DES PLAINES, Ill., Feb. 24, 2011 /PRNewswire/ -- Envergent Technologies LLC, a Honeywell (NYSE: HON) company, announced today that its technology will be used by Crane & Co. to convert biomass feedstock into a renewable oil to heat and power the Crane Mass. facility where it produces paper used for U.S. currency.
Envergent's RTP® technology will convert local forest residue into a clean-burning, nearly carbon-neutral liquid biofuel that can be used as a direct replacement for petroleum-based fuel in today's burners and generators.
Use of the technology will help Crane, which has been the provider of currency paper to the U.S. Treasury for more than 130 years, stabilize energy costs and remain a competitive supplier to the U.S. government. Once approved, the project has the potential to bring nearly 100 new, green jobs to the region.
"For more than two centuries, Crane & Co. has worked to innovate at the highest level while keeping our environmental impact at a minimum," said Charles Kittredge, CEO of Crane & Co. "With the addition of this technology from Envergent and the participation of ReEnergy Holdings and Berkshire Renewable Power, we can better fulfill this promise with a reliable, sustainable fuel source that keeps us competitive in the marketplace, delivers a superior-quality product to our customers and stimulates our local economy."
"To have one of the oldest and most important companies in American history take such a leading position by using renewable oil from RTP for its energy needs speaks to the incredible benefits this technology provides," said David Cepla, managing director for Envergent Technologies. "The success of Crane & Co. and its local partners with RTP will serve as an excellent model for other businesses across the nation and around the world."
In addition to Envergent Technologies, Crane & Co. is working with Berkshire Renewable Power and ReEnergy Holdi
|SOURCE Envergent Technologies LLC, a Honeywell company|
Copyright©2010 PR Newswire.
All rights reserved