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News for 'REER' - (Alex Edwards III, CEO of Renew Energy Resources, Inc. Talks to The Wall Street Transcript)
NEW YORK, Sep 15, 2008 (BUSINESS WIRE) -- The Wall Street Transcript has
published an in-depth interview with Alex Edwards III, CEO of Renew Energy
Resources, Inc. (Pink Sheets:REER) in which he talks at length about the
Company.
The entire 2,500 word interview is available free online at
http://www.twst.com/ceos.htm.
Renew Energy Resources, Inc is an alternative energy development company focused
on converting non food-based feed stocks into renewable energy. Non food-based
feed stocks include waste vegetable oil, corn oil, brown grease, animal fats,
recycled plastics, and discarded tires. Renew is focusing on plants that are
both origination and destination based. Renew plans to vertically integrate
renewable energy markets such as biodiesel, ethanol, solar and wind. Its initial
focus will be in biodiesel. Vertical integration will include facility ownership
as well as facility management, off-take contracts for the primary product
produced, value added refinement of derivative products, distribution, sales,
marketing and financing of export sales contracts.
When asked about the company's current activity Mr. Edwards stated, "We have
evaluated multiple non-food based feedstock and determined how to procure these
at a fixed cost or relatively stable cost over the medium to long term. And
we're talking years, not quarters. We've identified a number of these different
opportunities in the Northeast, in the Southeast and in the Midwest. Our plan
calls for building or acquiring facilities, however in the near-term, we are
evaluating opportunities that will allow us to take feedstock to a current
existing facility and produce biodiesel via a tolling arrangement."
When asked about the best opportunity for moving the company forward, Mr.
Edwards stated, "It's delivering biodiesel based on waste vegetable oil that's
collected in metropolitan areas around the country, building facilities that
represent a size appropriate scaling for the distribution, and collection of
those types of oils. Our business plan calls for right-sized, well located,
vertically integrated energy production, and we believe using this strategy we
can use waste vegetable oil, trap grease and other things to make biodiesel very
cost effective. Looking forward we see a lot of political pressure to expand the
various incentives available to renewable energy producers. If those credits and
incentives are put in place, it will make an already solid business model even
stronger and should return great shareholder value."
The Wall Street Transcript does not endorse the views of any interviewees nor
does it make stock recommendations. For subscription information call
800/246-7673.
SOURCE: Renew Energy Resources, Inc.
CONTACT:
Redwood Consultants
Jens Dalsgaard, 415-884-0348
Renew Energy Resources Launches Legacy Bio-Fuels
Friday August 15, 9:50 am ET
New Subsidiary to Pursue Waste Vegetable Oil Bio-Diesel Opportunities in Northeast
TAMPA, Fla.--(BUSINESS WIRE)--Renew Energy Resources, Inc. (PINK SHEETS:REER - News) (“RENEW” or the “Company”), today announced that it has formed a wholly owned subsidiary, Legacy Bio-Fuels, to pursue opportunities for a vertically integrated waste vegetable oil facility in the Northeast. The Company’s business plan has been to identify opportunities by which the Company can facilitate Bio-Diesel production by integrating the financial risk between Feedstock, Production, and Sales. The Company has identified and is currently in negotiations with highly strategic groups focused on accomplishing this goal. The launching of a new subsidiary is the next logical step in the process creating an operating subsidiary by which the company can move forward in the Northeast.
Alex H. Edwards III, Renew Energy Resources CEO stated, “We are extremely pleased with the progress we have made in pursuing a vertically integrated solution for one of the countries most populated areas. Our team has worked diligently to identify the right partners to accomplish this mission and we look forward to Legacy being extremely successful extremely quickly.”
Forward Looking Statements
Investors are cautioned that certain statements contained in this document are “Forward-Looking Statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as “believes,” “anticipates,” “intends,” “plans,” “expects,” and similar expressions. In addition, any statement concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future RENEW actions, which may be provided by management, are also forward-looking statements as defined by the act. These statements are not guarantees of future performance.
