GUELPH, Ontario, March 15, 2012 /PRNewswire/ -- W2 Energy,
Inc. (OTC: WTWO) is pleased to announce that it has begun
procedures for the development of its recently purchased property
for the purpose of utilizing its patent pending algae bio reactor
the SunFilter.
As previously reported, W2 Energy made a patent application for
its SunFilter algae bio reactor in March
2010. The SunFilter is a low cost, scalable reactor that has
high productivity capabilities. It also uses less water, has less
harmful contamination and maximizes the sequestering of carbon
dioxide and other feed gases. The SunFilter is W2 Energy's
second generation model and has optimum light distribution because
of the diameter of the tubes and its novel construction. The
modular system can be built from one unit (cell) to multiple units
occupying many acres.
Plans call for the initial construction of six 5,000 sq. ft.
greenhouses for the purpose of using the SunFilter to farm, harvest
and distribute nutraceutical grade algae for the food, health and
bio-fuel markets. Algae will be cultivated from the CO2 generated
by the combustion laboratory that is currently being
manufactured.
In a press release dated June 10,
2011, W2 Energy reported that it had begun construction of
its new combustion laboratory and installed a NT Plasmatron system
running a 50 Kilowatt steam ray which will be fed by bio mass as a
feed stock. The CO2 gases emitted from the combustion laboratory
will be used as fuel to farm the high grade algae.
To date, billions of dollars are being spent on virtually every
continent for the research and development of algae. Algae, a
multi-billion dollar industry worldwide, is mostly known for its
rich content in nutrients and oil, as well as, its food and health
benefits. However, most recently, algae has been looked at as a
source of bio-fuel.
Recently, President Obama talked with students at the
University of Miami about algae as
potentially one of the most productive ways to address our fuel
needs as the price of gas continues to rise.
To see President Obama's speech go to:
http://www.youtube.com/watch?v=xbjdXxJLgLw&feature=related
In the U.S., a national alliance of scientists led by a U.S.
Dept. of Energy national lab is focusing on producing bio-crude oil
from algae. Experiments aimed at producing bio-fuel from algae are
currently being conducted worldwide because algae can be cultivated
anywhere and grow very quickly.
In January 2012, The Munich
Technical University (TUM) in Germany announced the development of a new
catalytic process that they say allows the effective conversion of
bio-petroleum from microalgae into diesel fuels. The process was
presented in the most recent issue of the German journal Angewandte
Chemie (Applied Chemistry).
Mike McLaren, W2 Energy President
and CEO, stated, "We are very pleased with the progress we have
made with our SunFilter algae bio reactor system. A tremendous
effort has been made by our engineers to insure that we have both
the ability and opportunity to tap into the multi-billion dollar
algae industry. Upon completion of this project, we are
confident that this segment of our business will not only have a
positive impact on our company, but will eventually lead us to new
prosperous business ventures." He also stated, "Right now we have
several exciting projects in sight for the near future and we look
forward to keeping our shareholders abreast as these situations
unfold."
The Company plans on funding the project through a combination
debt and equity financing.
To see the SunFilter algae bio reactor go to:
http://www.youtube.com/watch?v=WBmAo7EQoFI&feature=related
To see "Turning algae into fuel" go to:
http://www.youtube.com/watch?v=PoiAKcIls6s&feature=related
About W2 Energy:
W2 Energy, Inc. develops renewable energy technologies and
applies it to new generation power systems. Specifically, W2
Energy's plasma assisted biomass to energy plants utilize state of
the art technologies to produce green energy both fuel (sulfur free
diesel) and electricity at the most efficient cost in capital
investment and production per/barrel, per/Megawatt. W2 Energy, Inc.
has seasoned management, cutting edge technology and owns a large
technology portfolio of patents and know-how that has been
extensively validated and ready for commercial production.
For more information on W2 Energy please see:
www.w2energy.com
Safe Harbor
This release contains statements that constitute forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These statements appear in a number of places
in this release and include all statements that are not statements
of historical fact regarding the intent, belief or current
expectations of W2 Energy, Inc., its directors or its officers with
respect to, among other things: (i) financing plans; (ii) trends
affecting its financial condition or results of operations; (iii)
growth strategy and operating strategy. The words "may," "would,"
"will," "expect," "estimate," "can," "believe," "potential" and
similar expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, many of which are beyond W2
Energy, Inc.'s ability to control, and that actual results may
differ materially from those projected in the forward-looking
statements as a result of various factors. More information about
the potential factors that could affect the business and financial
results is and will be included in W2 Energy, Inc.'s filings with
the Securities and Exchange Commission.
For further information please contact:
W2 Energy Public Relations and Shareholder Information
Mr. Joseph Vazquez
Phone: (754) 204-4549
Email:
infinityglobalconsulting@gmail.com
SOURCE W2 Energy, Inc.