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Thermal Energy Improves Site Efficiency for Leading Chemicals Corporation
(via TheNewswire) OTTAWA, ONTARIO / TheNewswire / November 19, 2018 - Thermal En...
About this update from Thermal Energy International Inc.
[{"type":"text","content":"Thermal Energy Improves Site Efficiency for Leading Chemicals Corporation(via TheNewswire)\n\n \n \n\n \n \nOTTAWA, ONTARIO / TheNewswire / November 19, 2018 - Thermal Energy International Inc. (\"Thermal Energy\" or the \"Company\") (TSX-V: TMG), a global provider of proprietary industrial, commercial and institutional energy and water efficiency, emission reduction and sustainability solutions, has been commissioned by a leading speciality chemicals producer to design, manufacture and install a turnkey heat recovery project.\n\n \n \nThis $960,000 contract is set to be implemented as part of a company-wide resource productivity and sustainability initiative and follows the successful deployment of a GEM(TM) Trap installation at the same location, which was designed to maximize steam system and energy efficiency via optimal steam trapping. The current project at this European production site will recover wasted energy from a boiler flue and existing gas turbine exhaust. The recovered heat will be used to preheat water for the steam boilers improving process efficiency. The proposed heat recovery solution will deliver an estimated $465,000 of savings per year. \n\n \n \nThis represents Thermal Energy's first heat recovery project in the chemical sector as well as the first with this Fortune 500 client. The project features a HEAT-SPONGE indirect heat recovery unit, from the Company's recently acquired subsidiary Boilerroom Equipment Inc. (BEI), and a direct contact FLU-ACE system. This holistic approach, and the resulting product combination, offers optimal heat recovery with payback estimated to be less than 25 months. This is a more compelling economic case than either system could provide alone. The project is expected to be completed with revenue earned within nine months. \n\n \n \nThis is the latest in a number of transformational heat and water recovery projects announced by the Company, as it continues to grow its presence in the global sustainability market. \n\n \n \n\"The effective use of resources, whether these are water, fuel or materials, is a high priority for businesses and organizations across sectors and territories.\" said William Crossland, CEO of Thermal Energy\n\n \n \n\"We are increasingly working with customers to deliver custom engineered efficiency measures which improve sustainability. This project is...