For More information please visit www.renwenergy.com.
Contact:
Renew Energy Resources, Inc.
Stephen Steckel, 813-865-1120
ssteckel@renwenergy.com
Axion International Receives Order for Tank Bridge at the US Army Base in Fort Bragg, North Carolina
Friday July 18, 11:26 am ET
BASKING RIDGE, N.J., July 18 /PRNewswire-FirstCall/ -- Axion International, a wholly-owned subsidiary of Analytical Surveys, Inc. (OTC Bulletin Board: ANLT - News), a technology company that converts recycled plastics into high value-added structural products used in commercial applications, today announced it has received an initial purchase order for the fabrication and installation of a revolutionary thermoplastic composite I-beam tank bridge at the US Army base in Fort Bragg, North Carolina which is required to support approximately a 140,000 pound load.
In conjunction with Rutgers University, Axion has developed composite plastics technology utilizing 100% recycled plastic; Axion's structural products have the distinct advantage of being environmentally friendly as well as providing superior products to customers. The Company's products address the increasing worldwide environmental concerns for deforestation coupled with the specific goals for recycling, reducing greenhouse gases and manufacturing products without toxic materials. Axion's products last up to 10 times longer than conventional creosote treated or pressure treated wooden ties and bridges, offering significant cost savings in maintenance and product replacement, and have freedom from biological attack (including termites and mold), and moisture. Axion products are inert and do not leach hazardous elements into the environment.
Axion International CEO Jim Kerstein stated, "This order for a tank bridge at Fort Bragg validates the success of the bridge located in Fort Leonard Wood which was constructed in 1998 using our first generation technology. The U.S. Army Corps of Engineers strongly supports our innovative plastic composite bridge due in part to their assessment that the Fort Leonard Wood Bridge has had virtually no maintenance and still looks like new nine years later."
About Axion International
Axion International (www.axionintl.com) is positioned as an important structural product provider of alternative infrastructure and building products. Axion operates from a "green" base, developing structural products made from recycled consumer and industrial plastics that would otherwise be discarded into landfills. Axion International's patented technologies, developed in collaboration with scientists at Rutgers University, allow for products that are extremely strong, durable, flexible in use, and low maintenance. Traditional construction suppliers of wood, steel, and concrete cannot compete with the flexible design features of structural plastic. Manufactured from consumer and industrial waste plastics, Axion's upcycled products are an economic alternative to traditional building materials.
Forward-Looking Statements
This release contains "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause Analytical Surveys' actual results to differ materially from those currently anticipated, including the risk factors identified in Analytical Surveys' filings with the Securities and Exchange Commission.
Investors:
Jim Kerstein
(908) 542-0888
jkerstein@axionintl.com
--------------------------------------------------------------------------------
Source: Analytical Surveys, Inc.
Axion International Receives Purchase Order for Engineered Composite Railroad Switch Ties from Toronto Transit Commission
Thursday May 29, 8:30 am ET
BASKING RIDGE, N.J., May 29 /PRNewswire-FirstCall/ -- Axion International, a wholly-owned subsidiary of Analytical Surveys, Inc. (OTC Bulletin Board: ANLT - News) an innovative developer for alternative infrastructure and building products industry, today announced it has received an initial purchase order for their specialty engineered composite railroad switch ties from the Toronto Transit Commission. The Toronto Transit Commission (TTC) is a public transport authority that operates buses, streetcars, subways, and advanced light rapid transit (ALRT) in Toronto, Ontario, Canada. (www.toronto.ca/ttc/)
In conjunction with Rutgers University, Axion has developed plastics technology utilizing virtually 100% recycled plastic; Axion's structural products have the distinct advantage of being environmentally friendly as well as providing superior products to customers. The Company's products address the increasing worldwide environmental concerns for deforestation coupled with the specific goals for recycling, reducing greenhouse gases and manufacturing products without toxic materials. Axion's products last longer than conventional creosote treated wooden ties, perhaps longer than fifty years, offering significant cost savings in maintenance and product replacement, have freedom from biological attack (including termites), moisture, and eliminate the hazardous exposure to humans and the environment.
