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Thermal Energy Secures Landmark Project with Top 10 Global Tissue Company
(via TheNewswire) OTTAWA, ONTARIO / TheNewswire / April 1, 2019 - Thermal Energy I...
About this update from Thermal Energy International Inc.
[{"type":"text","content":"Thermal Energy Secures Landmark Project with Top 10 Global Tissue Company(via TheNewswire)\n\n \n \n\n \n \nOTTAWA, ONTARIO / TheNewswire / April 1, 2019 - Thermal Energy International Inc. (\"Thermal Energy\" or the \"Company\") (TSX-V: TMG), an innovative cleantech company providing energy efficiency and emissions reduction solutions to companies worldwide, has received an order from a leading tissue manufacturer for a heat recovery system at one of its flagship production plants. \n\n \n \nThe project, valued at $850,000, will include the deployment of Thermal Energy's proprietary FLU-ACE(R) heat recovery technology, in a solution set to provide the site with natural gas savings of over $350,000 a year.\n\n \n \nThis is Thermal Energy's first project with this top 10 global tissue producer. It comes as the Company continues to strategically focus on vertical markets where the roles of efficiency and sustainability have a significant impact. Thermal Energy has installed equipment at over 20 sites within the pulp and paper industry, with solutions leveraging a number of its products including both FLU-ACE(R) and GEMTM steam trap technologies. \n\n \n \nUpon commissioning, the system will recover heat to displace steam currently used to heat process water required during production. The initiative will reduce carbon emissions by over 2,700 tonnes annually, the energy saving equivalent to permanently removing more than 570 cars from the road.\n\n \n \n\"This project is another example of our ability to solve energy efficiency challenges faced across a number of key sectors. With up to 50% of industrial energy consumption lost as waste heat due to inefficiency, technology that decreases a facility's energy demand delivers both a reduction in emissions and a monetary saving - a compelling business case the world over.\" Said William Crossland, CEO of Thermal Energy. \n\n\n \n\"The pulp and paper sector is one of a number of industries we're directly working with to achieve commercially-viable sustainability through energy efficiency, with applications suited to our full range of technologies including, FLU-ACE(R), GEMTM, HEATSPONGE and DRY-REXTM.\" \n\n\n \nThe scope of this order covers the design, equipment supply, commissioning and training for the system. It is expected to be completed and revenue earned within nine months \n\n...