Business
BIOREM receives order for volatile organic compound abatement system
BIOREM receives order for volatile organic compound abatement system
About this update from Biorem Inc.
[{"type":"text","content":"\n\n\n\n Jun. 22, 2010 (Canada NewsWire Group) -- BIOREM Inc. ("Biorem" or "the Company") (TSX-V: BRM) today announced that it has received an order for its advanced biological-based volatile organic compounds (VOC) abatement system, totaling just over $500,000. VOCs are emitted primarily from solvents and fuels and react in the atmosphere to form ground-level ozone. This system will be used to remove VOC emissions from an EPA designated "ozone-non-attainment area" in the United States where ground-level ozone standards are not being met.\n"Our system was selected because it has the lowest carbon footprint of any current abatement technology. Customers seeking VOC abatement do not want technologies with high energy requirements or that produce secondary pollutants, such as Nitrous Oxides which typically result from Thermal Oxidation processes, because they understand this only shifts the environmental impact," said Peter Bruijns, President and CEO. "Securing this order in the VOC market demonstrates Biorem is on track with our strategy to leverage our world-class technology to expand and diversify into new markets."\nBiorem has been developing next generation biological solutions for the degradation of VOCs using biological techniques. The result is a technology solution able to achieve up to 95% destruction of VOCs using biological processes. Biorem has, to date, filed three patent applications covering a number of innovations which will provide a competitive advantage.\n"The key commercial objectives to developing a clean technology solution for the VOC market are to achieve performance and capital cost parity with older green house gas producing technologies such as Regenerative Thermal Oxidizers while fitting the biological solution into a similar footprint. Biorem is also installing its first full-sized commercial unit that meets these key criteria at an automotive facility in Ontario which will also be used as a demonstration site," said Bruijns.\nAs previously announced, the Company is concentrating on two new major market segments: treating emissions of volatile organic compounds and renewable energy (biogas purification). These two combined markets are estimated to be $425 million annually in North America, and will also provide significant opportunities in Chi...