Axion International CEO Jim Kerstein stated, "We're pleased to have received this initial purchase order from The Toronto Transit Commission for our engineered composite railroad ties. While this will be the first switch set order produced by Axion, our technology has previously been tested by TTC in their subway system. This order, procured by our Canadian sales partner H.J. Skelton, who since 1883 has been supplying top quality products to Railways and Transits, is expected to be the first of many. The Railway Tie Association data indicates the major North American railroads purchase between 18 to 20,000,000 crossties annually."
About Axion International
Axion International (www.axionintl.com) is positioned as an important structural product provider of alternative infrastructure and building products. Axion operates from a "green" base, developing structural products made from recycled consumer and industrial plastics that would otherwise be discarded into landfills. Axion International's patented technologies, developed in collaboration with scientists at Rutgers University, allow for products that are extremely strong, durable, flexible in use, and low maintenance. Traditional construction suppliers of wood, steel, and concrete cannot compete with the flexible design features of structural plastic. Manufactured from consumer and industrial waste plastics, Axion's upcycled products are an economic alternative to traditional building materials.
Forward-Looking Statements
This release contains "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause Axion's actual results to differ materially from those currently anticipated, including the risk factors identified in Axion's filings with the Securities and Exchange Commission.
Investors:
Jim Kerstein
908-542-0888
jkerstein@axionintl.com
Renew Energy Resources Announces the Appointment of James S. Blair Sr. as Senior Vice President Operations
Wednesday May 21, 9:45 am ET
Brings over 10 Years of Bio-Fuel Production Experience to the Company
TAMPA, Fla.--(BUSINESS WIRE)--Renew Energy Resources (Pink Sheets:VTBD - News) (“RENEW” or the “Company”) today announced the appointment of James S. Blair Sr. as Senior Vice President Operations. Mr. Blair joins the Company after extended periods with multiple Bio-Diesel and Ethanol projects where he served in various major capacities. He is assuming a critical role with RENEW and will be directly tasked with the implementation and delivery of the company’s vertically integrated model for bio-fuel production, distribution, sales and marketing.
Mr. Blair will immediately take a lead role on the Company’s project management team and will spearhead the multifaceted/multi-facility approach that has been described in the company’s business plan.
“Jim Blair represents the best of the best in the United States Bio-Fuels industry and we are extremely pleased and excited to have him leading our operational team,” stated Alex H. Edwards III the Company’s CEO. “His experience in every aspect of Bio-fuel financing, production, distribution, sales and marketing make him the perfect fit to complement our dynamic technical team. Most importantly, he provides the company with the needed edge to complete numerous projects expected to enhance cash flow and profitability. We’ve now successfully created a very accomplished and competent management team, all collectively focused on creating sustainable long term shareholder value.”
James S. Blair Sr. Mr. Blair previously served as President, Chief Executive Officer and Chairman of Core Ventures Renewable Fuels since 2005. During this time Mr. Blair structured an organization, raised the necessary funds, selected the biodiesel process technology and project managed the construction of a 30 million gallon per year biodiesel facility located in Mason City, IA. Mr. Blair also served as Vice Chairman of the board of directors of this facility, Freedom Fuels. From 2002 to 2005, Mr. Blair functioned as the Chief Financial Officer of SoyMor and Agra Resources Cooperatives; these are 2 renewable fuels facilities located in Albert Lea, MN. During this time he structured an organization, raised the necessary funds, and selected the biodiesel and lecithin fractionation process and project managed the construction of this integrated 30 million gallon per year biodiesel, lecithin fractionation facility located in Albert Lea, MN. Prior to 1998 Mr. Blair served in numerous capacities at AcroMetal Companies. Mr. Blair is a graduate of Macalester College, majoring in Economics, Business and a focus in accounting. He received an advanced degree from the University Wisconsin of LaCrosse in Business Administration.
