CalciTech Introduces Unique and Ecological Production Process For PCC.Business Editors HAMILTON, Bermuda--(BUSINESS WIRE)--Sept. 12, 2002 Commercial test plant successfully commissioned in Leuna, Saxony-Anhalt, Germany CALCITECH LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : CLK CLK Clock CLK Clerk CLK CDC2-Like Kinase CLK Corel RAVE (file extension) CLK Chep Lap Kok (Hong Kong airport) CLK Ceska Lekarska Komora (Chech) ; Freiverkehr: XCH XCH Exchange XCH Christmas Island (airport code) XCH Extended Channel ; OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CLKTF) today officially presents its commercial test plant in Leuna, Saxony-Anhalt, for the production of PCC PCC prothrombin complex concentrate. from industrial waste materials, which was successfully commissioned earlier this summer. The commercial test plant has already validated the unique process for the production of white pigment precipitated calcium carbonate calcium carbonate, CaCO3, white chemical compound that is the most common nonsiliceous mineral. It occurs in two crystal forms: calcite, which is hexagonal, and aragonite, which is rhombohedral. (PCC) that has been developed by CalciTech. With an annual production capacity of 800 tons the plant is capable of providing potential customers with bulk samples of CalciTech - PCC. This represents CalciTech`s kick off step towards full commercialisation. The second step will be the construction of a large-scale-plant in Leuna with an annual capacity of 40.000 tons, starting by the end of 2002, and involving a capital investment of 12 million Euro. CalciTech`s unique upcycling-technology gives it access to grants and environmental soft loans covering as much as 50 percent of the investment. Additional financing will consist of project funding Project Funding reflects the overall financial analysis and entails the analysis that is needed in order to get the financial means approved and funds made available to be able to perform the discipline of project management. and equity. The production start is scheduled for spring 2004. PCC is a white filler pigment and extender See Media Center Extender, bus extender and DOS extender. used in paper, rubber and plastics, sealants and adhesives, paint and inks, cosmetics, food and pharmaceuticals. While its largest use today is as paper filler, CalciTech will focus initially on the larger paper coating application, a three billion Dollar market opportunity. The commissioning of the commercial test plant represents an important milestone in CalciTech`s corporate history. For the region of Leuna, the technology transfer at the same time implies a positive step towards a cleaner environment. CalciTech's unique process upcycles local waste and greenhouse gas into value-added PCC. Roger A. Leopard, President of CalciTech, explains: "I am proud, after more than five years and ten million US-Dollar development effort, to present the benefits of our work here in Leuna. The commercial test plant displays an upscaling from the laboratory pilot plant by the factor 60. The next step, the construction of a large-scale-plant represents a further scale-up factor of only 15 and is therefore reduced to a mere financing challenge. The successful launch of the commercial test plant has proven its overall feasibility and we have appointed the reputable engineering firm WS Atkins to implement the first commercial project here in Leuna." One of the reasons for choosing Leuna as the location of the first commercial plant of CalciTech was the large source of carbide lime in the pond In the Pond is a 1998 novel by Ha Jin, who has also written Under the Red Flag, Ocean of Winds, and Waiting. He has been praised for his works relating to Chinese life and culture. near-by. This pond full of waste lime is owned by the Mitteldeutsche Sanierungs- und Entsorgungsgesellschaft (MDSE MDSE Merchandise MDSE Message Delivery Service Element MDSE Missile Defense System Exerciser ). The waste CO2 that is necessary for the production of PCC comes from Linde AG, which operates a gas production plant at the same location. Dr. Rotschke, Managing Director of MDSE, commented: "We consider the CalciTech-process to be a really beneficial contribution to sustainable development. It removes existing waste (protection of natural resources) and converts it into a profitable high-quality product using greenhouse gas CO2 (environment protection). The resulting remediation of the pond thereby improves the natural scenery as well as the quality of the life of the people." Linde Gas AG serves as competent and reliable partner for the gas supply at Leuna providing raw CO2. After the successful collaboration at the pilot plant, Hermann Wunram, Head of On-Site-Management of Linde Gas AG, sees positive aspects not only for the environment but also for the further development of the location and the region of Central Germany. Andreas Hiltermann, Managing Director of InfraLeuna Infrastruktur und Service GmbH, welcomes CalciTech's investment as "a further building block of the Leuna site, that also delivers a fundamental contribution towards the goal of technological innovation and environmental protection." In addition to these obvious ecological advantages of the technology, CalciTech PCC features several characteristics that clearly differentiate it from conventional PCC. Firstly, the upcycling of waste enables a production that is very cost-effective. Additionally, the unique patented process delivers superior PCC products in terms of purity, crystal habit, size and size distribution. These characteristics open up new markets for CalciTech PCC like the substitution of Kaolin kaolin (kā`əlĭn): see china clay. and GCC GCC: see Gulf Cooperation Council. (compiler, programming) GCC - The GNU Compiler Collection, which currently contains front ends for C, C++, Objective-C, Fortran, Java, and Ada, as well as libraries for these languages (libstdc++, libgcj, etc). in paper coating. About CalciTech CalciTech Ltd. has developed a unique process for the upcycling of industrial waste lime and flue gas carbon dioxide carbon dioxide, chemical compound, CO2, a colorless, odorless, tasteless gas that is about one and one-half times as dense as air under ordinary conditions of temperature and pressure. into white pigment grade Precipitated Calcium Carbonate (PCC). The production of this innovative product is based on a patented process developed in collaboration with several universities and research centers. The first plant will be located in Leuna, Germany. The plant is expected to produce over 40,000 tons of PCC per year. CalciTech intends to expand its worldwide technology-leadership in the production of environmentally friendly Precipitated Calcium Carbonate (PCC). Given the high quality of the product, the company foresees several application areas in different industrial markets, above all in the paper manufacturing market. The company is based in Bermuda with administrative headquarters in Ferney Voltaire, France. CalciTech's shares are listed in Canada on CDNX CDNX See Canadian Venture Exchange (CDNX). (Ticker: CLK), in the United States on the OTC BB (CLKTF) as well as on the Freiverkehr in Germany (XCH). About Linde The Linde Group, headquartered in Wiesbaden, Germany, is a global technology company dedicated to gas and engineering, material handling and refrigeration refrigeration, process for drawing heat from substances to lower their temperature, often for purposes of preservation. Refrigeration in its modern, portable form also depends on insulating materials that are thin yet effective. . More than 46,000 employees work to improve the quality of life for everyone in the world. The company recorded sales of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 9.076 billion in 2001. The Linde Gas business segment, located in Hollriegelskreuth, Germany, is a market leader for industrial gases in Europe and a leading gas supplier worldwide. Together with an exhaustive array of gases for uses in the crafts, industry, medicine, environmental protection, and research and development, Linde Gas supports its customers with comprehensive applications know-how, extensive services and the hardware needed in gas applications. For more information, visit Linde Gas on line at www.linde-gas.com About InfraLeuna The InfraLeuna Infrastruktur und Service GmbH is the owner and operator of infrastructure facilities at the location Leuna and offers an extensive variety of services and utilities for the resident and future companies in Leuna. This press release contains forward-looking statements which are subject to a number of contingencies and uncertainties, including but not limited to, market acceptance for CalciTech products, manufacturing of CalciTech products in a commercial setting, obtaining adequate financing and construction management for products and obtaining appropriate permits. Such forward-looking statements are not guarantees of future performance, and are based on numerous assumptions about future conditions that could change. No Stock Exchange has reviewed or accepted responsibility for the adequacy or accuracy of this press release. |
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