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Thermal Energy International Inc V.TMG

Alternate Symbol(s):  TMGEF

Thermal Energy International Inc. provides energy efficiency and emissions reduction solutions to the fortune 500 and other multinational companies. It operates primarily in North America and Europe but also sells its products and services through representative agents throughout the rest of the world. It 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 (GEMTM steam traps). It is also developing several other technology lines, including low temperature biomass drying systems (DRY-REX). Its solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations. It has two primary operational bases of operation, one in Ottawa, Canada and the other in Bristol, United Kingdom, covering Europe and the rest of the world.


TSXV:TMG - Post by User

Post by dannyd9on Dec 05, 2017 5:24pm
84 Views
Post# 27096397

Carbon tax angle

Carbon tax angleOne thing not mentioned in the release, unless i missed it, is the impact on the companys future carbon tax. With that type of emmission reduction, there is clearly going to be a benefit on that part of the ledger as well. The industry as a whole may see this deal as something worth exploring themselves, especially the legacy outfits which have old technollogy. The payback is only 3 years and like a said, produces a postive carbon credit outcome.
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