Mr. Albert Lin reports
EMBERCLEAR SIGNS ENERGY AGREEMENT AT WASHINGTON, D.C. CEREMONY
EmberClear Corp. signed a historic energy agreement with China's Huaneng
Clean Energy Research Institute (HCERI) on Monday.
The agreement, a technology licence, enables EmberClear to develop a new
low-emissions plant producing gasoline or diesel fuel from coal in the
United States. The project could create approximately 1,000 jobs in the
U.S. and obtaining a technology licence achieves a required milestone
for such a facility to be built.
The United States Chamber of Commerce hosted officials from the Ministry
of Commerce People's Republic of China and the U.S. Department of
Commerce to witness the signing in Washington.
"The White House and the Chinese government both see the immense value
of EmberClear's agreement with HCERI, not only in terms of the jobs it
will help support, but more importantly, it is the cleaner energy we'll
be able to provide to Americans in addition to the improved energy
security," said Albert Lin, chief executive officer of EmberClear.
The plant is intended to generate gasoline or diesel transportation fuel
for sale in the United States. The use of this new advanced
thermal-chemistry technology allows the production of such fuels with
lower emissions than traditional refineries using crude oil.
"This partnership is a strong example of how American energy companies
can work with Chinese partners to provide new lower emission energy
solutions while simultaneously creating jobs here in America," Mr. Lin
said. "The impressive track record of Chinese investment and technical
achievement in this field has given rise to a surge of global demand
for this type of clean energy technology from other countries,
utilities and consumers sensitive to climate change."
China and the U.S. have some of the world's largest coal reserves and
both governments are seeking energy independence solutions. These
countries have tremendous technologies for making coal a far better --
and cleaner -- energy source.
"The world is primed to take advantage of China's investments and
deployments of technologies converting coal to all sorts of energy
sources with far lower emissions," Mr. Lin said. "In particular, making
electric power and gasoline. Both will create thousands of construction
jobs and bring in billions of dollars to the region where our plant
will operate for many years."
We seek Safe Harbor.
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