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Alter NRG announces commissioning of biomass gasifier at waste to liquids facility in China

January 29, 2013

TSX – NRG
OTCQX – ANRGF

CALGARY, Jan. 29, 2013 /PRNewswire/ – (TSX: NRG; OTCQX: ANRGF) Alter NRG Corp.
(“Alter NRG” or the “Company”) is pleased to announce that Wuhan Kaidi
(“Kaidi”), which purchased a Westinghouse Plasma gasifier design, and
plasma torch systems, from Alter NRG in 2010, has successfully
completed the commissioning of the unit at its demonstration facility
in Wuhan, China.  Westinghouse Plasma is a wholly-owned subsidiary of
Alter NRG that license and sells the Westinghouse Plasma technology
solutions worldwide.

The Westinghouse plasma gasification unit is designed to take
approximately 100 tons per day of biomass waste and convert it into
clean syngas. The clean syngas is then to be converted into diesel fuel
and other transportation fuels at the Kaidi facility.  The
demonstration facility is the first instance of a broader business plan
being implemented by Kaidi to convert waste biomass in central China
into clean, renewable energy utilizing the Westinghouse Plasma
technology.  Under the contract, Alter NRG has access to operational
data from the Kaidi facility.

Walter Howard, CEO of Alter NRG added that “This is a significant
reference plant that shows how our Westinghouse Plasma conversion
technology has the ability to take a societal problem of waste products
and convert it into useful renewable energy.  China is a large market
with aggressive mandates for renewable energy and we are excited by the
interest in the region for waste-to-energy technology and the foothold
we now have in the China market with Kaidi.”

Kaidi has a stated mandate to be “Devoted to environmental protection
for the benefit of humanity” and with over 1 billion USD of annual
sales they are a leading green energy company in China. Kaidi is a
publicly traded company in China with a long history of successfully
working with Western Companies.

ABOUT ALTER NRG

Alter NRG provides alternative energy solutions to meet the growing
demand for environmentally responsible and economically viable energy
in world markets. Alter NRG’s primary objective is to further
commercialize the Westinghouse Plasma Gasification Technology, through
its wholly owned subsidiary, to provide renewable and clean energy
solutions from a wide variety of feedstocks, and provide a wide variety
of energy outputs – including liquid fuels like ethanol and diesel,
electrical power, and syngas.

The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this release.

Advisory Respecting Forward-Looking Statements:
This news release contains certain “forward-looking information and
statements” within the meaning of applicable securities laws.  The use
of any of the words “expect”, “anticipate”, “continue”, “estimate”,
“objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”,
“plans”, “intends”, “confident”, “might” and similar expressions are
intended to identify forward-looking information or statements.  In
particular, this new release contains forward looking statements
pertaining to capital expenditures, schedules and commencement of
operations of existing projects and projects under development;
availability of project financing; timing of sales; industry trends;
factors influencing capital investments and development activities; the
Corporation’s reputation and market position within the industries in
which it operates and the Corporation’s strategy and competitive
advantages.

Forward-looking statements require management to make estimates and
assumptions with respect to the outcome of future events. These
estimates and assumptions could, in the future, turn out to be
inaccurate and materially affect the final outcome. The significant
estimates and assumptions within the Corporation’s forward looking
statements include: availability and cost of key materials and labor
and availability of funds with respect to the amount of capital
expenditures and scheduled commencement of operations; timing of
regulatory approval including various permits from federal, provincial,
and local authorities; the assessment of capital markets including the
availability of debt and equity in current market conditions; commodity
prices for electricity, natural gas, coal and other resources that
impact the Corporation’s operations directly and indirectly; extent of
investment by government authorities in infrastructure projects; the
financial and operational health of key partners in various projects;
the continued development of the Corporation’s technology and its use
in various applications, as well as those factors discussed in or
referred to under the heading “Risk Factors” in the Company’s Annual
Information Form dated March, 2012 available at www.sedar.com.. Such information and statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or events
to differ materially from those anticipated in such forward-looking
information or statements.

The Corporation cautions that the foregoing list of assumptions, risks
and uncertainties is not exhaustive. The forward-looking information
and statements contained in this news release speak only as of the date
of this news release, and the Corporation assumes no obligation to
publicly update or revise them to reflect new events or circumstances,
except as may be required pursuant to applicable securities laws.

SOURCE Alter NRG Corp.


Source: PR Newswire