Obama Administration Highlights Company's Partnership with China's
Clean Energy Research Institute
WASHINGTON, DC and CALGARY, Jan. 20 /CNW/ - As Chinese President Hu
meets with President Obama and tours the United States this week, the
White House released a statement which highlights EmberClear's (TSXV:
EMB) recent agreement with China's largest electricity producer,
Huaneng Power Group's (NYSE: HNP) new corporation called the Clean
Energy Research Institute (CERI).
Stating that "…exports [to China] are generating jobs in every corner of
the United States and across every major sector," the White House press
release notes how EmberClear recently signed an exclusive license with
Huaneng's CERI to become a global licensing and development partner.
"We're pleased that our groundbreaking clean energy agreement with
China's largest utility company has been recognized as such by the
White House and the Obama Administration," said Albert Lin, CEO of
EmberClear. "It's a perfect example of how US companies can work with
China and create jobs here in America and around the world."
Currently, EmberClear and CERI's first joint project is a 270 Megawatt
IGCC (gasification technology) power plant in Good Spring,
Pennsylvania, which recently had all of its relevant permits approved.
The exact language of the release follows:
EmberClear and CERI Licensing Agreement: EmberClear (Calgary, Alberta
Canada), with offices in Houston, TX, signed an exclusive license with
Clean Energy Research Institute (CERI), a clean energy technology
subsidiary of Huaneng Power Group of China, to become a global
licensing and development partner. EmberClear will provide engineering
and project development services for economic and efficient clean
fossil energy solutions and scientific consulting services in
international projects. EmberClear and CERI highlighted the first
project of this partnership, a 270 Megawatt IGCC power plant in
Pennsylvania that recently received all relevant permits.
"Our agreement with Huaneng reflects the world's increased dedication
and focus on clean energy technologies such as gasification and other
related processes," Lin said. "The impressive technology record of
achievement in China has created new global demand for clean technology
from countries, utilities, and consumers sensitive to climate change."
The complete White House press release is available here.
EmberClear Corp. ("EmberClear") is a clean energy technology company
developing energy projects around the world. EmberClear will provide
engineering and project development services for economic and efficient
clean fossil energy solutions and scientific consulting services for
international projects. EmberClear projects will utilize advanced
carbon based gasification technology acquired through exclusive and
non-exclusive licenses. EmberClear also holds title to real estate and
coal deposits. EmberClear intends to utilize additional technology
licenses as needed to fully develop commercial scale energy projects.
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 the "safe harbour" provisions 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 the Good Spring IGCC project, the receipt of relevant
permits and the global demand for clean technology. With respect to
forward-looking statements contained in this document, we have made
assumptions regarding the demand and political support for clean energy
technologies. 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. 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.
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© 2011 EmberClear Corp. All rights reserved.
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SOURCE EmberClear Corp.
For further information:
David G. Anderson
+1 (403) 264-8817