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Cobal Chile Energy Purchases Waste-to-Energy Plant From W2 Energy Inc.

Posted on: Tuesday, 22 July 2008, 12:01 CDT

W2 Energy Inc. (PINKSHEETS: WTWO) is pleased to announce that Combustibles Alternativos (Cobal) Chile has issued a purchase order for a waste-to-energy plant that will convert 80 tons of municipal waste into electricity and 70 cetane synthetic diesel. The plant will use W2 Energy's proprietary plasma and gas-to-liquid technologies.

Cobal Chile will pay $12,900,000 to W2 Energy. W2 Energy will build, install and commission the plant. The plant includes two 40 ton per day waste handling sections, two reactors which turn the municipal solid waste into syngas, two gas-to-liquid sections which convert the syngas into synthetic diesel, and a single steam turbine which converts the heat produced into electricity.

"We have been developing this project with Cobal Chile for some time," says Mike McLaren, CEO of W2 Energy. "We are excited to be moving from discussion to action. This will be the first of many projects we will do with Cobal. Keep your eyes open."

"It is great when a plan comes together, "says Jorge Reyes, Research and Development Director of Cobal Chile. "Waste-to-energy will form a big part of Cobal's future. We are thrilled to get started working on that future with W2 Energy. Things can only go up from here."

The joint venture expects to install the plant by end of 2009. The plant will produce approximately 200 barrels of synthetic diesel per day and will have a 10 MW steam turbine for electricity production.

W2 Energy and Cobal Chile have formed this joint venture to develop renewable energy sources from non-food sources.

About W2 Energy Inc.

W2 Energy is a growing, publicly traded company that develops renewable energy technologies and applies it to new generation power systems. Specifically, W2 Energy's plasma assisted biomass to energy plants utilize state of the art technologies to produce green energy both fuel (sulfur free diesel) and electricity at the most efficient cost in capital investment and production per/barrel, per/Megawatt.

About Cobal Chile

Cobal Chile S.A. is a company that uses innovation in the market of solids waste and sustainable development, proposing environmental friendly solutions with high return for investor and most important with a high quality positive impact in the environment.

Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.

 For further information, please contact:  W2 Energy LLC Info@w2energy.comwww.w2energy.com

SOURCE: W2 Energy Inc.

Source: MARKET WIRE

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