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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells -- Ignore unavailable to you. Want to Upgrade?

To: John Curtis who wrote (3682)	1/18/1999 4:25:00 PM
From: Hawkeye	Read Replies (1) \| Respond to of 5827

From Reuters: Monday January 18, 10:30 am Eastern Time Company Press Release SOURCE: Society of Automotive Engineers Getting Methanol to Neighborhood Pumps is the Next Challenge, According to SAE Congress Paper WARRENDALE, Pa., Jan. 18 /PRNewswire/ -- With an estimated two million methanol fuel cell vehicles on highways by 2010 and 35 million by 2020, global automakers are keeping their promise to manufacture affordable zero or near-zero emissions vehicles while retaining liquid fuel convenience. Now, neighborhood ''gas stations'' are faced with the next challenge -- providing convenient refueling for methanol-powered vehicles. Two researchers at the American Methanol Institute (AMI) will detail how U.S. and foreign service stations can reach this goal in a SAE paper to be presented at the 1999 SAE International Congress and Exposition, March 1-4, 1999 in Cobo Center, Detroit, Michigan. Raymond A. Lewis and Gregory A. Dolan of AMI will state that for less than two U.S. dollars per person, a state or nation the size of California (30 million people) can install methanol pumps in one of every 10 retail stations. ''California has the largest network of methanol fueling stations,'' said Lewis. ''About 100 stations serve 15,000 vehicles. With California's experience in building methanol fueling stations, an existing gas station can add methanol for about $50,000.'' Methanol fuel cell vehicles are likely to be introduced in California, New York and Massachusetts -- states requiring Zero-Emission Vehicles sales by 2003. Germany and Japan, highly populated, pollution-conscious countries, are also expected to be first to fuel up with methanol. To convert 10 percent of existing fueling stations in these five regions, AMI estimates costs of $500 million. Methanol converts 38 percent of its useful energy, compared to gasoline's 19 percent. The researchers who wrote ''Looking Beyond the Internal Combustion Engine: The Promise of Methanol Fuel Cell Vehicles,'' (SAE paper # 1999-01-0531) will discuss their findings at the SAE International Congress & Exposition, 10 a.m., March 2, Room W2-65, Cobo Center, Detroit, Michigan. The SAE Congress is the world's largest showcase of automotive engineering technologies. For further information or to register for SAE Congress, call 1-877-SAECONG (723-2664); outside U.S./Canada, 1-724-772-4027; or visit www.sae.org. SOURCE: Society of Automotive Engineers