Partner EmberClear Applauds Move
CALGARY, Dec. 14 /CNW/ - EmberClear (TSXV: EMB) applauds Huaneng Power
Group (NYSE: HNP) for the formation of their new corporation called the
Clean Energy Research Institute (CERI). Dr. Shisen Xu, CTO of Huaneng
Power will be the CEO of CERI.
CERI will consolidate and control the development and direction of all
clean energy initiatives for the Huaneng Power Group, China's largest
electricity producer. Prior to Huaneng's centralization effort,
support and development of clean technology projects have been spread
across multiple entities within Huaneng. The new entity will ensure
global leadership for the highest conversion efficiencies at
competitive prices will be maintained and optimized for future
"The impressive record of creating and commercializing the technology in
China creates new global demand from countries, utilities, and
consumers sensitive to climate change," stated Albert Lin, CEO of
EmberClear. "We congratulate Huaneng Power for taking such an important
step to ensure the global market for the CERI technology will be more
easily developed and supported."
The new structure will provide improved levels of response and
accountability for clients and future customers: those looking to
utilize the myriad technologies available for converting coal - and
other fossil fuels - into better forms of energy or chemical compounds.
Specifically, CERI will consolidate all thermal chemistry technologies
developed over the last several decades by various Huaneng divisions.
The formation of CERI reflects the increasing dedication and focus on
clean energy technologies such as gasification, ultra supercritical
(USC) combustion, supercritical (SC) combustion, circulating fluidized
bed (CFB), post combustion carbon dioxide handling, and other related
Most recently, these technologies have been implemented in highly
visible projects like the near-zero emissions coal-based power plant in
Tianjin, China called GreenGen. Additionally, EmberClear's Good Spring
IGCC plant in Pennsylvania is designed to use gasification technology
EmberClear develops energy projects around the world and intends to
acquire Future Ventures of Houston, Texas USA. Future Ventures' wholly
owned subsidiary, Future Fuels LLC, is the joint venture partner with
EmberClear in Future Power PA Inc. (FPPI). The combined entities will
develop advanced carbon based gasification projects using various
technologies in thermal chemistry acquired by exclusive and
non-exclusive licenses. The combined entities will hold options to
lease land, options to access coal reserves, technology licenses and
other project related assets. An information circular has been mailed
for a special shareholder meeting on December 17, 2010. For more
information please visit www.emberclear.com.
About Huaneng Power Group
Huaneng Power Group is the largest power utility in China and formed
after China Power was changed from a single state run organization into
five power generation companies. With over 120 GW of generation assets,
Huaneng Power Group aims to be a leader in the development and
deployment of economically and ecologically sound energy solutions.
Safe Harbour for Forward-Looking Statements
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 proposal to acquire Future Ventures
LLC, the performance characteristics of the IGCC technology and the
performance characteristics of other plants using IGCC technology, and
EmberClear intends that such forward-looking statements be subject to
the safe harbour created thereby. Forward-looking statements are
subject to numerous assumptions and risks and should not be unduly
relied upon as EmberClear can provide no assurance that the
expectations contained in such forward-looking statements will
materialize as anticipated or at all. Such assumptions and risks
include the potential failure of the Good Spring IGCC and/or the IGCC
technology to perform as anticipated. 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. EmberClear does 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.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
SOURCE EMBERCLEAR INC.
For further information: For further information:
David G. Anderson