NEW YORK, June 13, 2006 (PRIMEZONE) -- W2 Energy Inc., a developer of green energy, is pleased to announce it has approved an expansion of our pilot plant to include an integrated catalytic micro GTL (gas-to-liquid) system. The system, which will be designed to take full advantage of our GAT reactor, will greatly reduce project cost and time-to-market.
Mr. Michael McLaren states, "Up until now W2 Energy has been utilizing third partly GTL technology that was costly and somewhat difficult to integrate to our GAT reactor." He also stated, "Now with our own proprietary technology we can tailor it to fit our needs perfectly and significantly reduce our capital cost of the projects as well as our time to market." He further stated, "By having our own proprietary micro GTL technology we are also able to fully take advantage of the high efficiency of the GAT reactor and produce a better liquid product for a much lower cost per barrel."
W2 Energy continues to push forward on the scale-up construction of our 100 BBD plant as well as actively seeking new opportunities for our large scale plants as well as joint ventures and licensing opportunities. With our new system W2 Energy will be able to deliver samples to satisfy the terms of our letters of interest for production quantities faster.
W2 Energy currently has approximately USD$1.7 Billion in production requests for their diesel product.
About W2 Energy Inc.
W2 Energy Inc. is a growing, publicly traded company that develops renewable energy technologies and applies it to new generation power systems. Specifically, W2 Energy Inc.'s biomass-to-energy plants utilize state-of-the-art technologies to produce green energy, both fuel (sulfur-free diesel) and electricity, at the most efficient cost in capital investment and production per/barrel, per/Megawatt.
The W2 Energy GAT reactor breaks down biomass or coal using the chemical energy stored in the biomass itself, the plasma acts as a high temperature catalyst. Unlike typical plasma reactors that utilize convection of the intense heat produced by the plasma, our GAT reactor can amazingly produce enough Syngas (H2, CO) to feed a 10,000 barrel per day synthetic diesel plant and 100 Megawatt steam turbine with a mere 4 MW input. Since our unique process works in this manor, most if not all the CO2 produced by the process is converted into Carbon suboxides in the form of humic acid and is mixed within the ash to produce high grade organic fertilizer. Therefore, the process is completely C02 neutral, even using coal or peat as base fuel.
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