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Thermal Energy Announces $1.4 million Energy Efficiency and Carbon Emission Reduction Project with a Leading Cereal Manufacturer
(TheNewswire) OTTAWA, ONTARIO – TheNewswire - October 31, 2022 –...
About this update from Thermal Energy International Inc.
[{"type":"text","content":"Thermal Energy Announces $1.4 million Energy Efficiency and Carbon Emission Reduction Project with a Leading Cereal Manufacturer\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n OTTAWA, ONTARIO –\n \n \n TheNewswire -\n \n \n October 31, 2022 – Th\n \n \n ermal Energy International Inc. (“\n \n \n \n Thermal Energy\n \n \n \n ” or the\n“Company”) (TSXV:\n \n \n \n TMG\n \n \n \n )\n \n \n ,\n \n \n (\n \n \n OTCQB:\n \n \n \n TMGEF\n \n \n \n ), a\nprovider of innovative energy efficiency and carbon\n \n \n emission reduction solutions to major corporations around the\nworld, has been commissioned by a leading cereal manufacturer to\nimplement a $1.4 million Turn-key heat\n \n \n recovery\nand carbon emission reduction project.\n \n \n All\nfigures are shown in CAD.\n \n \n \n \n Prior to this project, Thermal Energy had previously\nimplemented\n \n \n GEM\n \n \n TM\n \n \n steam traps at\nthis site and five other sites in North America for this customer.\nWith\n \n \n this order, Thermal Energy will have\ndelivered over $2.2 million in energy efficiency solutions to this\ncustomer.\n \n \n \n \n Covering all aspects of project design and engineering\nas well as manufacturing, installation, commissioning and training,\nthis $1.4 million Turn-key project is expected to deliver annual\nboiler natural gas savings and carbon emission reductions of almost\n20%.\n \n \n \n \n In addition, like many countries around the world, this\nsite’s host country has adopted carbon pricing as a key element in\nits climate plan, as i\n \n \n t’s believed the\nfinancial incentive of carbon pricing will help achieve its Paris\nAgreement commitments to reduce GHG emissions to 30% below 2005 levels\nby 2030. As a result, for this project the value of the carbon\nreductions alone is expected to increase to more than $200,000\nannually by 2030\n \n \n .\n \n \n \n \n “\n \n \n This is a clear example of\ncompanies increasing their focus on meeting ambitious carbon reduction\ntargets.\n \n \n This customer is getting ahead of the\ncurve by making a proactive response to the inevitable carbon price\nincreases, and by taking advantage of our readily available and proven\ntechnology, can be assured that their operations are more protected”\n \n \n...