Thermal Energy commences energy recovery system at US fine paper mill
OTTAWA, April 23, 2008 (CNW) - Thermal Energy International Inc. is pleased to announce it has been engaged to commence work for a major FLU-ACE(R) energy recovery system at a fine paper mill in the north eastern United States.
The first phase of the project for the client, a multinational forest products company, is the detailed design and engineering work which serves to confirm the implementation costs and financial benefits from the energy savings generated through waste heat recovery to offset fossil fuel use. A preliminarily study for the customer in 2007 estimated the capital investment of a FLU-ACE(R) energy recovery solution at approximately $3 million with a simple payback of less than 1.5 years.
Initial estimates of energy savings and environmental benefits show the project would reduce fossil fuel consumption by over 50,000 barrels of oil per year in the mill's hog boilers. This would reduce emissions annually by more than 25,000 tons of CO2 and more than 120 tons of SO2 - equivalent to permanently removing over 5,700 automobiles from the road.
A preliminary study for the future implementation of a DRY-REX(TM) low temperature biomass drying system has also been completed at the customer's site which indicated even greater energy savings could be achieved through the low temperature drying of the mill's biomass feedstock to further reduce fossil fuel use and reduce emissions.
We look forward to commencing this initial stage to confirm our projections and moving forward to implement and deliver the financial and environmental benefits of this very important project for our customer," said President and CEO Tim Angus. "Our preliminary studies show that very significant financial and environmental benefits can be derived from the implementation of both FLU-ACE(R) and DRY-REX(TM) projects at this site."
Upon completion, this would be the second FLU-ACE(R) installation on a dissolving tank exhaust, which promises to become a significant new market for Thermal's unique technology Thermal Energy has identified hundreds of repeatable applications available across North America and Europe.
These types of projects provide a very positive impact on productivity, corporate social responsibility and the bottom line for paper manufacturers," said Mr. Angus. "Thermal Energy also provides our customers with attractive financial options leveraging our technology solutions, which have spurred a growth in demand for our expertise."
