NEW YORK, NY -- 07/25/07 --
W2 Energy Inc. (PINKSHEETS: WWEN) (FRANKFURT: WJD), a developer of Green Energy, is pleased to announce that it will
build a bench scale coal-to-diesel plant at its Toronto facility. The
purpose of the plant will be to allow W2 Energy to enter into a previously
untapped market for the company. Until now W2 Energy has concentrated fully
on its biomass-to-liquid fuel plants which continue to move forward as per
W2 Energy's business plan.
Mr. Michael McLaren states, "We have received overwhelming requests to
modify our technology to efficiently gasify coal as a sole feedstock. The
officers and directors decided that it would be in the best interest of the
company to answer that demand at this time in conjunction with the
commercialization of the biomass-to-liquid fuel plant."
The plant will also act as a demonstration facility for new customers and
potential partners to view company's unique plasma technology using coal as
the feedstock.
The unit will also be used for as a blueprint for scale-up to larger
coal-to-diesel plants. Since the company's revolutionary plasma technology
is capable of zero CO2 production from the plasma assisted partial
oxidization of coal this makes the W2 plasma reactor superior to other coal
gasification technologies.
The technology is also smaller, more compact and requires less components
than traditional coal gasification processes making the capital expenditure
a fraction of the cost of competing technologies.
Mr. Michael McLaren states, "The United States has coal reserves with an
estimated 268 billion recoverable tons. If there was the possibility to
convert just 5 percent of there reserves to fuel this would equate to the
existing U.S. crude reserves of 29 billion barrels. The country could
virtually double our nation's domestic motor fuel supply without drilling a
single a well or building a new traditional oil refinery."
Coal-to-liquid fuel is already in use throughout the world, like South
Africa, where it meets 30 percent of the country's transportation fuel
needs.
In addition to being cheaper than oil, coal-to-liquid derived fuel is more
environmentally friendlier than oil as the sulfur and contaminates are
filtered out during the gasification process producing a pure hydrocarbon.
The use of our nation's coal reserves to produce fuel would also greatly
help in the country's goal to wean itself of foreign oil imports.
Safe Harbor for Forward-Looking Statements: Except for historical
information contained herein, statements are forward-looking statements
that are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements
involve known and unknown risks and uncertainties, which may cause the
company's actual results in the future periods to differ materially from
forecasted projections. These risks and uncertainties include, among other
things, energy market volatility, product demand, market competition, and
risk inherent to the company's research and development operations.
For further information, please contact:
W2 Energy Inc.
info@w2energy.com
www.w2energy.com