Investors are cautioned that certain statements contained in this document are “Forward-Looking Statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as “believes,” “anticipates,” “intends,” “plans,” “expects,” and similar expressions. In addition, any statement concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future RENEW actions, which may be provided by management, are also forward-looking statements as defined by the act. These statements are not guarantees of future performance.
Contact:
Renew Energy Resources, Tampa
Stephen Steckel, 813-865-1123
ssteckel@renwenergy.com
Renew Energy Resources Announces Entry Into the Bio-Diesel Market
Tuesday May 20, 10:25 am ET
Company Establishes First Facility for Management and Bio-Diesel Production
TAMPA, Fla.--(BUSINESS WIRE)--Renew Energy Resources (Pink Sheets:VTBD - News) (“RENEW” or the “Company”) today announced that it has entered into an agreement for the consulting and management of a mid-sized Bio-Diesel facility which will produce “Fatty Acid Methel Esters” (FAME). This is the first in a series of consulting/management/acquisition agreements that the company intends to execute which will allow the company to create a vertically integrated solution for the Bio-Diesel industry.
The Company’s project management team will commence work at this facility immediately and anticipates ramping up production capacity as process improvements are implemented. RENEW anticipates bio-diesel sales in mid to late June with recurring sales monthly thereafter.
This facility is a proven operating asset and should allow the Company to execute previously negotiated sales contracts for the delivery of Bio-Diesel which will be a blend of “Soy Methel Esters” and FAME.
“Our team has worked diligently to develop a highly focused business direction with regards to Bio-Diesel production and sales. This facility represents the initial positive step towards implementing and executing our stated plan. We believe it should lead to revenue in the near term,” stated Alex H. Edwards III the Company’s CEO. “We remain focused on delivering quality products via our vertical integration model with a long term goal of creating sustainable shareholder value.”
Investors are cautioned that certain statements contained in this document are “Forward-Looking Statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as “believes,” “anticipates,” “intends,” “plans,” “expects,” and similar expressions. In addition, any statement concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future RENEW actions, which may be provided by management, are also forward-looking statements as defined by the act. These statements are not guarantees of future performance.
Contact:
Renew Energy Resources, Tampa
Stephen Steckel, 813-865-1120
ssteckel@renwenergy.com
VitalTrust Announces Name Change to Renew Energy Resources, Inc.
Wednesday April 30, 9:30 am ET
Company to Immediately Apply for a New Trading Symbol
TAMPA, Fla.--(BUSINESS WIRE)--VitalTrust Business Development Company (Pink Sheets:VTBD - News) (“VTBD” or the “Company”) today announced that it has completed all of the necessary procedures to change the Company’s name to Renew Energy Resources. The Company has also requested a new trading symbol from the NASDAQ.
The Company chose Renew Energy Resources as a call to action, which is indicative of the Company’s new business direction in the renewable energy sector. This plan calls for vertical integration of the production, distribution, sales, and marketing of Bio-Diesel, Ethanol, and Electricity.
Alex H. Edwards III, Renew Energy Resources CEO stated, “We’re pleased to have effected a name change aligned with our business focus. The Company’s name is now more representative of a company building momentum across diversified revenue streams in the renewable energy field. Economic and political conditions are ripening, now is the opportune time for us to begin meaningful production and distribution globally. I believe we are strategically positioned and poised for growth. We have built an extremely competent and experienced management team more than capable of executing our business plan and building shareholder value.”
Forward Looking Statements
Investors are cautioned that certain statements contained in this document are “Forward-Looking Statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as “believes,” “anticipates,” “intends,” “plans,” “expects,” and similar expressions. In addition, any statement concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future Renew Energy Resources actions, which may be provided by management, are also forward-looking statements as defined by the act. These statements are not guarantees of future performance.
For More information please visit www.renwenergy.com.
