NEW BIOGAS DIVISION

About this update from Chesterfield Special Cylinders Holdings Plc

[{"type":"text","content":"\n RNS Number : 7603H Pressure Technologies PLC 10 November 2008  \n \n\n\n     10 November 2008\n\nPRESSURE TECHNOLOGIES PLC\n('Pressure Technologies' or the 'Group')\n\nNEW BIOGAS DIVISION\n\nThe Board of Pressure Technologies is pleased to announce that, in line with its strategy to broaden the Group's activities, it has established a new operating division, Chesterfield BioGas, following the signing of a co-operation agreement with Greenlane® Biogas Limited, the world leader in biogas upgrading from raw biogas to vehicle quality fuel.\n\nUnder the agreement, which gives Pressure Technologies exclusive rights to market Greenlane® equipment in the UK and Eire, Chesterfield BioGas will provide turnkey solutions for the cleaning, storage and dispensing of biomethane, produced from waste water treatment and anaerobic digestion of organic waste. \n\nThe UK market for biomethane has, to date, remained untapped, largely due to a limited availability of methane-fuelled vehicles and subsidies for combined heat and power plants, which have made the injection of methane into the gas grid uneconomic. These two factors are now being addressed. Mercedes and Volkswagen are now producing right-hand drive methane fuelled vehicles for the UK market and the Energy Bill has been changed to pave the way for financial incentives designed to encourage direct injection of biomethane into the gas grid. \n\nChesterfield BioGas will develop the UK market for biogas cleaning equipment, which provides clean biomethane suitable for use as an alternative vehicle fuel or for direct injection into the natural gas grid, across a wide range of commercial sectors. These will include waste management and water treatment companies, as well as large commercial farmers and waste food processors. Due to the complexity of UK planning law and lead times on equipment, it is anticipated that orders secured by Chesterfield BioGas in 2009 will not contribute to Group revenues until the year ending 30 September 2010.\n\nThe Greenlane® Biogas Upgrading System has an unsurpassed track record and the widest distribution of any upgrading technology. With installations in Sweden, France, Japan, Spain and Germany, Greenlane® Biogas is the world leader, both in ...

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