EmberClear Completes Technical Feasibility Study for a Natural Gas to Liquids Project in Natchez, MS
CALGARY, Feb. 19, 2013 /CNW/ - EmberClear Corp. (TSXV: EMB) ("EmberClear" or the "Company") is pleased to announce its subsidiary, EmberClear GTL MS Inc. ("EmberClear GTL"), has completed the technical feasibility study for a natural gas to liquids project (the "Project") in Natchez, Mississippi. It is anticipated that if the Project proceeds it will be capable of producing 4,000 tons of methanol per day or 14,000 barrels of gasoline per day.
Abundant natural gas supplies in North America can produce high value transportation fuels using proven technologies. This Project's proximity to competitively priced sources of natural gas and the Gulf Coast petrochemical complex creates the potential for attractive pricing, efficient access to markets and multiple modes of transportation.
"It is our intent to take advantage of the recently available long-term natural gas contracts and address the desire for more domestic energy. The USA may continue to import oil for decades but facilities like ours could potentially reduce such imports while providing lower cost energy," stated Nick Cohen, Chief Operating Officer.
EmberClear has access to an 800-acre site along the Mississippi River. "This site is served by American Midstream's Midla pipeline system that intersects three interstate gas pipelines providing us with the option to source gas from virtually anywhere in Texas and Louisiana, as well as parts of Oklahoma," added Cohen. "The site also provides access to the power grid, the Natchez Port facility, a statewide rail system, and a 40 million gallon per day water treatment facility operated by the City of Natchez.
The previously announced Swatara property in northeastern Pennsylvania is also being evaluated for a natural gas to liquids project. This site is in close proximity to existing natural gas production from the Marcellus Shale region, rail-to-port access and a gasoline pipeline that connects to a distribution center in the region.
EmberClear is also the developer of two 300 MW natural gas combined cycle ("NGCC") power projects, located in Good Spring, Pennsylvania. The plants are intended to serve the USA's largest electric power market, the PJM. The Company has completed all major milestones related to Good Spring NGCC 1 and is currently evaluating proposals for construction financing. Construction is expected to proceed in the fourth quarter of 2013. EmberClear continues to work on securing the necessary permits for Good Spring NGCC 2.
EmberClear is a global energy development company specializing in low-emission, commercial scale energy projects. The Company is primarily focussed on natural gas in the United States as an input to create electricity, industrial chemicals and transportation fuels. We utilize our proven expertise in permitting, site-control, and engineering feasibility to create turnkey projects with contracted returns suitable for long-term owners and operators of long-life capital assets. EmberClear's shares are listed on the TSX Venture Exchange under the trading symbol "EMB".
For more information please visit www.emberclear.com.
Forward-Looking Statement Disclaimer
Certain statements contained in this document constitute forward-looking statements or information (collectively "forward-looking statements") within the meaning of applicable securities legislation. Forward-looking statements are typically identified by words such as "anticipate", "continue", "estimate", "expect", "forecast", "may", "will", "project", "could", "plan", "intend", "should", "believe", "outlook", "potential", "target", "seek", "budget", "predict", "might" and similar words suggesting future events or future performance. All statements other than statements of historical fact may be forward-looking statements. In particular, this document contains forward-looking statements pertaining to, without limitation, the following: statements about the gas to liquids ("GTL") production rates; our intention and ability to finance, construct and secure long term off-take contracts for methanol, gasoline or power and gas supply for GTL or natural gas combined cycle ("NGCC") plants or other energy projects on the property which would economically create liquids or power from natural gas; to obtain and maintain permits; to build state of the art liquids or power facilities; access to markets; and demand for energy and transportation fuels. With respect to forward-looking statements contained in this document, we have made assumptions regarding, among other things, the following: the economic viability of a GTL project, the suitability of these site for GTL projects, access to natural gas, power, rail and water treatment facilities, the economic viability of a NGCC project, natural gas pricing; favourable market conditions for natural gas power plants; positive trends in capital markets for natural gas projects; stable investment conditions in North America; maximizing value of the natural gas project for shareholders; the benefit of site proximity to natural gas supply, pricing and access to markets; attracting appropriate financial participants; and the timing of construction. Although we believe that the expectations reflected in the forward-looking statements contained in this document, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause our actual performance and financial results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, the following: the possibility that the property will not prove to be suitable for a gas to liquids project or that EmberClear will not have the financial or other resources to develop, construct or operate a GTL, NGCC or other project; the possibility that EmberClear will not be able to take advantage of the market trends such as the availability and price of natural gas, gasoline, methanol and electricity pricing. Readers are cautioned that this list of risk factors should not be construed as exhaustive. The forward-looking statements contained in this document speak only as of the date of this document. Except as expressly required by applicable securities laws, we do not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
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SOURCE: EmberClear Corp.For further information:
David G. Anderson
+1 (403) 264-8817