Contact:
Renew Energy Resources, Tampa
Stephen Steckel, 813-865-1120
ssteckel@renwenergy.com
info@renwenergy.com
WILF OUELLETTE – ENERGY QUEST INC. (EQST)
CEO Interview - published 03/31/2008
WILF OUELLETTE, President, Chief Executive Officer and a Director of Energy
Quest Inc., has been a Director since July 1, 2005 and the company's President
and Chief Executive Officer since May 5, 2006. Mr. Ouellette has been a Director
and the Chief Executive Officer of Syngas Energy Corp., the company's wholly
owned subsidiary, since February 2005. He has over 25 years' experience in
process combustion. Since 2001 he has worked as a consultant through his own
company, Aclade Energy Corp., offering consulting services in the waste to
energy industry, developing new projects in the energy sector and marketing the
fluidized bed gasifier. Mr. Ouellette has been principally active in the fields
of heating, ventilating, air conditioning and process combustion systems since
1965. He also has extensive experience in the development and integration of
alternate energy systems. Mr. Ouellette's technical experience encompasses the
following areas: instrumentation and control systems design and applications,
heating and ventilation equipment systems applications, burner management and
flame safe guard systems, combustion processes, burner design and applications,
waste gasification processes and air pollution engineering.
SECTOR - ENERGY
TWST: Please tell us about Energy Quest.
Mr. Ouellette: Energy Quest Inc. is an alternative energy company engaged in the
research, development and commercialization of low cost bio-fuel technologies
for industry. The two primary technologies of the company include bio-fuel
production using gasification and PyStR. PyStR technology is used to make
hydrogen and is superior to other technologies as it greatly reduces the cost of
hydrogen production.
Energy Quest Inc. was incorporated as a Nevada company on June 20, 1997. It
changed its corporate name to Energy Quest Inc. on May 31, 2007. Energy Quest's
wholly owned subsidiary, Syngas Energy Corp., was incorporated as a British
Columbia company on December 14, 2004, and its principal business involves an
integrated gasification production system technology that combines modern
gasification with turbine technologies to produce synthetic gas and electricity.
TWST: What is PyStR?
Mr. Ouellette: PyStR — pronounced "Pie Star" — is a proprietary process that
generates near pure hydrogen H2 from most any carbonaceous feed stock. PyStR is
an acronym for Pyroletic Steam Reforming. The process can directly produce high
purity hydrogen from biomass and other carbonaceous feed stocks such as oil
sands, coal and petroleum coke.
TWST: Would you describe how the Energy Quest PyStR technology works?
Mr. Ouellette: The PyStR technology system incorporates a novel, jetting, very
high heat transfer direct fuel and sorbent contact reactor which is utilized to
steam reform coal, straw, giant cane, wood chips or any other biomass, and
chemically separate carbon oxides. The pyrolysis of biomass is accomplished by
direct contact between the biomass fuel stock and hot granular calcined lime at
moderate pressures. The lime is re-carbonated to limestone, directly producing
near pure H2 and heat for endothermic steam reforming. The resulting limestone
stream is then re-circulated and re-calcined (regenerated). Essentially 100% of
the CO2 can be prevented from entering the atmosphere.
The PyStR process involves three innovative steps. In step one, fuel and steam
are fed directly into the heat sink of lime sorbent. As the solid fuel
pyrolyzes, carbon monoxide and carbon dioxide immediately react with calcium
oxide to form limestone while near pure hydrogen exists the reactor vessel along
with some excess steam. Step two involves an innovative separation of solids
from gases and removal of ash from the process. Step three, or calcination,
includes another innovative PyStR process wherein a small portion of produced
hydrogen is combusted in air resulting in a near pure nitrogen and water stream
as well as a separate near pure carbon dioxide stream produced in an indirect
jetting calciner.
