HTC Purenergy Inc. & Doosan Babcock Energy Announces World-Leading Carbon Capture Project With United States Utility Basin Elect
21 Décembre 2009 - 1:10PM
Marketwired
HTC Purenergy Inc. (TSX-V: HTC) ("HTC") jointly with Doosan Babcock
Energy, United Kingdom ("Doosan Babcock") today announced it has
been selected to undertake a major carbon capture project with US
utility Basin Electric Power Cooperative ("Basin Electric").
The eventual aim of the project is to use the captured CO2 for
enhanced oil recovery close to the power plant with the CO2
subsequently stored underground. The initial engineering phase will
commence in January and will provide Basin Electric with a
comprehensive assessment to enable them to make a decision on the
final project notice to proceed for the CO2 capture plant
solution.
"Basin Electric Power Cooperative is a globally recognized
leader in CO2 management through its high profile CO2 capture and
enhanced oil recovery/storage project in Weyburn, Saskatchewan,"
said Lionel Kambeitz, Chairman and CEO of HTC. Adding to this, Mr.
Kambeitz stated, "In this new project Doosan Babcock and HTC will
provide and integrate world leading commercial-ready carbon capture
technology, developed at the University of Regina, into the Basin
Electric Antelope Valley Station coal fired power plant."
Iain Miller, CEO of Doosan Babcock, said, "I am delighted that
Doosan Babcock in partnership with HTC has been chosen to conduct
this project for Basin Electric Power Cooperative. This illustrates
that Doosan Babcock is at the cutting-edge of carbon capture
technology, and this project is an important milestone in the
commercial implementation of carbon capture."
Ron Harper, Basin Electric CEO and general manager, said HTC has
a proven technology that has been used for many years in a variety
of applications to successfully capture CO2. "This decision is yet
another step in the long process of identifying solutions to
successfully address the challenges of a clean energy future,"
Harper said. "I applaud our board's vision in these very dynamic
times. This was a major decision."
Basin Electric Power Cooperative plans to construct the Carbon
Dioxide Capture Plant at its Antelope Valley Station ("AVS")
located near Beulah, North Dakota.
About HTC Purenergy
HTC Purenergy Inc. (TSX-V: HTC) is a leading provider of CO2
capture technologies that help industrial CO2 emitters
significantly and economically reduce greenhouse gas emissions. The
captured CO2 will also help produce more oil from end of life oil
reservoirs through Enhanced Oil Recovery ("EOR"). HTC has
established itself as a global leader in Carbon Capture and Storage
systems through its commercial partnership with Doosan Babcock and
world leading technologies developed in conjunction with the
University of Regina over the last 15 years.
About Doosan Babcock
Doosan Babcock designs, supplies and constructs advanced steam
generation technology for the power industry. We develop some of
the cleanest, most efficient coal-powered plants in the world.
Doosan Babcock is also a leading energy services company operating
in the thermal power, nuclear, oil & gas and petrochemical
industries. Through our innovation we support and enhance the
service life of energy assets across the world. With global
headquarters in the UK, Doosan Babcock employs around 5,000
personnel.
About Basin Electric Power Cooperative
Basin Electric is a consumer-owned, regional cooperative
headquartered in Bismarck, N.D. It generates and transmits
electricity to 136 member rural electric systems in nine states:
Colorado, Iowa, Minnesota, Montana, Nebraska, New Mexico, North
Dakota, South Dakota, and Wyoming. These member systems distribute
electricity to about 2.8 million consumers.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THE RELEASE.
HTC Purenergy corporate developments can be followed on
www.htcenergy.com and is traded under the symbol HTC.
For more information contact: Jeff Allison HTC Purenergy
Telephone: (306) 352-6132 Fax: (306) 545-3262 E-mail:
jallison@htcenergy.com
HTC Purenergy (TSXV:HTC)
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