Read Larry Connors' blog – Short Term Trading Strategies
Industria e Innovazione and Envergent have signed an agreement to pursue development of an RTP facility to convert a mix of pine forest residues and clean demolition wood into pyrolysis oil, a liquid biofuel. The facility will be designed to process around 150 bone-dry metric tons per day of biomass to pyrolysis oil for the generation of renewable electricity.
Envergent will provide engineering for the facility which is projected for start-up in 2012.
"This project marks an important milestone for renewable power generation in Europe," said Mark Reno, managing director of Envergent Technologies. "A unit at Industria e Innovazione would represent a new energy option for the region that would utilize readily-available biomass residuals while offering a reduced carbon footprint."
"Compared to traditional biomass combustion technologies, RTP offers several advantages, including improved efficiency in power production, lower costs and a lower environmental impact," said Federico Caporale, CEO of Industria e Innovazione.
The RTP process works by rapidly heating biomass such as wood chips or straw at ambient pressure to generate high yields of pourable, liquid pyrolysis oil. This oil can then be burned for energy in industrial burners and furnaces for heat or used to generate electricity. Envergent Technologies is also focused on development and commercialization of technology to further refine pyrolysis oil into renewable transportation fuels like green gasoline, green diesel and green jet fuel, and plans to have the technology available for license by 2012.
Envergent Technologies is a joint venture of UOP and Ensyn Corp. It combines nearly 100 years of refining and process technology development from UOP, a Honeywell company, and more than 25 years of pyrolysis technology experience from Ensyn Corp. RTP is currently in use in seven commercial biomass processing plants in the U.S. and Canada.
Ensyn is a world leader for the production of pyrolysis oil from biomass and has more than 20 years of commercial experience with its RTP technology. It produces pyrolysis oil for various natural chemical and fuel products in seven commercial biomass plants in the US and Canada.
Honeywell's UOP is a leading international supplier and licensor of process technology, catalysts, adsorbents, process plants, and consulting services to the petroleum refining, petrochemical, and gas processing industries. It has been active in the development and licensing of renewable fuel technologies since 2006 and currently offers technology for the production of green diesel fuel and green jet fuel.
Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.
This release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on management's assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by our forward-looking statements. Our forward-looking statements are also subject to risks and uncertainties, which can affect our performance in both the near- and long-term. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.
SOURCE UOP, a Honeywell company
http://www.uop.com
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
