SEATTLE, Nov. 17, 2016 /PRNewswire/ -- ClearSign
Combustion Corporation (NASDAQ: CLIR), an emerging provider of
industrial combustion technologies that help to reduce emissions
and improve efficiency, today announced that Tricor Refining, LLC
has awarded a follow-on contract to retrofit a Duplex system into a
Cleaver-Brooks water tube boiler. The order follows ClearSign's
successful completion of a Duplex system retrofit into a vertical
process heater at Tricor.
The project will be installed by Advanced Combustion and Process
Controls, ClearSign's representative in Southern California, and is expected to reduce
emissions while improving efficiency through the elimination of
flue gas recirculation. It is expected to provide Tricor with added
steam capability to better meet their production needs while
providing Emission Reduction Credits from the local air district by
greatly reducing NOx emissions.
"We are pleased that Tricor has awarded ClearSign this
additional project and that we can deliver the performance the
customer seeks, namely reduced emissions and improved efficiency.
We are eager to meet or exceed the customer's expectations by again
delivering Best Available Control Technology level solutions that
enhance Tricor's operation and put them at the forefront of
environmental compliance," said Stephen
Pirnat, Chairman of the Board and CEO of ClearSign.
This phased project will begin with an interactive design
process with the customer. Once the design is agreed upon, then the
project will proceed to the field development stage for
installation, and start-up. The design phase is expected to take
approximately six months with installation to be subject to
Tricor's operational requirements and shut-down schedule.
Therefore, assuming customer approval of the design, this project
is expected to be completed before the fourth quarter of 2017.
Although Tricor's water tube boiler is used in oil refining, it
is part of the broader market for packaged boilers. This award
marks ClearSign's entrance into a fourth and significant market
vertical. A 2016 Market Assessment Report from Frost & Sullivan
identified packaged boilers to have a 10-year serviceable available
market of up to $1.7 billion.
Commercial installations for ClearSign's Duplex technology are also
presently underway in three other significant market verticals:
once through steam generators used in the enhanced oil recovery
industry, process heaters in the oil refining industry and wellhead
enclosed flares required in certain oil production
applications.
About ClearSign Combustion Corporation
ClearSign
Combustion Corporation designs and develops products and
technologies for the purpose of improving key performance
characteristics of combustion systems, including emissions and
operational performance, energy efficiency and overall
cost-effectiveness. Our patented Duplex™ and Electrodynamic
Combustion Control™ platform technologies enhance the performance
of combustion systems in a broad range of markets, including the
chemical, petrochemical, refinery, power and commercial/industrial
boiler industries. For more information, please visit
www.clearsign.com.
About Tricor Refining
Tricor Refining, LLC is located
in Bakersfield, California at the
site of the former Golden Bear Oil Specialties Refinery. The
refinery was purchased in 2001 by Ergon, Inc. and San Joaquin
Refining Co., Inc. The facility has been redesigned into a
processing, transloading and storage facility for elevated
temperature, non-hazardous material, petroleum products and
asphalt. Tricor offers processing capabilities for industrial
asphalt customers with its two automated asphalt blowing stills,
emulsion plant and polymer plant. Additionally, Tricor offers for
sale its well-known Golden Bear Preservation Products, SC cutback
asphalt, emulsion base stock and emulsions. With over 500,000
barrels of asphalt storage and an additional 500,000 barrels of
other petroleum product storage and 38 heated railcar unloading
spots, Tricor is able to provide economical transloading, tank
leasing to a variety of customers for their long-term or short-term
needs. Ergon, Inc. and San Joaquin Refining Co., Inc. are both
privately held refiners, processors, transporters, and marketers of
petroleum products are located in Jackson, Mississippi and Bakersfield, California, respectively. For
more information, please visit www.tricorrefining.com.
Cautionary note on forward-looking statements
This
press release includes forward-looking information and statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 and the provisions of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. Except for historical information contained in
this release, statements in this release may constitute
forward-looking statements regarding our assumptions, projections,
expectations, targets, intentions or beliefs about future events
that are based on management's belief, as well as assumptions made
by, and information currently available to, management. While we
believe that our expectations are based upon reasonable
assumptions, there can be no assurances that our goals and strategy
will be realized. Numerous factors, including risks and
uncertainties, may affect our actual results and may cause results
to differ materially from those expressed in forward-looking
statements made by us or on our behalf. Some of these factors
include the acceptance of existing and future products, the impact
of competitive products and pricing, general business and economic
conditions, and other factors detailed in our Quarterly Report on
Form 10-Q and other periodic reports filed with the SEC. We
specifically disclaim any obligation to update or revise any
forward-looking statement whether as a result of new information,
future developments or otherwise.
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SOURCE ClearSign Combustion Corporation