Biothermica Wins International Clean Technology Award
MONTREAL and SAVANNAH, GA, Nov. 13, 2012 /PRNewswire/ – Biothermica, a
leading clean technology company, is proud to announce it has won the
Clean Technology Later Stage award delivered by the Global Cleantech
Cluster Association (GCCA). The award was received yesterday at the
Savannah International Clean Energy Conference, in Georgia.
The GCCA rewards leading companies in the high-growth field of clean
technology and renewable energy. This year, ten companies were finally
selected among a record 200 nominations.
Biothermica was rewarded for its active engagement, since 1987, in the
destruction and utilization of methane emitted by landfills and
underground coal mines. The company is notably responsible for the
development, financing and implementation of the largest landfill gas
power plant in Canada. Since 1996, the Gazmont power plant has
generated more than 2 billion kWh of green electricity and reduced
greenhouse gas (GHG) emissions by more than 11 million tons of CO2
equivalent (tCO(2)e), namely 700,000 tCO2e per year, the same as removing 150,000 cars
from the road.
Biothermica also developed, financed and implemented the first coal mine
ventilation air methane (VAM) destruction project at an active
underground mine in North America. Based on the company’s proprietary
VAMOX(®) technology, this project has been operational since March 2009 at a
Walter Energy mine in Alabama, USA, and is registered with the rigorous
Climate Action Reserve (CAR) carbon standard. Over its first 3.5 years
of operation, the project has reduced GHG emissions by more than 80,000
tons of CO(2) equivalent (tCO(2)e).
« We are honored to have been selected by the GCCA, and would also like
to thank Ã‰cotech Quebec, the Quebec clean technology cluster, for
supporting our nomination», said Guy Drouin, President of Biothermica.
« This award recognizes our long-time involvement in methane
destruction and utilization, as well as the importance of tackling
these emissions on a global basis».
Looking forward, Biothermica will continue to invest in projects
dedicated to extracting value from landfill gas and coal mine methane.
Based on the success of its VAMOX® technology in Alabama, Biothermica
has partnered with Walter Energy to develop VAM oxidation projects at
all of the company’s current and future suitable ventilation shafts.
The first project under the agreement is planned to be operational in
late 2013, reducing GHG emissions by some 400,000 tCO(2)e per year. Ultimately, the implementation of the entire pipeline of
projects is expected to reduce emissions by approximately 3 million tCO(2)e per year.
« Biothermica’s innovative technologies and projects are a clear
illustration of the contribution of the clean technology industry to
Quebec’s sustainable development and the future cap-and-trade carbon
market, which will be linked with California through the Western
Climate Initiative» said Denis Leclerc, President and CEO of Ã‰cotech
QuÃ©bec. « We are proud of this leading Quebec company, as it represents
a model for several entrepreneurs which are building Quebec’s green
Methane is the second most important GHG and is 25 times more potent
than CO(2) over a 100 year period. Coal mine methane and landfill gas emissions
combined account for 17% of global methane emissions, namely 1,170
million tCO(2)e per year.
Founded in 1987, Biothermica is a leader in the development, financing,
building and operation of projects which capture and destroy methane
emitted by landfill sites and underground coal mines. As a fully
integrated project developer, the company also monetizes the energy and
carbon offset credits generated by its projects on the national and
international markets. Biothermica has completed carbon and energy
projects in North and Central America. For more information about
Biothermica, visit www.biothermica.com
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considered in the context of the circumstances prevailing at that time
and is only correct as of that date. The information can contain
forward looking statements that are subject to known and unknown risks
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from those expressed or implied by such statements.
SOURCE Biothermica Technologies Inc.