Edmonton Company Signs $2.2 Billion Joint Venture Agreement with Chinese Corporation

Fulcrum Environmental Solutions' TiPs™ Technology to Reduce GHG Emissions in China

EDMONTON, June 2, 2015 /CNW/ - Fulcrum Environmental Solutions Inc. (Fulcrum), a private Canadian CleanTech company, today announced that it has signed an exclusive agreement with DGF Shandong Industries Corporation, a China  Corporation, to deploy, over the next five years, Fulcrum's proprietary TiPs™ technology as part of a new clean-coal thermal steam power facility which will provide industrial steam power, electricity and steam heat for users within the Ningyang Economic Development Zone, Tai'an, Shandong Province, China.

Lyle Ewanchuk, CEO Fulcrum Environmental Solutions describes the agreement as "a symbiotic relationship in which all parties bring something different, something valuable to the table. I believe we will collaborate really well together, achieving breakthrough results."

The current design of the facility is for two – 50 megawatt electrical generating sets and three – 220 ton steam boilers which, with the TiPs technology, will result in a significant reduction in toxic emissions. This remarkable result is achieved without the use of catalysts or excessive heating and has very little environmental impact; making it the perfect solution to overcoming the environmental challenges presented by coal generated energy production. The process will further result in the production of high value off take products which are highly profitable.

Bin Hong, President of DGF Shandong Industries Corporation, a China Corporation explains, "As power producers in China we are pleased with the opportunity of adding the Fulcrum TiPs™ Technology to our new thermal plant in Shandong Province. Our new plant will be the first clean coal thermal power generating facility in China and it represents our commitment to address the environmental challenges facing the power generation industry today."

Ewanchuk is proud of the fact that TiPs technology facilitates sustainable environmental stewardship, explaining, "most of the time, green technology and profitability do not go together - that has been the struggle behind development and adoption of green technologies around the world. With TiPs, all that is about to change."

Fulcrum Environmental is a private Canadian CleanTech company, established in 2011 when the founders acquired the global Intellectual Property (IP) rights to a revolutionary green technology proven effective at converting various hydrocarbon-rich resource and waste materials into valuable refined products. The company has since integrated that technology into an engineered solution: TiPs™. With a proven technology and a large–scale commercial application, Fulcrum Environmental is now entering global markets; offering companies and governments an opportunity to deploy a green solution that is both technologically sound and highly profitable.


SOURCE Fulcrum Environmental Solutions Inc

Image with caption: "TiPs™? converts low-rank coal into clean energy (CNW Group/Fulcrum Environmental Solutions Inc)". Image available at: https://photos.newswire.ca/images/download/20150602_C6462_PHOTO_EN_17115.jpg

For further information: www.fulcrumenvironmental.com; Fulcrum Environmental Solutions CEO, Lyle Ewanchuk +1-780-454-7578 lyle@fulcrumenvironmental.com; Fulcrum Environmental Solutions President, David Meunier +1-780-454-7578 david@fulcrumenvironmental.com


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