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or Name
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EmberClear Corp
Symbol EMB
Shares Issued 72,518,460
Close 2012-02-13 C$ 0.96
Market Cap C$ 69,617,722
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EmberClear signs energy deal with HCERI

2012-02-14 07:14 ET - News Release

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."

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