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