Additron
Technologies to Proceed with Purchase of Site for Commercial Scale
Synthetic Fuels Facility
Released
on: February 18, 2008, 6:48 pm
Press
Release Author: Additron
Technologies Inc.
Industry:
Energy
Press
Release Summary: Additron Technologies, Inc. has received approval
from the Shanghai Municipal Committee Secretary to proceed with
the acquisition of approximately 1.8 square kilometres in Pudong
New District, Shanghai to build its Strategic Fuels and Chemicals
Center.
Press
Release Body: SHANGHAI, R.O.C., February 18, 2008 – Additron
Technologies, Inc. today announced that it has received
approval from the Shanghai Municipal Committee Secretary
to proceed with the acquisition of approximately 1.8 square kilometres
in Pudong New District, Shanghai. Additron intends
to build its Pudong Strategic Fuels and Chemicals
Center at the site.
The
facility will produce Additron’s ultra-clean synthetic transportation
fuels and specialty chemicals.
Alexander
Chen, Additron’s President and Chief Executive Officer stated,
“We are pleased to have located this site for our synthetic
fuels and chemicals facility. The site is ideally located with access
to multiple feedstocks (pet coke, coal and biomass), central to
several product distribution channels.
Chen
continued, “The aquisition of this site is instrumental
in moving this project forward. By using domestic resources, facilities
such as this one will play a critical role in increasing China’s
energy security while reducing the regions greenhouse gas footprint.”
Based
on a study conducted by the Shanghai CPC Department of Energy,
Additron’s proprietary Nano Enhanced
ICL process was free of virtually all carbon dioxide emissions.
Xi
Jinping, former CPC Party Secretary said, “Shanghai
is excited about Additron’s decision to commit
to exercise the option on the site.
This
project will be a great enhancement to the economic progress of
not only the Pudong New District, but to all of Shanghai.”
Using
Additron’s proprietary Nano Enhanced ICL process,
the Pudong Strategic Fuels and Chemicals
Center will be designed to use petroleum coke or coal supplemented
with biomass as gasification feedstocks.
The
project will initially produce 40,000 barrels per day of ultra clean
synthetic fuels and specialty chemicals and will be expandable to
80,000 barrels per day.
About
Additron Technologies, Inc.
Additron
Technologies, Inc., founded in 1997, provides clean energy
solutions. The Company developed the Nano Enhanced ICL Process
which transforms coal into valuable and clean alternative
fuels and chemicals.
Web
Site: http://www.additrontech.com
Contact
Details: Additron Technologies Inc.
Shen
Xiang Road,
Zhu Jia Jiao Town,
Qing Pu Area, Postalcode: 201714
Shanghai, R.O.C.
General
Inquiries:
info@additrontech.com
Investor
Relations:
investorrelations@additrontech.com
Tel: +86-21-5129-4510
Fax: +86-21-5129-4513
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