The technology produces near pure hydrogen (96%) in a single step process simply
by feeding biomass chips into a hot jetting granular lime filled reactor. The
biomass is pyrolyzed and steam reformed into hydrogen and oxides of carbon,
which immediately react with the lime producing heat to sustain pyrolysis and
steam reforming while also forming limestone. A novel gas/solids separator
returns the sorbent to an indirect calciner, where the limestone is recalcined
(effectively separating out a stream of near pure carbon dioxide) and
recirculated back to the reactor as lime. Separate streams of near pure hydrogen
and carbon dioxide exit the reactor.
TWST: What makes this superior to other comparable technologies?
Mr. Ouellette: The technology will significantly reduce hydrogen costs to levels
much less than present steam methane reforming methods. The technology can use
almost any carbonaceous materials other than methane to produce hydrogen. PyStR
can directly produce near pure hydrogen in a single step; it does not require
shift catalysts, separation membranes, oxygen separation, catalytic hot and cold
shift reactors, pressure swing adsorption towers or liquefaction pressures.
Hydrogen embrittlement is avoided altogether by combining pyrolysis with
reforming in a direct contact refractory lined vessel. This eliminates the
greatest system maintenance cost associated with current conventional
technologies. The process also captures any available carbon oxide gases,
effectively removing essentially all carbon from the fuel.
TWST: How much waste matter is required to convert to a useable amount of
energy?
Mr. Ouellette: The energy of one kilogram of hydrogen, which would be
approximately equal to one gallon of gasoline, would require approximately 10
kilograms of waste wood. In other words, 10 kilograms of waste wood will produce
one kilogram of hydrogen using the PyStR process.
TWST: Has this been proven in definitive field tests?
Mr. Ouellette: To date, the PyStR has produced hydrogen by steam reforming
biomass fuels, charcoal, wood chips and shredded elephant grass. The PyStR has
also achieved very high solids/gas separation efficiencies in an innovative,
continuous process without the need for bags or electrostatic precipitation.
TWST: What would it cost to build a small H2 plant and what is the estimated
payback period?
Mr. Ouellette: The smallest practical PyStR plant would cost approximately
$800,000. Expected payback time would be three years.
TWST: What other projects do you have online?
Mr. Ouellette: There are many applications for the PyStR process. We are looking
at other projects that use hydrogen and/or carbon dioxide. Besides hydrogen
being used in the oil industry for upgrading oil, carbon dioxide is used for CO2
enhanced oil recovery. The fertilizer industry uses hydrogen for making
ammonia. Hydrogen is a main component for making methanol and one day ethanol.
Hydrogen can also be used as a fuel for electric power generation.
EQ is also looking at several projects that will use the M2 gasification process
to produce electricity and heat. As an example, we have recently signed a
Letter of Intent with Willow Industries for a waste wood to electricity power
plant.
TWST: Tell us more about the purpose and potential of the Alberta Tar Sands
Project.
Mr. Ouellette: The purpose of the oil sands project would be to supply hydrogen
to existing and future oil sands upgrading operations. Energy Quest would use
the PyStR process to make hydrogen from waste petroleum coke and low grade
bitumen. The existing oil sands companies presently use natural gas to produce
hydrogen for their upgrading processes. Using petroleum coke and low grade
bitumen instead of natural gas would reduce hydrogen production costs by half.
The potential for the PyStR hydrogen process in the oil sands is huge. For
example Syncrude alone produces 500,000 barrels per day of synthetic oil. Each
barrel of oil uses approximately 3.5 kilograms of hydrogen for upgrading. Total
hydrogen used by Syncrude is 1.75 million kilograms per day. The cost of
hydrogen using natural gas feedstock would on average be $2.50 per kilogram.
Syncrude's daily hydrogen cost would be $4.375 million per day or approximately
$1.5 billion per year.
TWST: Tell us more about the purpose and potential of the Willow Project.
Mr. Ouellette: The purpose of the Willow project is to produce electricity from
waste wood.
