Alter NRG and Air Products Sign JDA on Renewable Energy Projects



    CALGARY, Feb. 4 /CNW/ - Alter NRG Corp. (TSX: NRG; OTCQX: ANRGF) ("Alter
NRG" or the "Company") and Air Products (NYSE:   APD) today announced the
signing of a Joint Development Agreement (JDA) to pursue renewable energy
opportunities in North America and Europe. The non-exclusive agreement gives
Air Products the right to license and incorporate Alter NRG's proprietary
Westinghouse Plasma Gasification technology for use in renewable energy
projects. Air Products will initially focus on developing energy facilities
that will use various forms of renewable feedstock to generate syngas, a
mixture of hydrogen and carbon monoxide, for power, heat or steam generation.
    The agreement includes provisions for the two companies to collaborate on
the integration of Alter NRG's plasma gasification technology with the balance
of equipment, including Air Products' oxygen enrichment and syngas treatment
technology, necessary to construct renewable energy facilities.
    "We have been looking at various technologies that meet our renewable
energy technology strategy and are pleased to enter into this JDA with Alter
NRG. We believe our capabilities fit nicely with Alter NRG's and their
gasification technology meets our requirements of being both sufficiently
proven and of a scale suitable for industrial energy production. This
agreement will help Air Products move towards its objectives of providing
sustainable energy by turning renewable feedstocks into an energy generating
solution," said Kevin Murphy, director, Gasification Business Development at
Air Products.
    Mark Montemurro, President and CEO of Alter NRG comments that "having Air
Products as a strategic collaborator provides many benefits. As a Fortune 500
Company, they have the capability - both financially and operationally - to
construct commercial facilities. As a leader in industrial gases, equipment,
and engineering, they provide synergistic equipment and expertise to reduce
overall operational and construction risk. The combination of the Westinghouse
Plasma Technology with Air Products experience and operation capabilities
provides for exciting opportunities ahead."

    ABOUT ALTER NRG

    Alter NRG is pursuing alternative energy solutions to meet the growing
demand for environmentally responsible energy in world markets. The Company's
vision is to be a senior energy producer by becoming the world's leading
supplier of plasma gasification technology and developing environmentally
sustainable and economically viable gasification projects. The Company's
objective is to further commercialize the Westinghouse Plasma technology, a
wholly owned subsidiary, to provide renewable and clean energy solutions from
a wide variety of feedstocks, and providing a wide variety of energy outputs -
including hydrogen, liquid fuels like diesel, and ethanol, power, and syngas.

    ABOUT AIR PRODUCTS

    Air Products (NYSE:  APD) serves customers in industrial, energy,
technology and healthcare markets worldwide with a unique portfolio of
atmospheric gases, process and specialty gases, performance materials, and
equipment and services. Founded in 1940, Air Products has built leading
positions in key growth markets such as semiconductor materials, refinery
hydrogen, home healthcare services, natural gas liquefaction, and advanced
coatings and adhesives. The company is recognized for its innovative culture,
operational excellence and commitment to safety and the environment. Air
Products has annual revenues of over $10 billion, operations in more than 40
countries, and 21,000 employees around the globe. For more information, visit
www.airproducts.com.

    
    The Toronto Stock Exchange does not accept responsibility for the
    adequacy or accuracy of this release.
    

    Advisory Respecting Forward-Looking Statements:
    This news release contains certain forward-looking information and
statements within the meaning of applicable securities laws. The use of any of
the words "expect", "anticipate", "continue", "estimate", "objective",
"ongoing", "may", "will", "project", "should", "believe", "plans", "intends",
"confident", "might" and similar expressions are intended to identify
forward-looking information or statements. In particular, but without limiting
the foregoing, this news release contains forward-looking information and
statements pertaining to the following: the timing and amount of estimated
production; ability to finance the project, costs of production; capital
expenditures; construction time lines; currency exchange rate fluctuations;
environmental risks; unanticipated reclamation expenses; risk of obtaining
regulatory approvals; engineering and design risk; fluctuation in commodity
prices, operational challenges and other expectations, beliefs, plans, goals,
objectives, assumptions, information and statements about possible future
events, conditions, results of operations or performance. Various assumptions
were used in drawing the conclusions or making the projections contained in
the forward-looking statements throughout this news release.
    The Company cautions that the foregoing list of assumptions, risks and
uncertainties is not exhaustive. The forward-looking information and
statements contained in this news release speak only as of the date of this
news release, and the Company assumes no obligation to publicly update or
revise them to reflect new events or circumstances, except as may be required
pursuant to applicable securities laws.

    
    (xxx)  NOTE: This release may contain forward-looking statements. Actual
    results could vary materially, due to changes in current expectations.
    





For further information:

For further information: Alter NRG: Mark Montemurro, President and Chief
Executive Officer, (403) 806-3877, mmontemurro@alternrg.ca; Daniel Hay, Chief
Financial Officer, (403) 806-3881, dhay@alternrg.ca; Air Products: Media: Art
George, tel: (610) 481-1340; e-mail: georgeaf@airproducts.com; Investors:
Nelson Squires, tel: (610) 481-7461; e-mail: squirenj@airproducts.com

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Alter NRG Corp.

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