(firmenpresse) - Asiapac Capital Services Inc. / Product Launch
30.04.2010 16:40
Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement.
Toronto, Canada - (For immediate release) - April 30, 2010
AsiaPac Capital Services Ltd.: Deutsche Börse symbol: 5AP (www .asiapaccapital.ca), is pleased to advise that its subsidiary, Asiapac Green Renewable Energy Corp. reports that construction of its first biogas project in the Philippines is proceeding on schedule. Excavation for the anaerobic treatment tank is almost complete, and construction of the side walls is well under way.
When complete, the treatment tank will process animal waste from 300 sows and 200 cows. When operational, the project will divert greenhouse gas emissions from the animal waste and convert the captured methane into electrical power to run the farm.
Methaneis the second largest contributor to greenhouse gasses that can be attributed to man's activity. Importantly, methane gas is twenty times more effective than carbon dioxide at trapping heat in the atmosphere. Of the 300 million tons of methane that we generate each year, about one fourth is from domestic animals. The methane generated by the manure fermentation of five pigs is enough to cook three hot meals each day for an average family.
Cow dung gas is 55-65% methane, 30-35% carbon dioxide, with some hydrogen, nitrogen and other traces. The manure produced by one cow in one year can be converted to methane equivalent to over 50 gallons of gasoline. Thus, the methane harvested from the cow manure alone on this project will be in the order of nearly 2.25 million cubic feet of natural gas a year or the
equivalent of 10,000 gallons of gasoline.
Additionally, the remaining sludge that will be treated by the processor is an excellent fertilizer. It will be practically odourless, entirely free of harmful bacteria, and much richer in nitrogen than manure composted in an open-air heap.
Company President, Mr. Samuel Lee, advises; 'We are committed to bringing renewable energy into thePhilippine market, in line with government policy. This project, unlike our mini-hydro stations, has the added benefit of diverting greenhouse gas emissions while generating electricity. We anticipate that there will be significant excess electricity that can be fed back into the national grid from this project, while at the same time, providing for all the electrical needs of our client.'
Disclaimer&Safe Harbor Statement: This release may contain certain 'forward-looking statements' with respect to certain of AsiaPac Capital Services Ltd.'s plans, goals and expectations regarding its future financial condition, performance, results, strategy and objectives. Words such as 'anticipates', 'expects', 'intends', 'plans', 'believes', 'seeks', 'estimates', 'may', 'could', 'would', 'might', 'will' and variations of these words or similar expressions are intended to identify forward-looking statements. In addition, any statements that refer to expectations, beliefs, plans, projections, objections, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements in this press release are not promises or guarantees of future performance and are subject to risks and uncertainties that could cause AsiaPac Capital Services Ltd.'s actual results to differ materially from those anticipated. AsiaPac Capital Services Ltd. cautions the reader not to place undue reliance upon any such forward-looking statements. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed herein as well as the following: (i) domestic and global economic and business conditions; (ii) market related risks and the performance of financial markets generally; (iii) the policies and actions of regulatory authorities; (iv) the impact of competitive factors; (v) risks and uncertainties associated with future acquisitions or combinations within relevant industries; and (vi) changes in capital, solvency or accounting standards as well as tax and other relevant legislation or regulations in the jurisdictions in which AsiaPac Capital Services Ltd. operates. The actual results that AsiaPac Capital Services Ltd. achieves may differ materially from any forward-looking statements which are based on management's beliefs and opinions at the time the statements are made. AsiaPac Capital Services Ltd. does not undertake any obligation to update forward-looking statements should circumstances or management's beliefs or opinions change.
For further information please contact: AsiaPac Capital Services Ltd. Suite 3500 Hudson Bay Center No. 2 Bloor Street East Toronto ON M4W 1A8
30.04.2010 16:40 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
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