Business
Letter of Intent with Ineos C
Letter of Intent with Ineos C.
About this update from H-power Plc
[{"type":"text","content":"\n RNS Number : 8657X AFC Energy Plc 24 August 2009 \n \n\n24th August 2009\nAFC Energy PLC\n('AFC Energy' or the 'Company')\nAFC signs a letter of intent with INEOS ChlorVinyls \nAFC Energy, the low cost alkali fuel cell company, is pleased to announce that it has signed a letter of intent with European chemicals major INEOS ChlorVinyls to develop a hydrogen fuel cell project at its Runcorn Site manufacturing complex in Cheshire, UK.\n\nThe project is being commissioned as part of INEOS ChlorVinyls' ongoing strategy to widen its energy portfolio and to seek out alternative energy generation methods to offset energy generated from conventional fossil fuels.\n\nAFC Energy and INEOS ChlorVinyls will work together to develop a solution that will deliver energy from surplus hydrogen arising out of the chlorine manufacturing process. AFC Energy has already successfully demonstrated electricity generation utilising industrially produced hydrogen.\n \nIan Balchin, AFC Energy's MD said 'This is significant step for AFC Energy, having successfully demonstrated an AFC Fuel Cell system using industrially produced hydrogen, we are able to work with new partners. We look forward to working closely with INEOS ChlorVinyls'. \n\nFor further information please visit www.afcenergy.com or contact:\n\n\n\n\n\nAFC Energy plc\nTim Yeo, Chairman\nIan Balchin, Managing Director\n \n\n\n01483 276726\n\n\n\n\nAstaire Securities\nShane Gallwey / Lindsay Mair\n \n\n\n020 7448 4400\n\n\n\n\nPelham Public Relations\nChelsea Hayes/ Klara Kaczmarek \n\n\n020 7337 1523\n\n\n\n\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCSEEESDSUSEIA \n ","length":3603,"tagName":"div"}]