Clean Energy Pathways Teams With Mid-Atlantic Soybean Association to Promote Biodiesel for Co-Firing Utility Boilers
January 11 2012 - 9:02AM
Clean Energy Pathways, Inc. (Pink Sheets:CPWY) has received early
support for its concept to co-fire coal utility boilers with liquid
biofuel, forming an alliance with the Mid-Atlantic Soybean
Association to promote the solution for utilities complying with
EPA's Renewable Portfolio Standards (RPS), Renewable Fuel Standard
(RFS2), Mercury and Air Toxics Standards (MATS) and Cross-State Air
Pollution Rule (CSAPR).
"The challenges to coal as a utility fuel can be partially
addressed with a renewable fuel that's good for American producers
and our economy, using a product made here, grown here," said Larry
Breech, President of the Mid-Atlantic Soybean Association
(http://www.midatlanticsoy.org). "The utility industry has already
announced that approximately 60 coal-fired units will be shutdown
because of the new EPA rules. Based on the data we have seen,
biofuel co-firing can help reduce the cost and technical impact for
meeting the new EPA standards, and give utilities a near-term
solution at minimal cost, compared to retrofitting with upgraded
controls. This alternative from American farmers is very appealing,
and it will help make coal a viable fuel for utilities well into
the future."
According to Clean Energy Pathways Marketing Director Jon
Chynoweth, biodiesel can be used for flame stabilization, start-up
or as a component to be co-fired with coal. "Use of biodiesel can
also reduce boiler maintenance costs," he added. "Liquid biofuels
reduce soot and slag buildup on boiler tubes, which improves heat
transfer efficiency, maintenance and operating costs."
"Our association sees this as highly complementary to other
markets for our products, creating opportunities for many more
people and our economy," Breech added. "We have discussed this at
the national level, and plan to take it forward in measured
steps."
Clean Energy Pathways markets custom-blended biofuels for use as
a Btu-substitute in coal-fired utility furnaces and diesel-powered
equipment. Available as B20, B100 or other custom blends, the fuels
meet the EPA's RFS2 mandate for use of renewable fuel, and create
carbon tax credits. These fuels also qualify for the Renewable
Electric Producer Tax Credit of 2.2 cents per kilowatt, or 22 cents
per gallon based on 10 kilowatts per gallon.
About Clean Energy Pathways
Clean Energy Pathways, Inc. is a company focused on multiple
solutions to aid businesses and government facilities in attaining
energy independence, reduced costs, and a cleaner environment.
These pathways to energy independence include bio-fuels, solar
systems, building energy management systems and other technologies,
as well as financing of and gain-sharing in, the improvements. For
more see cleanenergypathways.com
Forward-Looking Statements
This press release contains "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, and such forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Such statements are subject to risks and
uncertainties that could cause future results to differ materially
from the forward-looking statements. You should consider these
factors in evaluating the statements herein, and not rely on such
statements. The forward-looking statements in this release are made
as of the date hereof and Clean Energy Pathways, Inc. and Atlas
Capital Holdings, Inc. undertake no obligation to update such
statements.
Contact:
Harrison Parrish, 866-492-5325
investor@cepathways.com
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