Energy Quest Inc. will supply a biomass Wood Waste to Energy 6 megawatt (MW)
power plant system at the Willow site. The system is made up of a modern 6
megawatt Modular Biomass Power plant facility that will use an efficient biomass
preparation process and advanced modular gasification to generate electricity.
The 6 megawatt modular plant will be made up of two 3 megawatt energy modules.
Each 3 megawatt module will be self sufficient to run independently or
syncronously with the other module making up the 6 megawatt energy system. This
concept allows for one 3 megawatt module to be shut down for maintenance while
maintaining part of the plant output. Cost of the planned project is $7.5
million.
A rudimentary pay out time (POT) calculation based on conditions of 2008 and
using $.12 per kilowatt of electricity, 6,000 kilowatts per hour and 8,400 hours
per year yielded a POT of two years.
This project will be a template for many more future plants.
TWST: What is the significance of acquiring the PyStR Hydrogen Technology?
Mr. Ouellette: Having the PyStR process makes it possible for Energy Quest to
enter the hydrogen market at a very competative level. Having a low cost
hydrogen opens the doors to large user industries such as ammonia production,
methanol production and oil upgrading.
TWST: What are the key benchmarks Energy Quest is targeting to achieve in 2008?
Mr. Ouellette: Complete work on the PyStR process. Commence the Willow project.
TWST: When do you expect the PyStR to be in commercial production?
Mr. Ouellette: We expect to have a small commercial plant in operation within
the next six months.
TWST: In summation, why Invest in Energy Quest?
Mr. Ouellette: Energy Quest management's expertise in bio-fuels has made it a
leader in the rapidly growing bio-energy sector. EQ stands to capitalize
substantially on its superior technology to create cash flow generating
opportunities. This will lead to revenues and profits for the company. For
example, as mentioned earlier, the company has recently signed a Letter of
Intent with Willow Industries to enter into a profitable revenue generating
joint venture to convert Willow's wood waste to electrical energy.
TWST: Thank you (JF)
WILF OUELLETTE
President & CEO
Energy Quest Inc.
850 South Boulder Highway
Suite 169
Henderson, NV 89015
(702) 568-4131
(877) 568-4137 – toll free
(702) 366-0002 – FAX
www.nrgqst.com
e-mail: info@nrgqst.com
Can anybody here comment on the technology? It sounds good in theory buts does it actually work or are they years away from making it work if ever? TIA.
Energy Quest Board Approves PyStR(TM) Hydrogen Demonstration Unit
Tuesday March 11, 9:30 am ET
Company to Construct a 1 Million SCF per Day Portable Hydrogen Plant
HENDERSON, NV--(MARKET WIRE)--Mar 11, 2008 -- Energy Quest, Inc. ("EQI") (OTC BB:EQST.OB - News), an emerging leader in alternative energy and the development and production of hydrogen-enriched alternative fuels in an environmentally responsible manner, today announced the Board of Directors approved the construction of a portable PyStR(TM) Hydrogen unit for demonstration to the petroleum industry in Alberta.
In 2005 Energy Quest obtained the exclusive rights to a new innovative hydrogen generation technology referred to as the PyStR(TM) process. PyStR, pronounced "Pie Star," is an acronym derived from "Pyrolitic Steam Reforming." This process can directly produce high purity hydrogen from biomass and other carbonaceous feed-stocks such as oil sands, coal and petroleum coke. The PyStR(TM) technology involves the simultaneous pyrolysis and steam reforming of virtually any carbon-based material. It produces separate high purity streams of hydrogen (H2) and carbon dioxide (CO2) in relatively low cost stainless steel or refractory lined vessels. CO2 is captured in the process and can be used for enhanced oil recovery or many other applications where pure CO2 is required.
