Thermal Energy R&D agreement leads to first Chinese government funding for ThermaloNOX project
OTTAWA, ONT-Thermal Energy International recently formalized a research and development agreement with the South China University of Technology (SCUT). The focus of the agreement is the commercialization of the company's ThermaloNOX(TM) technology for removal of nitrogen oxides (NOX), targeting China's coal-fired power market. The two-year agreement will include demonstration-scale testing access to a coal-fired power plant slip-stream in China. The University has selected the Guangzhou Yuancun Heat and Power power plant in Guangdong province as the site for the project. As a result of the agreement, the Guangzhou Municipal Science and Technology Bureau is making the first Chinese investment in research of this nature, providing the equivalent of $140,000 to support SCUT's project resources commitment. The funding is expected to be in place within 90 days and will be matched by Thermal Energy in the form of in-kind equipment and services. Both partners are also discussions with upper-tier levels of Chinese government for possible further financial support. Thermal Energy President and CEO Tim Angus reaffirmed his company's commitment to China, the world's largest consumer of coal-fired power and other energy sources. "China represents a tremendous business and growth opportunity for a company like Thermal Energy as well as an opportunity to work with some of the leading scientists and researchers in energy and environmental technologies at SCUT," he said. More information is available on Thermal Energy's Web site, www.thermalenergy.com.