ThermoEnergy Corporation Signs $1.1 Million Contract To Provide Ammonia Recovery System At Indonesia's Largest Power Plant
WORCESTER Mass., Oct. 15, 2012 /PRNewswire/ -- ThermoEnergy Corp . (OTCBB: TMEN), a diversified technologies company engaged in the development and sales of wastewater recovery and power generation technologies, has announced that it has signed a $1.1 million contract to provide an ARP (Ammonia Recovery Process) system at Paiton Energy's new Paiton 3 power station located on Java Island. Paiton 3 is the first super-critical coal unit in Indonesia and the largest and most efficient coal-fired generating unit on the Java- Bali grid.
The ThermoEnergy ARP system will separate ammonia from the power plants' condensate polishing system regeneration wastewater allowing the plant to recycle the water for steam generation and recover aqueous ammonia for use in the plant's pollution control systems.
After a comprehensive evaluation by Paiton Energy and consulting engineering firm, Burns and Roe, ThermoEnergy's ARP system was selected as a significantly more cost-effective and energy-efficient alternative to traditional air stripping technology. In addition, the ARP system offers a fraction of the footprint that would have been required to handle the same capacity with air stripping towers.Manufacturing on the ThermoEnergy ARP system will begin in early Q4 2012, with onsite installation planned for Q2 2013. The Company was also successful in obtaining project financing for the order.
"ThermoEnergy wastewater recovery technologies continue to find new applications in the energy sector," said ThermoEnergy Chairman and CEO, Cary Bullock. "We are making significant inroads into oil & gas hydrofracking and biogas production, and we are extremely excited by this first foray into a potentially huge power generation market." As part of its marketing strategy in Asia, ThermoEnergy recently signed an agreement with KBK (Kyokuto Boeki Kaisha, Ltd.) (8093.T) to represent the company in Japan and in other countries in the region. About ThermoEnergy Corp. Founded in 1988, ThermoEnergy is a diversified technologies company engaged in the worldwide development, sales and commercialization of patented and/or proprietary wastewater treatment and power generation technologies. The company has spent nearly two decades developing sustainable water treatment technologies that help clients operate more efficiently, save money, reduce their carbon footprints, and meet sustainability goals. ThermoEnergy's award-winning wastewater recovery systems provide superior process economics and environmental compliance for a variety of wastewater treatment operations. ThermoEnergy is represented ProfiNutrients NL and by Eurotas Technologies in Europe, and by KBK (Kyokuto Boeki Kaisha, Ltd.) in Japan and other countries in Asia. Additional information on the Company and its technologies can be found on its website at www.thermoenergy.com
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 + 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