The technology has the potential to significantly reduce hydrogen costs to levels much lower than those of the present steam methane reforming methods. The technology can use virtually any carbonaceous material to produce hydrogen. PyStR(TM) can directly produce near pure hydrogen in a single step. PyStR(TM) does not require shift catalysts, separation membranes, oxygen separation, catalytic hot and cold shift reactors, pressure swing adsorption towers or liquefaction pressures. Hydrogen embrittlement is avoided altogether by combining pyrolysis with reforming in a direct contact, refractory lined vessel. This eliminates the greatest system maintenance cost associated with current conventional technologies. In addition, the system utilizes a very dense phase continuous closed circuit recycle regeneration loop with an advanced solids/gas separation moving bed filter, which eliminates the need for a separate solids removal system.
The PyStR(TM) process involves 3 innovative steps. In step 1, fuel and steam are fed directly into the heat sink of lime sorbent. As the solid fuel pyrolyzes, carbon monoxide and carbon dioxide immediately react with calcium oxide to form limestone while near pure hydrogen exits the reactor vessel along with some excess steam. Step 2 involves an innovative separation of solids from gases and removal of ash from the process. Step 3, or calcination, includes another innovative PyStR(TM) process wherein a small portion of product hydrogen is combusted in air resulting in almost pure nitrogen and water stream as well as a separate almost pure carbon dioxide stream produced in an indirect jetting. Below is a picture of the PyStR(TM) pilot plant and a schematic diagram describing the PyStR(TM) process.
"We are pleased to have received Board approval to construct the PyStR Hydrogen transportable demonstration unit. This will enable Energy Quest to demonstrate the PyStR process to potential clients presently using hydrogen from conventional sources. We will be able to demonstrate to the hydrogen users the significant savings that can be achieved using the PyStR low cost process," stated Wilf Ouellette, President and CEO of Energy Quest, Inc. "We expect this to open the doors to mutually beneficial opportunities with present and future hydrogen users."
About Energy Quest
Energy Quest is a diversified energy company with interests in both conventional and renewable energy sources. The company's mission is to bring to market new technologies enhancing existing energy production as well as developing new energy sources. The company intends to secure energy projects using the PyStR and M2 gasifier and the acquisition of existing profitable alternative energy companies expected to provide significant positive cash flow to the company while being an ideal location for development, demonstration, and operation of many of the company's new technologies. This is the first of many new technologies Energy Quest plans to announce and deploy over the coming months that will demonstrate that it is possible for an energy company to be both environmentally friendly and highly profitable.
Energy Quest through its subsidiaries, Syngas International Corp. and Syngas Energy Corp., is an emerging leader in the development and marketing of low-cost alternate fuels worldwide. Through superior technology, the Company is focused on becoming a GreenPowerhouse(TM). Record energy prices combined with the global focus moving rapidly towards addressing pollution, has heightened the need for sustainable, zero emission energy. Energy Quest's technology is based on clean renewable energy positioning it to benefit from global trends. http://www.nrgqst.com/
Wow. I bought some shares a while back after they hired that Rockefeller guy. Seems like they are getting quite the team together. I wonder what caused the 64% explosion on Friday?
Saving Energy at Schools
http://www.fcps.org/content/news.cfm
March 04, 2008 - Frederick County Public Schools is testing a new energy-conservation product to see how effectively it can reduce electric consumption in schools.
"So far the Power-Save 3400 Capacitor has shown promising results at the Flexible Evening High and Adult Education building in Walkersville," says FCPS energy manager Charles Dalphon, "leading us to estimate a projected 12% annual savings on electricity costs plus decreased wear and tear on electric motors, reducing equipment-replacement expenses."
FCPS will install a data monitor to verify the electric consumption savings over time.
"There is a lot of skepticism out there, as there should be when it comes to this type of product," said Bob Kleebauer at the Power-Save Energy Corporation, which donated the equipment. "We have sold thousands of units and in every case significantly reduced electricity consumption, saving the consumer hundreds and in some cases thousands of dollars a month on their electric bills."
Scott Power and Light of Pasadena, Maryland, installed the equipment in about an hour. Once installed, the device produced immediate savings, says Dalphon. At about $1,500 per unit installed, the payback is very fast, he said. If the system works as advertised, he expects FCPS will install Power Save units in all schools.