July 16, 2008
Energy Quest Comments on Alberta’s $2 Billion Investment Towards Kick-Starting a Carbon Capture and Store (CCS) Network
Energy Quest, Inc. ("EQI") (OTCBB: EQST), an emerging leader in alternative energy and the development and production of hydrogen-enriched alternative fuels in an environmentally responsible manner, today commented on the recent announcement by Alberta's Premier Ed Stelmach committing $2 billion towards kick-starting a carbon capture and store (CCS) network that is welcome news to Energy Quest, Inc.
The company is excited as it has a process that blends in perfectly with the province's new initiative because it captures CO2. The PyStR (Pyrolitic Steam Reforming) process is a new innovative process which produces low cost Hydrogen from most any carbon-based material and while doing so captures the generated carbon dioxide CO2.
The captured CO2 from the PyStR Hydrogen generator can be stored or used as food grade CO2, dry ice, enhanced oil recovery, methane production from deep coal* and other uses. *Injecting carbon dioxide into deep, unmineable coal seams where it is adsorbed to displace methane (natural gas) is another potential use or disposal strategy. Currently the economics of enhanced coal bed methane extraction are not as favorable as enhanced oil recovery, but the potential is large.
In 2005 Energy Quest obtained the exclusive rights to a new innovative hydrogen generation technology referred to as the PyStR(TM) process. PyStR, pronounced "Pie Star," is an acronym derived from "Pyrolitic Steam Reforming." This process can directly produce high purity hydrogen from biomass and other carbonaceous feed stocks such as oil sands, coal and petroleum coke. The PyStR(TM) technology involves the simultaneous pyrolysis and steam reforming of virtually any carbon-based material. It produces separate high purity streams of hydrogen (H2) and carbon dioxide (CO2) in relatively low cost stainless steel or refractory lined vessels. CO2 is captured in the process and can be used for enhanced oil recovery or many other applications where pure CO2 is required.
The technology has the potential to significantly reduce hydrogen costs to levels much lower than those of the present steam methane reforming (SMR) methods. The technology can use virtually any carbonaceous material to produce hydrogen. PyStR(TM) can directly produce near pure hydrogen in a single step. PyStR(TM) does not require shift catalysts, separation membranes, oxygen separation, catalytic hot and cold shift reactors, pressure swing adsorption towers or liquefaction pressures. Hydrogen embrittlement is avoided altogether by combining pyrolysis with reforming in a direct contact, refractory lined vessel. This eliminates the greatest system maintenance cost associated with current conventional technologies. In addition, the system utilizes a very dense phase continuous closed circuit recycle regeneration loop with an advanced solids/gas separation moving bed filter, which eliminates the need for a separate solids removal system.
The PyStR(TM) process involves 3 innovative steps. In step 1, fuel and steam are fed directly into the heat sink of lime sorbent. As the solid fuel pyrolyzes, carbon monoxide and carbon dioxide immediately react with calcium oxide to form limestone while near pure hydrogen exits the reactor vessel along with some excess steam. Step 2 involves an innovative separation of solids from gases and removal of ash from the process. Step 3, or calcination, includes another innovative PyStR(TM) process wherein a small portion of product hydrogen is combusted in air resulting in almost pure nitrogen and water stream as well as a separate almost pure carbon dioxide stream produced in an indirect jetting.
About Energy Quest
Energy Quest is a diversified energy company with interests in both conventional and renewable energy sources. Its mission is to bring new technologies to bear to enhance existing energy production as well as developing new energy sources. The immediate objective of the company is to secure energy projects using the PyStR and M2 gasifier and the acquisition of existing, profitable Alternate Energy companies. This would provide significant positive cash flow to the company while being an ideal location for development, demonstration, and operation of many of the company's new technologies. This is the first of many new technologies Energy Quest plans to announce and deploy over the coming months that will demonstrate that it is possible for an energy company to be both environmentally friendly and highly profitable.
Energy Quest through its subsidiaries, Syngas International Corp. and Syngas Energy Corp., is an emerging leader in the development and marketing of low-cost alternate fuels worldwide. Through superior technology, the Company is focused on becoming a GreenPowerhouse(TM). Record energy prices combined with the global focus moving rapidly towards addressing pollution, has heightened the need for sustainable, zero emission energy. Energy Quest's technology is based on clean renewable energy positioning it to benefit from global trends. http://www.nrgqst.com/
From time to time, the company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.
Contact: Energy Quest, Inc. Investor Relations 888-619-2221 or 404-478-9845 e-mail: [email protected]
SOURCE: Energy Quest, Inc.