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November 27, 2006 - 10:30 AM EST
EESTech Clean Coal Technology Awarded $US100 Million Power Plant Contract In China
SYDNEY, Australia, Nov. 27 /PRNewswire-FirstCall/ -- Renewable energy and water purification specialist EESTech Inc., (EESH.OB) has been awarded a purchase agreement contract worth $US100 million by Liaoning Fuxin Coal Group of Northern China for a 10 megawatt power plant.
The agreement to build a 10 megawatt HCGT power generating capacity represents the first stage of a two stage contract. Stage two will involve the construction of an additional 20 megawatt capacity with the total 30 megawatts that will be produced being purchased by the Fuxin Coal Group under a twenty year power purchase agreement.
The Fuxin Coal Group is one of the largest coal companies in China, with Northern China coal resources accounting for 49.25% of the nationally available reserves. China is the biggest coal producer in the world with an output of over 1.9 billion tones of coal per year. The contract is a coal mine methane utilisation project and as China produces over 10 billion m3 of methane emissions per year from coal mines, the HCGT process will demonstrate the efficient and environmentally compatible use of this resource in the production of electricity.
The Hybrid Coal and Gas Turbine (HCGT) developed in Australia was designated a Clean Coal Technology by the Australian and United States Climate Action Partnership. The United States, Australia, China, India, Japan, and South Korea recently launched the Asia-Pacific Partnership on Clean Development and Climate. The objective is to advance the goal of developing and accelerating the deployment of cleaner and more efficient technologies and practices. The Partnership is a groundbreaking climate change approach bringing together key developed and developing countries on practical, pro-growth, technology-driven efforts. It was established in 2002 and involves countries that account for about half of the world's population and more than half of the world's economy, energy use, and greenhouse gas emissions.
This Partnership builds on existing multilateral climate initiatives including the Carbon Sequestration Leadership Forum, the International Partnership for a Hydrogen Economy, and Methane to Markets partnership. The Methane to Markets Partnership was designed to serve as a framework to promote cost-effective, near-term methane recovery internationally through partnerships among developed countries, developing countries, and countries with economies in transition. The purpose of this initiative was to create a voluntary, non-binding framework for international cooperation to advance the recovery and use of methane as a valuable clean energy source to increase energy security, enhance economic growth, improve air quality, improve industrial safety, and reduce greenhouse gas emissions throughout the world. The Partnership will focus on the development of strategies and markets for the recovery and use of methane through technology development, demonstration and deployment. The Clean Coal Technology HCGT power plant will benefit the environment and reduce airborne pollution to produce electricity. This project is recognized as a Clean Development Mechanism (CDM) in China and is a significant development towards a cleaner and sustainable environment.
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. This project is a very important first step to demonstrate the production of electricity in an environmental and economically responsible way while demonstrating compliance with the objectives of the partnership. EESTech was awarded the marketing rights to establish the required power generating capacity using the HCGT technology by ComEnergy Pty Ltd and its partners who have developed the Hybrid Coal and Gas Turbine (HCGT) over many years.
An outstanding asset of the HCGT technology is its ability to convert coalmine methane into carbon dioxide and earn Green House Gas Abatement Credits, an additional income source.
For contact details and further information please visit the EESTech, 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.
EESTech and Chinese City of Fuxin Plan to Build Power Plant
BRISBANE, Australia, Oct. 5 /PRNewswire-FirstCall/ -- Renewable energy and water purification specialist EESTech, Inc., (EESH.OB) has signed a letter of intent with Liaoning Fuxin Coal Group and the Fuxin City Government, Liaoning Province, China to build a 30 megawatt power plant. EESTech, Inc. is a network member of the Methane to Market initiative, a United States Environmental Protection Agency sponsored organization.
The intention of Fuxin City and EESTech is to use the Australian developed HCGT technology to mitigate waste coal and methane in the production of electricity. The project is supported by the National Reform and Development Commission of China.
When negotiations are completed EESTech, Inc. plans to build a HCGT power plant and sell the electricity to the Liaoning Fuxin Coal Group through a twenty year power purchase agreement. This agreement is expected to generate an estimated income of over $200 USD million for the contract period. ComEnergy Pty Ltd, an Australian Government Research Agency and Industry partnership company, developed the Hybrid Coal and Gas Turbine (HCGT) and has assigned EESTech the marketing rights to establish the required 30 megawatt power generating capacity using the HCGT technology.
HCGT technology will significantly reduce the environmental impacts of coal mining by lowering fugitive methane emissions from underground mines, reducing acid run-off and gaseous emissions from waste coal stockpiles. At the same time it will deliver potentially significant savings on power and waste coal management costs.
The US and Australian Federal Governments have signed a 'Climate Action Partnership' agreement with 18 member countries including China. Under this agreement, the HCGT technology has been identified as one of seven technologies that the partnership will collaborate to ensure the rapid uptake of this technology into the market place.
The HCGT process involves burning gas, waste coal or biomass in a rotating kiln to produce hot exhaust gases which in turn pass through a specially adapted heat exchanger to produce steam which spins the turbine to produce electricity. HCGT technology can use low quality energy sources, high sulphur and high ash content coal, tailings, lignite, biomass or municipal waste as its fuel to generate power and turn what is currently regarded as waste into electricity.
The third conference of the United Nations Framework Convention on Global Change concluded that methane gas is one of the target greenhouse gases. 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, an additional income source.
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