Solucorp to Test Mercury Control Technology in a U.S. Department of Energy and Utility Power Plant Industry Sponsored Project
July 26 2004 - 9:00AM
PR Newswire (US)
Solucorp to Test Mercury Control Technology in a U.S. Department of
Energy and Utility Power Plant Industry Sponsored Project FT.
LAUDERDALE, Fla., July 26 /PRNewswire-FirstCall/ -- Solucorp
Industries (OTC:SLUP) announced today that it has contractually
joined the consortium of members interested in the combustion of
subbituminous coal. The Consortium, organized by the Energy and
Environmental Research Center (EERC), consists of and is funded by
a select group of major utilities and engineering firms and is
co-sponsored and partially funded by the U.S. Department of Energy
(DOE) National Energy Technology Laboratory. EERC will conduct and
evaluate Solucorp's MOLECULAR BONDING SYSTEM (MBS(R)) a potentially
cost- effective mercury control technology for utility power plants
emitting mercury into the air. Tests will be conducted on a pilot
unit at EERC in next thirty (30) days. Solucorp's MOLECULAR BONDING
SYSTEM (MBS(R)) technology has been successfully proven in the
treatment of mercury and other heavy metals in contaminated soils
and sludges. The overall objective of this EERC will be to
identify, test, and evaluate applicability of this and other
innovative mercury control technologies to subbituminous coal-fired
power plants. The final results from all the tests are expected in
November 2004. Rich Runco newly appointed President of Solucorp
Industries said, "We are pleased to join this consortium of some of
the world's foremost authorities on environmental mercury control
technologies in the effort to eliminate the health and
environmental hazards associated with these emissions. We believe
that participation in the EERC/DOE program will showcase Solucorp's
mercury control technology as a superior mercury emission
remediation technology and look forward to forming important
relationships as a result of this participation in this EERC/DOE
sponsored program." Mercury is an immediate concern for the U.S.
electric power industry because of the Environmental Protection
Agency (EPA's) December 2000 decision that regulation of mercury
from coal-fired electric utility steam-generating units. The "EPA
Mercury Study Report to Congress" (1997) and the "Utility Hazardous
Air Pollutant Report to Congress" (1998) both identified coal-fired
boilers as the largest single category of non-controlled sources of
atmospheric mercury emissions in the United States, accounting for
about one- third of the total anthropogenic emissions. The U.S. EPA
estimates that coal- fired power plants in the United States emit
96,000 pounds every year of mercury. Cost estimates for mercury
control for power plants range from $30,000 to $70,000 per pound of
mercury. About Solucorp Industries SOLUCORP
(http://www.solucorpltd.com/) an innovative developer of superior
metals remediation technologies. The Company develops
environmentally friendly technologies for the treatment and
prevention of hazardous heavy metal contamination of waste streams.
Solucorp owns two patents on its Molecular Bonding System (MBS(R))
technology, has applied for several patents including bullet traps,
projectiles, paint strippers and filter material with its IFS
technology and has received a notice of allowance from the Patent
Trademark Office (PTO) for the main IFS patent application. For
investor information, visit: http://www.otcfn.com/slup. The
foregoing discussion contains forward-looking statements, which are
based on current expectations. Actual results, including the timing
and amount of revenues recognized, contracts awarded and performed
and net income may differ due to such factors as: delays in payment
on contracts due to dealings with governmental and foreign
entities; fluctuations in operating costs associated with changes
in project specifications; economic and other conditions affecting
the ability of prospective clients to finance projects; and other
risks generally affecting the financing of projects. In March 2003,
Solucorp settled a civil action by the SEC the details of which can
be found on the SEC website, as such investors are cautioned to
perform a proper due diligence and consult licensed professionals
prior to making an investment decision. This Press Release has been
review for content by the Environmental Research Center and the
U.S. Department of Energy, National Energy Technology Laboratory.
FOR: SOLUCORP INDUSTRIES LTD. CORPORATE CONTACT:
http://www.solucorpltd.com/ Brian Binckes 913-685-4530 DATASOURCE:
Solucorp Industries CONTACT: CORPORATE CONTACT: Brian Binckes of
SOLUCORP INDUSTRIES LTD., +1-913-685-4530 Web site:
http://www.solucorpltd.com/ http://www.otcfn.com/slup
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