01:40:26 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Thermal Energy International Inc
Symbol TMG
Shares Issued 161,885,616
Close 2019-08-21 C$ 0.055
Market Cap C$ 8,903,709
Recent Sedar Documents

Thermal Energy receives $1.4M heat recovery system job

2019-08-22 09:54 ET - News Release

Mr. William Crossland reports

THERMAL ENERGY PROVIDES THE 'FORMULA' FOR ENERGY EFFICIENCY WITH GLOBAL NUTRITION COMPANY

Thermal Energy International Inc. has been commissioned by a multinational food products corporation to install a turnkey, energy-saving heat recovery system.

The Flu-Ace heat recovery project, valued at approximately $1.4-million, is designed to improve efficiency and reduce emissions at the manufacturer's infant milk processing plant. Upon commissioning, it will recover and reuse energy currently lost through the boiler's exhausts, to provide heat for the pasteurizing, fermentation and drying processes on site.

The project is part of a company-wide commitment to improving energy efficiency and minimizing emissions, with the installation expected to deliver both pollution prevention and pollution control. Analysis shows it could improve fuel use by up to 12 per cent, equating to an annual energy saving of up to $570,000. Carbon emissions will also be reduced by up to 2,610 tonnes, as will end-of-pipe particulate matter by between 50 per cent and 90 per cent. This is the second energy-saving initiative the site has embarked on with Thermal Energy, the first being a full site conversion to the company's high-efficiency, low-maintenance Gem steam traps in 2017.

Originally, the manufacturer was looking to recover energy from the dryers located on site. However, due to the level of heat required and emitted by the boilers, Thermal Energy's calculations showed a better return on investment would be achieved by installing a specially designed Flu-Ace system on the boiler exhausts. Final sign-off for the project was secured following site visits to observe the technology in operation at both a brewery and a hospital facility.

"This project, with one of the five largest global food and nutrition manufacturers, is a clear example of how adaptable our propriety products are for a range of applications. At the same time, it demonstrates how we apply our engineering expertise across a variety industries and applications to determine the optimal project for the customer," said William Crossland, chief executive officer of Thermal Energy.

"The commission combines our extensive experience in both the dairy and medical nutrition sector and highlights the diversity of the food and beverage processing market as a whole. This is something we are harnessing as part of our strategic growth strategy, with the sector holding significant potential across the full range of Thermal Energy's solutions including Flu-Ace, Gem, Heatsponge and Dry-Rex."

The scope of this order covers all design, construction, installation, commissioning and training for the system. The project is expected to be completed and revenue earned within nine months.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.