Navigation Links
Air Products and Alter NRG Sign JDA on Renewable Energy Projects
Date:2/4/2009

LEHIGH VALLEY, Pa., Feb. 4 /PRNewswire-FirstCall/ -- Air Products (NYSE: APD) and Alter NRG Corp. (TSX: NRG) today announced the signing of a Joint Development Agreement (JDA) to pursue renewable energy opportunities in North America and Europe. The non-exclusive agreement gives Air Products the right to license and incorporate Alter NRG's proprietary Westinghouse Plasma Gasification technology for use in renewable energy projects. Air Products will initially focus on developing energy facilities that will use various forms of renewable feedstock to generate syngas, a mixture of hydrogen and carbon monoxide, for power, heat or steam generation.

The agreement includes provisions for the two companies to collaborate on the integration of Alter NRG's plasma gasification technology with the balance of equipment, including Air Products' oxygen enrichment and syngas treatment technology, necessary to construct renewable energy facilities.

"We have been looking at various technologies that meet our renewable energy technology strategy and are pleased to enter into this JDA with Alter NRG. We believe our capabilities fit nicely with Alter NRG's and their gasification technology meets our requirements of being both sufficiently proven and of a scale suitable for industrial energy production. This agreement will help Air Products move towards its objective of providing sustainable energy by turning renewable feedstock into an energy generating solution," said Kevin Murphy, director, Gasification Business Development at Air Products.

Mark Montemurro, President and CEO of Alter NRG comments that, "Having Air Products as a strategic collaborator provides many benefits. As a Fortune 500 Company, they have the capability - both financially and operationally - to construct commercial facilities. As a leader in industrial gases, equipment, and engineering, they provide synergistic equipment and expertise to reduce overall operational and construction risk. The combination of the Westinghouse Plasma Technology with Air Products experience and operation capabilities provides for exciting opportunities ahead."

About Air Products

Air Products (NYSE: APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. Air Products has annual revenues of over $10 billion, operations in more than 40 countries, and 21,000 employees around the globe. For more information, visit www.airproducts.com.

About Alter NRG

Alter NRG is pursuing alternative energy solutions to meet the growing demand for environmentally responsible energy in world markets. The Company's vision is to be a senior energy producer by becoming the world's leading supplier of plasma gasification technology and developing environmentally sustainable and economically viable gasification projects. The Company's objective is to further commercialize the Westinghouse Plasma technology, a wholly owned subsidiary, to provide renewable and clean energy solutions from a wide variety of feedstock, and providing a wide variety of energy outputs - including hydrogen, liquid fuels like diesel, and ethanol, power, and syngas.

***NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.

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, but without limiting the foregoing, this news release contains forward-looking information and statements pertaining to the following: the timing and amount of estimated production; ability to finance the project, costs of production; capital expenditures; construction time lines; currency exchange rate fluctuations; environmental risks; unanticipated reclamation expenses; risk of obtaining regulatory approvals; engineering and design risk; fluctuation in commodity prices, operational challenges and other expectations, beliefs, plans, goals, objectives, assumptions, information and statements about possible future events, conditions, results of operations or performance. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release.

The Company 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 Company 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 Air Products
Copyright©2009 PR Newswire.
All rights reserved

Related biology technology :

1. While Most Companies and Industries Struggled in 2008, LifeModeler, Inc. Used Unique Products to Post Aggressive Business Gains in All Areas
2. Polymer Science Releases New Silicone Gel Adhesive Products for MD&M West
3. Cancer Advances Acquires the Intellectual Property for a Suite of Products that Enhance the Immune System in Treatment of Gastric, Pancreatic, and Colorectal Cancers
4. The EntreTech Forum Presents... Greening Of America - The Conversion of Bio-Agriculture, Bio-Energy, and Bio-Products to Eco-Sustainable Businesses
5. ETHEX Corporation Issues Nationwide Voluntary Recall of Products
6. Ther-Rx Corporation Issues Nationwide Voluntary Recall of Products
7. China-Biotics, Inc. Receives Manufacturing Certificate for New Products
8. China Biologic Products Enters into Short-Term Loan Agreement
9. Innovative Beverage Products Launches New Product Designed to Enhance the Bodys Immune Defense
10. Organic, Preservative-Free Skin Care Products from Dermaheal Now Available in the United States
11. Microbia PE Bolsters Senior Management Team; Positions Company for Commercializing Proprietary Bioproducts
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/13/2017)... ... July 13, 2017 , ... Thousands of pilots from across the country ... Aeromodeling Championships (Nats). Pilots come to Muncie to compete in various categories of model ... teams that participate in world championships. , RC Pylon (July 14-21): One of the ...
(Date:7/13/2017)... ... July 13, 2017 , ... In’Tech Medical SAS ( http://www.intech-medical.com ... the completion of a major transaction with Eurazeo PME. The reputable French private ... alliance fuels In’Tech Medical’s service offerings while leveraging the company’s manufacturing expertise and ...
(Date:7/13/2017)... ... July 13, 2017 , ... ... (FITCI), has experienced robust growth in the past year after an intensive restructuring. ... several Entrepreneurial Acceleration Programs and expanded its board of directors to revitalize the ...
(Date:7/13/2017)... (PRWEB) , ... July 13, 2017 , ... ... kits, trays, and disposable and reusable medical supplies has chosen The Copley Consulting ... significant growth, Trinity Sterile seeks to align its internal and backend operations to ...
Breaking Biology Technology:
(Date:3/30/2017)... The research team of The Hong Kong Polytechnic University ... adopting ground breaking 3D fingerprint minutiae recovery and matching technology, pushing ... for use in identification, crime investigation, immigration control, security of access ... ... A research team led by Dr Ajay ...
(Date:3/24/2017)... MILAN , March 24, 2017 The Controller ... Deputy Controller Mr. Abdulla Algeen have received the prestigious international ... Continue Reading ... ... small picture) and Deputy Controller Abdulla Algeen (small picture on the right) ...
(Date:3/22/2017)... YORK , March 21, 2017 ... Marketing Cloud used by retailers such as 1-800-Flowers ... its platform — Product Recommendations and Replenishment. Using Optimove,s ... give more personalized product and replenishment recommendations to ... but also on predictions of customer intent drawn ...
Breaking Biology News(10 mins):