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Thermal Energy Secures Further Heat Recovery Project from Leading Animal Nutrition Company
(via TheNewswire) OTTAWA, ONTARIO - March 27, 2019 - Thermal Energy International Inc. (" ...
About this update from Thermal Energy International Inc.
[{"type":"text","content":"Thermal Energy Secures Further Heat Recovery Project from Leading Animal Nutrition Company(via TheNewswire)\n \n \nOTTAWA, ONTARIO - March 27, 2019 - Thermal Energy International Inc. (\"Thermal Energy\" or the \"Company\") (TSX-V: TMG), an innovative cleantech company providing proprietary energy efficiency and emissions reduction solutions to companies worldwide, has been commissioned by a leading multinational animal nutrition and agricultural products company to improve energy efficiency at one of its European facilities. \n\n\n \n\n\n\n \nThe project, with a value of approximately $2.3 million, will see Thermal Energy install two of its proprietary FLU-ACE(R) heat recovery systems to delivery greater fuel efficiency. The first system will recover heat from the site's process dryers, with the other recapturing heat from the site's boiler plant. The recovered heat will be used to displace steam and natural gas currently heating water and air used within the production process. \n\n \n \nUpon commissioning, Thermal Energy's FLU-ACE(R) systems are expected to reduce the customer's fuel usage by over 15% providing utility savings of approximately $920,000 per year. Carbon emissions will also be reduced by over 2,122 tonnes annually. This is the equivalent amount of energy saved by permanently removing more than 450 cars from the road or switching more than 80,000 incandescent light bulbs to LED.\n\n \n \nThis is the second and third FLU-ACE(R) installation for this multinational manufacturer. Thermal Energy previously completed a similar project for this customer on a biomass boiler exhaust which is currently delivering a 32% annual energy reduction and is expected to achieve $3.4million saving over the product lifecycle. This latest project also comes after the successful deployment of Thermal Energy's high-efficiency, low maintenance GEM(TM) steam trap technology at over five of the customer's sites across the Americas and Europe. The scope of this order covers all design, construction, commissioning and training for the system.\n\n \n \n\"Our partnership with this sector-leading organization has ongoing potential for a number of our products including GEM(TM), FLU-ACE(R), HEATSPONGE and DRY-REX(TM), said William Crossland, CEO of Thermal Energy. \"This order is just one example of how Thermal Energy is becoming a one-stop-sho...