Sydney - Medianet International-AsiaNet/ - 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 (EESH.OB), which is publicly traded on the US Bulletin Board and operates a technical facility in Brisbane, Australia, 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 Santoss 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 Santoss 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 Victorias 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 worlds largest to date.
For further information on EESTECH or its products please visit the companys 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 +612 9413 4244.
SOURCE: EESTECH
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 Companys 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.
EESTECH (EESH.OB), which is publicly traded on the US Bulletin Board and operates a technical facility in Brisbane, Australia, 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 Santoss 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 Santoss 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 Victorias 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 worlds largest to date.
For further information on EESTECH or its products please visit the companys 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 +612 9413 4244.
SOURCE: EESTECH
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 Companys 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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