ThermoEnergy Unveils New Low-Cost CO2 Production Process.Energy Editors/Business Editors LITTLE ROCK, Ark.--(BUSINESS WIRE)--Aug. 25, 2003 ThermoEnergy Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : TMEN TMEN N,n,n',n'-Tetraethylethylenediamine ) unveiled its new process design for the low-cost production of carbon dioxide; also referred to as CO2. Carbon dioxide, the fourth most-abundant gas in the Earth's atmosphere, has thousands of commercial uses, including the carbonation of soft drinks and beer, cryogenic refrigeration (dry ice is solidified CO2), decaffeination Decaffeination is the act of removing caffeine from coffee beans, mate, cocoa, tea leaves and other caffeine containing materials. (While caffeine-free soft drinks are occasionally referred to as "decaffeinated," some are actually prepared by simply leaving caffeine out in the of coffee, fire fighting, 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] , and producing methane gas from coal beds among others. Until now, the most economical way to produce carbon dioxide was to recover it as a by-product from various manufacturing processes or from natural wells. However, these sites are not always convenient to CO2 users, so transportation and special handling costs to transport CO2 can become a significant factor. However, ThermoEnergy's new THERMO THERMO Thermal and Hydrodynamic Experiment Research Module in Orbit - CO2 system, with its zero air emission and easy scalability, can be sited virtually anywhere there is a need for a stable, low-cost supply of CO2. The THERMO - CO2 system design is a slight modification of ThermoEnergy's patented multi-pollutant capture system called TIPS. TIPS is an oxy-fuel process that produces electricity and liquid carbon dioxide from coal, natural gas, fuel oil or biomass with zero air emissions. TIPS is able to achieve this advanced level of power generation and pollution control by achieving thermodynamic efficiencies unavailable to conventional power generation technologies. Used in a gasification gas·i·fy tr. & intr.v. gas·i·fied, gas·i·fy·ing, gas·i·fies To convert into or become gas. gas mode, TIPS is an efficient hydrogen production technology, supplying hydrogen for fuel cells and other similar clean energy technology. "TIPS will not only revolutionize how power plants are designed and operated, but the economic returns on these plants as well," said Dennis C. Cossey, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ThermoEnergy Corporation. "TIPS produces up to five separate revenue streams, including electricity, CO2 sales, sales of industrial acids and gases, emission credits as well as a calcinated ash," added Cossey. Both TIPS and the THERMO - CO2 technologies can be deployed as new plant construction or as a retrofit for existing production facilities. About ThermoEnergy Founded in 1988, ThermoEnergy is an integrated technologies company engaged in the worldwide commercialization of patented and/or proprietary municipal and industrial wastewater treatment Industrial wastewater treatment A group of unit processes designed to separate, modify, remove, and destroy undesirable substances carried by wastewater from industrial sources. and power generation technologies. Additional information on the Company and its technologies can be found on its website at www.thermoenergy.com. |
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