HTC News

 

 Feb. 24, 2010

 

HTC Purenergy Inc. Launches New Alberta Carbon Capture Commercial Initiative

Calgary, Alberta – February 24, 2010 - HTC Purenergy (“HTC”) (TSX-V: HTC), Canada’s National Champion of Carbon Capture & Storage (“CCS”) technology, today announced the launch of its new business development and engineering team. The new commercial Calgary location will be dedicated to the marketing and sales of HTC’s complete line of CCS, and enhanced oil recovery services, including HTC’s modular Purenergy CCS® Systems. Market focus will be the oil and gas industry, as well as other industries located across Western Canada and the Western U.S. corridor stretching down to Texas.
 
Jessie Inman, Executive Director of Corporate Development for HTC, and Allan Hart, Head of Strategic Business Development will lead the HTC Calgary operations.  Both Jessie and Allan bring a wealth of knowledge and experience in the CCS industry to these markets.  Having recently spent 5 years in Australia developing carbon dioxide (CO2) capture technology for the oil and gas industry, they recently returned to Canada, because they believed that there was a “change in the CCS climate” happening in Alberta, and were anxious to be a part of it.

“Our Calgary based executive team will position us in the Western Canada markets to be leaders in capturing CO2 for enhanced oil recovery (“EOR”) or for long-term geological storage,” said Lionel Kambeitz, Chairman and Chief Executive Officer. HTC has been developing its modular CO2 capture system since early 2007. Much of the technology within this advanced post combustion amine system rests on decades of research and development in Regina, Saskatchewan involving HTC in cooperation with the University of Regina.

HTC’s technologies have been incorporated into engineering projects in Europe and the United States. The company is looking forward to providing this proven technology to meet the unique demands for CO2 capture, transportation, and storage in Alberta and other North American locations. 

Ms. Inman stated, “I am excited to be a part of this growing industry that is of such importance to Alberta and North American oil producers.  HTC’s Purenergy CCS® System offers a common sense, phased approach to reducing a company’s emissions.  With our modular design, we can add additional CO2 capture units at regular intervals to allow operators to meet their emission reduction targets by 2020. It’s an approach that makes sense to industry and to government regulators,” she said.  “It spreads out capital expenditures instead of having to make a single substantial upfront investment in very large facilities that must be constructed in the field.”
   
About HTC Purenergy:

HTC Purenergy Inc. (HTC: TSX-V) is a publicly traded energy technology company that is commercializing Carbon Capture and Carbon Management Technologies for power generation, fuel processing and other industrial carbon emitter facilities. The captured CO2 will also help produce more oil from end of life oil reservoirs through “EOR” techniques. HTC has strategically aligned with, and licensed its CO2 capture technologies to world leading energy infrastructure processor Doosan Babcock Energy Limited and Doosan Heavy Industries & Construction Co., Ltd.

 For more information contact:

Jeff Allison,                                                                                                                                      
HTC Purenergy                                                                   
Telephone: (306) 352-6132                                              
Fax:           (306) 545-3262                                                 

E-mail:  jallison@htcenergy.com                                                 

                                              

 
HTC Purenergy corporate developments can be followed on www.htcenergy.com and is traded under the symbol HTC