WORCESTER, Mass., April 22, 2012 /PRNewswire/ -- As the nation celebrates Earth Day 2012, ThermoEnergy Corporation (OTCBB: TMEN) ( www.thermoenergy.com) is issuing a reminder that clean coal technology is a valuable contributor to clean air, energy independence and employment.
"Coal-fired power plants are not likely to be replaced by alternative energy or nuclear power any time soon, and gas-fired plants still emit considerable CO2," said ThermoEnergy CEO Cary Bullock. "At a time of high unemployment, it makes sense to preserve jobs in the coal mining, transportation and power generation sectors. Clean coal technologies like pressurized oxy-combustion (POXC) can capture CO2 and other emissions within a power plant for sequestration or re-use and help keep older coal-fired plants in service, with near-zero emissions."
Bullock also noted that POXC technology can be exported and fitted onto coal-fired power plants worldwide, which would help reduce pollution while reducing America's trade deficit. ThermoEnergy recently formed Unity Power Alliance to promote POXC technology to develop, promote, demonstrate and commercialize POXC in the U.S. and internationally. In addition, Bullock pointed out that ThermoEnergy expects new rules on coal-fired power plant emissions which were finalized recently by the EPA to spur demand for effective, efficient, clean combustion technology."With coal as our nation's most abundant energy resource with a projected 250-year supply, it is vital that we find ways to continue to use coal for energy production while finding ways to make its use cleaner," Bullock said. "POXC also may be applied to oil, biomass and other fuel sources as well." About ThermoEnergyFounded in 1988, ThermoEnergy, is a diversified technologies company engaged in the worldwide development, sales and commercialization of patented and/or proprietary municipal and industrial wastewater treatment and power generation technologies. Additional information on the Company and its technologies can be found on its website at www.thermoenergy.com. THIS PRESS RELEASE INCLUDES STATEMENTS THAT MAY CONSTITUTE "FORWARD LOOKING" STATEMENTS, USUALLY CONTAINING THE WORDS "ESTIMATE", "PROJECT", "EXPECT" OR SIMILAR EXPRESSIONS. FORWARD LOOKING STATEMENTS INHERENTLY INVOLVE RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM CURRENT EXPECTATIONS. BY MAKING THESE FORWARD LOOKING STATEMENTS, THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE THESE STATEMENTS FOR REVISIONS OR CHANGES.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV