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Thermal Energy Identifies New Heat Recovery Opportunity for Multinational Food & Beverage Corporation
(via TheNewswire) OTTAWA, ONTARIO / TheNewswire / December 13, 2018 - Thermal Energy I...
About this update from Thermal Energy International Inc.
[{"type":"text","content":"Thermal Energy Identifies New Heat Recovery Opportunity for Multinational Food & Beverage Corporation(via TheNewswire)\n \n \nOTTAWA, ONTARIO / TheNewswire / December 13, 2018 - Thermal Energy International Inc. (\"Thermal Energy\" or the \"Company\") (TSX-V: TMG), an innovative cleantech company and provider of proprietary energy efficiency and emissions reduction solutions, has been commissioned by a multinational food and beverage conglomerate to add a second FLU-ACE(R) to its existing heat recovery system. \n\n \n \nThis heat recovery project, valued at approximately $2.4 million, is an extension to the Company's proprietary FLU-ACE(R) technology already deployed at the beverage processing plant. This newest project is expected to provide the multinational business with additional utility savings of approximately $415,000 per year. This figure encompasses natural gas saving of approximately $385,000 and a reduction in water usage of approximately 8 million gallons annually, the equivalent to $30,000 a year. \n\n \n \nUpon commissioning, Thermal Energy's combined FLU-ACE(R) and GEMTM systems installed on site are expected to reduce the customer's fuel usage by 46% and reduce carbon emissions by an estimated 5,000 tonnes annually. This is equivalent to the amount of energy saved by permanently removing more than 1,000 average passenger vehicles from the road.\n\n \n \nThe recovered heat will be used to displace steam currently heating the boiler makeup water and used within the production process. The scope of this order covers all design, construction, commissioning and training for the system.\n\n \n \n\"We have been working in partnership with this key account for a number of years. This is the latest in a series of projects with the company as it seeks to improve energy efficiency and site sustainability across a number of locations.\" said William Crossland, CEO of Thermal Energy. \n\n \n \n\"For us, it also represents the first time that a second FLU-ACE(R) has been installed at one of this key customer's sites. Often, the challenge heat recovery projects face is finding the best application to re-use the energy. However, by appreciating the business's full process requirements, we have identified additional sources and uses of the recovered heat.\n\n \n \n\"This FLU-ACE(R) project is a great example of how our technolog...