HTC to Launch-China Operations.REGINA, Saskatchewan -- HTC HTC HTML (Hyper Text Markup Language) Component HTC High Tech Computer Corp (Taiwan, China) HTC Hennepin Technical College (Minnesota) HTC High-Throughput Computing Purenergy (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:HTC) is pleased to announce the signing of an agreement to open operations in China to launch HTC's Carbon Clear Solutions. HTC Purenergy in partnership with Buckingham Group, have formed a new commercial group under the name of HTC Purenergy International. This new group will be focused on marketing and deploying HTC's CO2 capture technologies to the coal power producers located in China. Lionel Kambeitz, Chairman of HTC commented "With the anticipated new planned coal plants being built in China over the next 10 years and the numerous existing legacy coal power plants, we are very pleased to be in partnership with a company that has been established and successful in China. Successful market development in China requires established local partners and we have found that in the Buckingham Group." China is the most highly populated country in the world, with a total population of 1,297 million at the end of 2004. The economy has maintained an approximate annual growth rate of 9 percent during the past 20 years, along with an increasing demand for energy. Coal is used for the greater portion of its energy supply (67%) which is closely linked to high Green House Gas emissions. Electricity generation is one of the fastest growing sectors in China with the total installed capacity increasing from 66 gigawatts in 1980 to 420 gigawatts in 2004. Chinese national oil companies have expressed an interest in CO2 capture technologies, and have visited the test facilities at the University of Regina History Origins In direct response to the award of the University of Saskatchewan to Saskatoon rather than Regina, the Methodist Church of Canada established Regina College in 1911 on College Avenue in Regina, Saskatchewan, starting with an enrollment of 27 students; and Boundary Dam. They have shown particular interest in CO2 sequestration for enhanced oil recovery Enhanced Oil Recovery (EOR) is a generic term for techniques for increasing the amount of oil that can be extracted from an oil field. Using EOR, 30-60 %, or more, of the reservoir's original oil can be extracted [1] compared with 20-40% [2] due to their declining oil production. Rising oil and gas prices are making 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. a valuable commodity for use in enhanced oil recovery (EOR EOR - exclusive or ) - a proven process used for over twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. in Canada, the US and former Soviet Union. By injecting the C02 into older oil reservoirs, the oil's viscosity is reduced and its flow rate increased. This can extend the lifetime of oil fields by decades - and with high oil prices it makes increasing economic sense to use C02 to squeeze as much oil as possible from fields which would otherwise have been abandoned." Jessica Zhang, Managing Director of the Buckingham Group is quoted as saying "We see strong demand for HTC's products in China and we look forward to bringing our business experience and relationship in the power industry to successfully launch this new and exciting CO2 capture business in China". HTC Purenergy corporate developments can be followed on www.htcenergy.com and is traded under the symbol HTC. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. Inc. does not take any responsibility for the adequacy or accuracy of the information contained in this news rel ease. HTC Purenergy (TSX VENTURE:HTC) |
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