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Thermal Energy Developing Water and Heat Recovery Solution for Major Petrochemical Company
(via TheNewswire) OTTAWA, ONTARIO / TheNewswire / October 24, 2018 - Thermal Energy ...
About this update from Thermal Energy International Inc.
[{"type":"text","content":"Thermal Energy Developing Water and Heat Recovery Solution for Major Petrochemical Company(via TheNewswire)\n \n \nOTTAWA, ONTARIO / TheNewswire / October 24, 2018 - Thermal Energy International Inc. (\"Thermal Energy\", or the \"Company\") (TSX-V: TMG), a global provider of proprietary industrial, commercial and institutional energy efficiency solutions, is expanding its' presence in the petrochemicals industry having been selected to develop a water and heat recovery option for three proposed Canadian oil sand developments. \n\n \n \nThermal Energy has been appointed to engineer and design an innovative water recovery solution for a world-leading petrochemical company, including costs and benefits analysis. The system would recover water from the boiler plant and cogeneration operations to provide required process water and to reduce capital costs. \n\n \n \nAlthough water recovery has been a significant part of many of the Company's projects in the past, this represents Thermal Energy's first paid contract to engineer and design a system with a focus on water recovery ahead of heat recovery. Preliminary project analysis demonstrated a viable case to include the Company's FLU-ACE(R) Heat Recovery System solution in the design of three Canadian oil sands sites currently under development. As a result, Thermal Energy has been engaged for a more detailed engineering phase. \n\n \n \n\"Oil sands operators are committed to continuously improving sustainability. Technologies which support this vision by delivering a reduction in emissions and minimizing water usage, while also providing a solid return on investment are of great interest to the sector.\" comments William Crossland, CEO of Thermal Energy.\n\n \n \n\"We've developed our FLU-ACE(R) Heat Recovery System to condense water and recover waste heat from a variety of sources including boiler, gas turbine, oven and dryer exhausts. To date, our focus has primarily been on the recovery of heat, driven by rising fuel costs and the need to improve site efficiency and lower carbon emissions. However, the same technology can be applied to reduce or eliminate the use of fresh city water or groundwater. This provides a cost-effective and sustainable solution for organizations looking to reduce their water usage. Such a solution makes it a viable option for not only the petrochemical se...