NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. NEWSWIRES
Winnipeg, MB, Sept. 05, 2023 (GLOBE NEWSWIRE) --
EnerPure Inc. (“EnerPure” or the “Company”) is excited to announce it has signed a Letter of Intent ("LOI”) for the long-term lease of a site in South-Central Alberta for the deployment of one of EnerPure’s patented used motor oil (“UMO”) regeneration units.
The signing of this LOI for the Alberta project site lease represents an important milestone in EnerPure’s development of a UMO recycling project in Alberta. The project site is in an ideal centralized location and comes with existing infrastructure including petroleum storage tanks, on-site rail spur, and required utilities.
EnerPure intends to commence construction on the site in 2024, pending receiving all necessary government and regulatory approvals, and to commission the regeneration unit in 2025. Once commissioned, this facility will be Alberta’s first and only UMO recycling facility. EnerPure’s regeneration unit will aid in transitioning Alberta from an exporter of UMO to a recycler, creating industry jobs in Alberta and helping grow the economy.
Todd Habicht, Founder and CEO of EnerPure commented: “EnerPure is excited to be advancing our used oil regeneration unit project in Alberta. There is a tremendous need for used oil recycling capacity in Alberta and securing such an ideal location is important to the success of this project.”
About the Company
EnerPure is a Manitoba cleantech company founded to recycle waste petroleum into a reclaimed source of fuel and energy while reducing greenhouse gas (GHG) emissions.
EnerPure’s regeneration technology uses a patented three-phase, closed-loop, continuous flow process to convert used motor oil into a market-ready marine distillate fuel now required for international ships under the IMO 2020 Fuel Standard.
EnerPure is pleased to have received funding and support from Sustainable Development Technology Canada (SDTC). SDTC supports companies attempting to do extraordinary things by investing in innovative small and medium-sized businesses to help them grow into successful companies that help solve some of the world’s most pressing environmental challenges. https://www.sdtc.ca/en/
EnerPure is pleased to have received funding and support from the Government of Canada through the Community Adjustment Fund.
For more information please contact:
EnerPure Inc.
www.enerpure.tech
Marshall Farris
Corporate Communications
news@enerpure.tech
604-837-4774
Disclosure and Caution
This press release may contain certain disclosures that may constitute "forward-looking statements" within the meaning of Canadian securities legislation. In making the forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable. However, the forward-looking statements are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.
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