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
"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.
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.
© 2013 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