Verditek PLC Key milestone for Westec Environmental Solutions (7864X)

TIDMVDTK

RNS Number : 7864X

Verditek PLC

29 November 2017

29 November 2017

Verditek PLC

("Verditek" or the "Company")

Westec Environmental Solutions, a Verditek PLC affiliated company, successfully passes a key milestone with its CO(2) capture technology in Norway

Verditek plc, (AIM: VDTK), the clean technology company, announces that its group company Westec Environmental Solutions ("WES"), SINTEF (Norway's largest research institute for energy and climate technology) and one of Canada's CMC Research Institutes, the Carbon Capture & Conversion Institute (CMCRI CCCI), have reached a key milestone on a collaborative project to deliver a step change improvement in CO(2) capture technology efficiency.

The project, focused on reducing the cost of capturing carbon from industrial processes, is being supported by Gassnova SF, the Norwegian state's Carbon Capture and Storage enterprise, with a US$2.2 million matching grant through their CLIMIT Programme (the Norwegian research programme for accelerating the commercialisation of Carbon Capture and Storage).

WES' patented absorption technology, which comprises a uniquely developed contactor, offers new solutions that optimise the mass transfer of gas/liquid for industrial emissions/control and for CO(2) capture. WES' technology aims to make CO(2) capture affordable by delivering performance improvements that will translate into significant capital and operational cost savings for utility companies, refineries and cement kiln operators.

The pilot-scale project has today passed a key milestone, successfully completing the initial testing phase, using independent testing at the SINTEF facility in Norway. The next and penultimate phase of the project will comprise solvent optimisation, process modelling, contactor optimisation, and pilot-scale validation, followed by scale-up to full industrial volumes. As a result, WES is discussing a possible licensing agreement of its technology with a Canadian customer.

Geoff Nesbitt, Chairman of Verditek PLC said: "We are extremely pleased with the performance of the WES contactor technology, which validates the WES concept. The WES contactor delivers a significant performance improvement over conventional technologies. We look forward to the prospect of commercialising the WES technology through our potential licensing partner."

Enquiries:

 
Verditek plc 
                                                [phone] 
 Geoffrey Nesbitt (Non-Executive Chairman)      1110 
 Theodore Chapman (Chief Executive Officer)     [e-mail] 
Stockdale Securities Limited (NOMAD 
 and Broker) 
Antonio Bossi                                 [phone] 
 Hanan Lee                                     6100 
 
                                                [phone] 
                                                715 
Yellow Jersey PR (PR & IR)                      [phone] 
 Georgia Colkin                                 882 
 Harriet Jackson                                [phone] 
 Henry Wilkinson                                336 
 

Notes to Editors

Verditek plc

AIM listed Verditek plc is a holding company with three businesses operating within the clean technology sector. The Company has a unique liquid gas absorption technology expected to revolutionise the global CO(2) capture industry; two solar manufacturing production lines in San Marino each of 25MWp (total 50MWp) producing what is believed to be an innovative and un-paralleled solar PV building material; and a pioneering filtration deodorisation technology, which is commercially proven and tackles a wide range of odours within air and water at a high efficiency.

For more information please visit or contact the following: https://www.verditek.plc.uk/

Westec Environmental Solutions (WES)

Verditek plc holds a 23.64% stake in WES, with an option to increase it to 51%. The WES Absorber provides powerful new solutions for all applications where gas/liquid absorption or scrubbing occurs.

The WES Absorber froth column is unlike any currently available gas/liquid absorber.

The WES Absorber creates a micro-froth matrix that dramatically intensifies mass transfer. This micro-froth matrix mass transfer provides a remarkable increase in absorption surface area compared to conventional gas/liquid absorbers.

The WES Absorber differs from conventional absorption technology by utilizing co-current absorption, rather than counter current. With this, WES is able to operate at gas velocities far in excess of those tolerated in conventional gas/liquid absorbers, without significant solvent losses through entrainment and flooding. The efficiency of the WES process increases with increasing gas velocity- a characteristic truly unique to WES.

SINTEF Materials and Chemistry Institute (SINTEF)

SINTEF Materials and Chemistry institute (SINTEF) offers high levels of expertise in the fields of materials technology, advanced materials and nanotechnology, applied chemistry and biotechnology.

Gassnova SF

The state enterprise Gassnova works with the development of technology for the capture, transport and storage of CO(2) through the research programme CLIMIT and through the Technology Centre at Mongstad (TCM). Gassnova coordinates and follows up work on full-scale CO(2) management in Norway and is an adviser to the Norwegian Ministry of Petroleum and Energy for questions concerning CCS.

CMC Research Institutes - Carbon Capture & Conversion Institute

The Carbon Capture and Conversion Institute (CCCI) accelerates the development, piloting, scale-up and validation of new carbon capture and conversion technologies. As the world's industrial economies move toward decarbonization, there is an escalating need to push next generation carbon capture and conversion research from early stage to full-scale implementation. The CCCI was created to deliver solutions by providing experts and facilities to help research and pilot new technologies.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 29, 2017 02:00 ET (07:00 GMT)