PURE ENERGY NEWS!!!
New York, Oct. 3 /PRNewswire/ -- Pure Energy Corporation announced today
that it signed a five year research and development services agreement with
the Tennessee Valley Authority (TVA). Under the R&D agreement, TVA will
assist Pure Energy Corporation in developing chemical and biological
conversion systems to produce fuel and chemicals from virgin and waste paper,
agricultural waste and wood waste (cellulosic biomass).
Pure Energy's fuel is a unique blend of ethanol, natural gas
liquids and a
co-solvent. Both ethanol and the co-solvent are expected to be derived from
a
renewable resource, cellulosic biomass. The fuel is non-petroleum and as
much
as 70% percent renewable.
The agreement covers fuels newly developed by Pure Energy and fuel
formulations it is commercializing under the terms of its exclusive license
granted by Princeton University. Discussions between the two companies began
with the exchange of confidentiality agreements in June 1997.
Pure Energy CEO Merrick Andlinger said that the scope of work to be
undertaken in conjunction with TVA, which operates one of the nation's most
respected research laboratories at its Environmental Research Center,
complements the pilot plant project PEC is undertaking with Arkenol, Inc. in
Orange, CA.
"We are confident that today's agreement with TVA, will provide
Pure
Energy with a great deal of flexibility in developing production systems,
feedstocks and chemical products," said Andlinger.
He noted that the work will be performed at TVA's laboratory and
20,000 square foot pilot plant facility in Muscle Shoals, AL and is expected
to be supported by recognized experts from leading national research
universities, as well as from other national laboratories and commercial
technology development centers.
The Tennessee Valley Authority provides economical solutions to
unique
complex environmental problems facing business and industry in the Tennessee
Valley, the nation, and the international community. TVA has been involved
in
the development of fuels from cellulosic biomass for more than 20 years.
Pure Energy, with offices in New York and California, is involved
in the
formulation and production of alternative and bio-based fuels. It has the
exclusive worldwide license from Princeton University to commercialize a
cleaner burning alternative fuel developed at Princeton. In May, the US
Patent Office allowed claims covering the fuel.
CO: Pure Energy Corporation; Tennessee Valley Authority
ST: New York, Tennessee
IN: OIL UTI ENV
SU:
To edit your profile, go to keyword NewsProfiles.
For all of |
