Saturday, March 16, 2013 12:05:58 AM
Check out the who is who in who MVTG hired!!!!
http://www.noram-eng.com/news-room/news-room.html
http://www.noram-eng.com/groups/electrochemical-group-overview.html
This is getting real folks!!! Not a BS penny scam, real issued patents, real technology, and about to have a million dollar plant up and running!!! The stock is still dirt cheap!!!
NEWS:
VANCOUVER, BRITISH COLUMBIA, Mar 12, 2013 () -- Mantra
Energy Alternatives Ltd., a wholly owned subsidiary of Mantra Venture Group
(OTCBB:MVTG)(BERLIN:5MV), announced today that engineering design has begun on
its innovative "electro-reduction of carbon dioxide" (ERC) pilot plant. An
engineering agreement with NORAM's wholly owned subsidiary BC Research Inc. has
mapped out a three-stage process of design and construction that will see the
pilot plant erected at the site of the Lafarge Canada Inc. cement plant in
Richmond, British Columbia, later this year.
A game changing "carbon capture and utilization" (CCU) technology, ERC offers
the ability to transform waste carbon dioxide, a notorious greenhouse gas, into
valuable products through an electrochemical reactor. CCU is increasingly being
recognized as a vital component in the battle against climate change.
"With a global reputation for innovation and excellence, we are confident that
NORAM will be able to share unparalleled experience and knowledge to ensure that
this disruptive technology is delivered successfully," says Mantra President and
CEO Larry Kristof. "The Lafarge pilot project will demonstrate the capabilities
of ERC in the field, and will put us in a position to begin commercializing the
technology."
NORAM Director of Business Development, Dr Ira Wolff, welcomed the opportunity
to work with Mantra, saying: "British Columbia is in the happy position of
having a wealth of promising clean-tech companies, that deserve support to get
their technologies to market. BCRI is a nexus for providing engineering,
laboratory, fabrication, and pilot plant support - all requisites for small
process companies on the road to a commercial-scale demonstration. Strong
collaboration can only benefit this promising new technology from Mantra."
About NORAM:
NORAM develops, engineers, and commercializes technologies for the process and
resource industries. Since 1988, Noram has built a global reputation for
innovation and excellence in the supply of proprietary engineering and equipment
packages to the chemical, pulp and paper, minerals processing and
electrochemical sectors. Their six specialized business groups have completed
capital projects on five continents. NORAM is recognized worldwide as a leader
in the fields of nitration, sulfuric acid and electrochemistry.
In addition to carrying out large assignments for major multi-national clients
and municipalities, NORAM works with early-stage technology companies. They
provide engineering design and fabrication support, sharing NORAM's experience
in technology commercialization, and growing with the company as a strategic
stakeholder.
About ERC:
The ERC process, defined as the Electrochemical Reduction of Carbon dioxide,
combines captured carbon dioxide with water to produce high value materials,
such as formic acid and formate salts, which are conventionally obtained from
the thermo chemical processing of fossil fuels. However, ERC has an advantage
over the established thermo chemical methods for converting carbon dioxide to
liquid fuels.
While thermo chemical reactions must be driven at relatively high temperatures
that are normally obtained by burning fossil fuels, ERC operates at near ambient
conditions and is driven by electric energy that can be taken from an electric
power grid supplied by hydro, wind, solar or nuclear energy.
About Mantra Energy Alternatives:
Mantra Energy Alternatives Ltd. is a subsidiary of Mantra Venture Group Ltd. Its
mission is to become the world leader in production of high value, carbon
negative chemicals and fuels. Mantra's ERC system will reduce the problem
greenhouse gas CO2 and convert it into a series of valuable chemicals, a form of
carbon capture and recycling (CCR). There are currently 27 billion metric tons
of CO2 emitted annually from fossil fuel combustion, providing an inexhaustible
supply of feedstock. The first product is formic acid (HCOOH), which commands a
market of approximately USD $1 billion.
Mantra is a public company quoted on the OTC QB under the symbol MVTG and on the
Berlin Stock Exchange under the symbol 5MV.
Stay up to date with Mantra on Twitter: http://www.twitter.com/mantraenergy
For more information go to: http://www.mantraventuregroup.com
Forward-Looking Statements: Except for the historical information contained
herein, the matters discussed in this press release are forward-looking
statements. Actual results may differ materially from those described in
forward-looking statements and are subject to risks and uncertainties. See
Mantra Venture Group's filings with the Securities and Exchange Commission which
identify specific factors that may cause actual results or events to differ
materially from those described in the forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT: Mantra Venture Group Ltd. John Williams
Investor Relations (604) 495-1766 (Canada) or (502) 214-5932 (USA)
mantraenergy@aberdeencap.com
Mantra Venture Group Ltd. Company Contact (604) 560-1503 info@mantraenergy.com
www.mantraventuregroup.com
SOURCE: Mantra Venture Group Ltd.
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