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SLUP Solucorp Industries Ltd (CE)

0.000001
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Solucorp Industries Ltd (CE) USOTC:SLUP OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

Solucorp to Test Mercury Control Technology in a U.S. Department of Energy and Utility Power Plant Industry Sponsored Project

26/07/2004 2:00pm

PR Newswire (US)


Solucorp Industries (CE) (USOTC:SLUP)
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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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