage hub at Moomba, which could eventually store up to
20 million tonnes of carbon dioxide per year and 1 billion tonnes over the life
of the project.
"It would do so by injecting carbon dioxide into the depleted and/or depleting
oil and gas reservoirs of the Cooper Basin, thereby providing a secure storage
solution for major carbon emitters in Queensland, New South Wales and South
Australia, as well as stimulating further gas flow from the field, he said".
Mr John Hanson, representing EESTECH and HTC said that the signing of the
agreement will allow EESTECH and HTC to demonstrate how its market leading CO2
management technologies could deliver fully optimized, large scale,
site-specific CO2 capture solutions in keeping with Santos's objectives.
"We are delighted with the signing of this agreement and look forward to a
long-term collaboration with Santos," he said.
The agreement with Santos follows the recent announcement of a feasibility study
with Loy Yang Power, which operates a 2200 MW brown coal fired power station in
Victoria's Latrobe Valley and an agreement by HTC Purenergy with the Norwegian
Government to build a carbon capture and storage facility capable of capturing
over 1 million tonnes of CO2 per year, making it potentially the world's largest
to date.
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 Dennis Rutzou or Joanna Gitsham on (02) 9413
4244.
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