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Thermal Energy International Inc V.TMG

Alternate Symbol(s):  TMGEF

Thermal Energy International Inc. is a Canadian clean technology company. The Company provides energy efficiency and emissions reduction solutions to the Fortune 500 and other multinational companies. The Company operates primarily in North America and Europe but also sells its products and services through representative agents throughout the rest of the world. The Company markets, sells, engineers, fabricates, constructs, installs and supports two technology lines, such as heat recovery solutions, including direct contact heat recovery solutions (FLU-ACE), indirect contact heat recovery solutions (HEATSPONGE and SIDEKICK), and condensate return system solutions (GEM steam traps). The Company is also developing several other technology lines, including low temperature biomass drying systems (DRY-REX). The Company has two operational bases, one in Ottawa, Canada covering North America, and the other in Bristol, United Kingdom, covering Europe and the rest of the world.


TSXV:TMG - Post by User

Post by canweson Aug 18, 2020 8:22am
119 Views
Post# 31421662

Contract

Contract

Thermal Energy’s “Bolt-on” CHP Heat Recovery Solution to Optimize Leading Food Group’s Efficiency and Cut Emissions  

OTTAWA, ONTARIO – August 18, 2020 – Thermal Energy International Inc. (“Thermal Energy or the “Company”) (TSXV: TMG), has been commissioned by one of Europe’s largest food and drink groups to supply a turnkey heat recovery system designed to reduce fuel use and carbon emissions, while also minimizing particulate matter, and NOx emissions. 

The project, valued at approximately $920,000, will be installed at a canning and pouch packaging facility in the UK. At the heart of the system will be Thermal Energy’s proprietary direct contact heat recovery technology, FLU-ACE®. This unit will draw flue gases from three boiler exhausts and recover waste energy from a Combined Heat and Power (CHP) heating jacket. The recaptured energy will then preheat process water required during the cooking, canning, and sterilization processes, and heat boiler make up water used to create steam.

Once commissioned, the system is expected to deliver an annual fuel saving of $383,300 and reduce the site’s carbon emissions by 2,868 tonnes a year – helping to support the Group’s company-wide targets.

“We’ve worked with this customer for a number of years, having previously installed our high efficiency, low maintenance GEM™ steam traps at various European sites.” said William Crossland, CEO of Thermal Energy.

“This project is particularly exciting as the FLU-ACE® unit is integrating with the site CHP. As many facilities turn to cogeneration (or CHP) to increase efficiency, heat recovery can be used to help take an already efficient system from between 60 to 80% into the high 90s, maximizing ROI for the customer. It is applicable across industries and will be an area of focus we continue to develop as a company.”


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