Historic Signing Could Lead to More Than 1,000 U.S. Jobs
WASHINGTON, DC, Feb. 14, 2012 /CNW/ - EmberClear Corp. (TSXV: EMB)
("EmberClear") signed a historic energy agreement with China's Huaneng
Clean Energy Research Institute ("HCERI") on Monday.
The agreement, a technology license, enables EmberClear to develop a new
low-emissions plant producing gasoline or diesel fuel from coal in the
United States. The project could create approximately 1,000 jobs in the
U.S. and obtaining a technology license achieves a required milestone
for such a facility to be built.
The United States Chamber of Commerce hosted officials from the Ministry
of Commerce People's Republic of China and the U.S. Department of
Commerce to witness the signing in Washington D.C.
"The White House and the Chinese government both see the immense value
of EmberClear's agreement with HCERI, not only in terms of the jobs it
will help support, but more importantly, it is the cleaner energy we'll
be able to provide to Americans in addition to the improved energy
security," said Albert Lin, CEO of EmberClear.
The plant is intended to generate gasoline or diesel transportation fuel
for sale in the United States. The use of this new advanced
thermal-chemistry technology allows the production of such fuels with
lower emissions than traditional refineries using crude oil.
"This partnership is a strong example of how American energy companies
can work with Chinese partners to provide new lower emission energy
solutions while simultaneously creating jobs here in America," Lin
said. "The impressive track record of Chinese investment and technical
achievement in this field has given rise to a surge of global demand
for this type of clean energy technology from other countries,
utilities, and consumers sensitive to climate change."
China and the U.S. have some of the world's largest coal reserves and
both governments are seeking energy independence solutions. These
countries have tremendous technologies for making coal a far better -
and cleaner - energy source.
"The world is primed to take advantage of China's investments and
deployments of technologies converting coal to all sorts of energy
sources with far lower emissions," Lin said. "In particular, making
electric power and gasoline. Both will create thousands of construction
jobs and bring in billions of dollars to the region where our plant
will operate for many years."
Photos of the signing are available here.
EmberClear is an advanced energy development company. Based on global
energy needs from a growing population, our solutions are designed to
deploy commercial scale energy technologies, which enable dramatic
improvements in the efficiency and cleanliness of fossil fuels and
alternative energy sources. Our goal is to find economically viable
business models with the potential to deliver reduced emissions of over
50% when compared to industry average results in the utilization of
coal while also deploying state of the art carbon dioxide capture
Our expertise is being utilized by a diverse group of governments,
utilities and industrial companies spanning a wide range of geographies
with the common interest in creating gasification, supercritical (SC),
ultra-supercritical (USC), circulating fluidized bed (CFB) and
post-combustion carbon dioxide capture (PCC) energy solutions producing
electricity, synthetic gas, liquid fuels, fertilizers, and industrial
construction products. Our solutions often include the vast thermal
chemistry sciences and processes developed by Huaneng Clean Energy
Research Institute (HCERI). HCERI has the most experience and resources
devoted to this industry. Our partnership ensures advanced energy
solutions are financially sustainable so that the benefits accrue to
the global marketplace and not just a few special projects.
For more information, please visit www.emberclear.com.
About Huaneng Clean Technology Energy Research Institute
The world-renowned Huaneng Clean Energy Research Institute (HCERI) has
developed patented gasification technology being used in gasification
facilities in China with large projects under construction in Inner
Mongolia and Tianjin, China. It is affiliated with Huaneng Power Group
(NYSE: HNP), the largest power utility in China.
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 our intention and ability to construct and
operate a Coal to Liquid Fuel Energy plants, petrochemical or other
energy projects which would economically create fuels from coal with
lower emissions than refining crude oil. 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 Coal to Gasoline plant or other projects, the benefits
of the collaboration for petrochemical or other project, the emissions
generated from a coal-to-gasoline plant, energy needs, the creation of
jobs associated with this coal to liquid fuel project, and the ability
to generate gasoline or diesel transportation fuel for sale in the US.
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 EmberClear will not have the financial or other
resources to develop, construct or operate such plant or other project,
the failure of the HCERI technology to function as anticipated, and the
inability of the Company to obtain all necessary regulatory and other
third party approvals to develop Project or any other projects. 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
© 2012 EmberClear Corp.
All rights reserved. All other trademarks are the property of their
SOURCE EmberClear Corp.
For further information:
David G. Anderson
+1 (403) 264-8817