(TheNewswire)
Calgary,Alberta - TheNewswire–November10,2021-DeltaCleanTechInc.(“Delta”orthe“Company”)(CSE:DELT)(FRA: 66C) (CNSX:DELT.CN)is pleased to announce that it is participating in the world’s first commercial CO2to CarbonNanotubesManufacturingProjectutilizingpostcombustion capturedCO2asitscore component.
On November 1st,2021,theGovernmentofAlbertaannouncedonlocationatCapitalPower’sGeneseePowerPlantinAlberta,Canadathat“itwillbeawarding$15milliontoCapitalPower’s,CO2toCarbonNanotubesProject, through Emissions Reduction Alberta’s - Shovel-Ready Challenge. This program will support about5,600 jobs while injecting $2 billion into Alberta’s economy. This is the largest investment announcement inERA’shistory.”
“Alberta continues to show leadership by using technology in practical ways to reduce emissions and combatclimate change. These investments will help us grow our economy and pave the way to an even brighter futureforall Albertans bybuilding onAlberta’sstrongfoundation asaresponsibleandinnovativeenergyleader.”
JasonKenney,Premierof Alberta–CLICKTOWATCHVIDEO
TheprocessengineeringdesignhasbeencompletedfortheCO2captureplantutilizingDelta’sPDOengine®andDeltaSolv® design for this project. It is a unique CO2capture plant, as initially it will capture CO2from thecombustion of coal and will then be able to convert to natural gas combustion in the future. Delta’s DualApplicationCO2Capture Planthasbeendesigned toadapttothis conversion.
Delta presented this unique adaptable CO2Capture Project Technology at the US Department of Energy sponsored, Pittsburgh Coal conference, on September 22, 2021, with significant interest from coal fired electricity producers wanting to convert to natural gas in the future, but also wanting to implement the capture of CO2fromtoday’scoalfiredemission stream.
Mr. Jeff Allison, President of Delta commented on the Alberta Government press conference, “Delta and its Genesee Project construction partner; ALCO Gas & Oil Production Equipment Ltd. (ALCO Inc.), have been awardedandhavecompletedthefirstphaseofprocessdesignandengineeringonCapitalPower’sCO2toCarbon Nanotubes Project. With Premier Kenney’s recent awarding of $15 million towards this project, we are pleased and optimistic that this project will be a commercial success and wish to congratulate Capital Power on being a Canadianleaderin emissions reductionandafirstmoverin utilizingcapturedCO2.”
Mr. Allison commented further, “What we are now seeing is the commercialization of new technologies that are taking captured CO2 and converting it to useful commercial products. By having technology that convertsCO2tocarbonnanotubes;theCO2emitterhastheabilitytosubstantiallyreducethecostofcapturebyreducingemissionsandcarbontaxes,whileatthesametimehavinganewrevenuesourceutilizingthecapturedCO2as core manufacturing material. This Project is not only unique due to its coal to natural gas conversion, but also isthefirstcommercialproductionofCarbonNanotubesutilizingCO2moleculescapturedfrompost combustion emissions.”
AboutDeltaCleanTechInc.
Delta CleanTech Inc.is a 15-year-old ESG-driven, recognized global technology leader in CO2Capture, Decarbonization of Energy, Solvent & Glycol Reclamation, Blue Hydrogen Production, and Carbon Credit Aggregation and Streaming. Delta continues to provide solutions to clients all over the world in capturing, sequestering,and reducingCO2while producinghighqualityfungible Carbon Credits.
AboutALCO Inc.
ALCOInc.designs and manufactures oil and gas processing equipment for both the Canadian and International marketplace. Product lines cover surface production equipment from wellhead to pipeline. ALCO Inc. specializes in packaged equipment, ranging from single skid units to interconnected multiple skid modules forlargergasprocessingplants, CO2captureplantsandpetrochemicalsystems.
Formoreinformationcontact:
Jeff Allison, President Phone: 306‐352-6132 Cell: 306-530-6025
E‐mail:jallison@deltacleantech.ca
ForwardLookingStatements
Thisnewsreleasecontains"forward-lookinginformation"withinthemeaningofapplicableCanadiansecuritieslegislation,which are based upon Delta’s current internal expectations, estimates, projections, assumptions and beliefs and views offutureevents.Forward-lookinginformationcanbeidentifiedbytheuseofforward-lookingterminologysuchas"expect","likely", "may", "will", "should", "intend", "anticipate", "potential", "proposed", "estimate" and other similar words,including negative and grammatical variations thereof, or statements that certain events or conditions "may", "would" or"will"happen,orbydiscussionsofstrategy.Forward-lookinginformationincludeestimates,plans,expectations,opinions,forecasts, projections, targets, guidance, or other statements that are not statements of fact. Specifically, this news releasecontains forward looking information relating to trading of the Company’s common shares on the CSE, the Company'sengagementwithinvestorsgoingforward,among others.
Any forward-looking information speaks only as of the date on which it is made, and, except as required by law, Deltadoes not undertake any obligation to update or revise any forward-looking information, whether as a result of newinformation, future events or otherwise. New factors emerge from time to time, and it is not possible for Delta to predictallsuchfactors.
TheCSEdoesnotacceptresponsibilityfortheadequacyoraccuracyofthisrelease.
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