DGAP-News: AsiaPac Capital Services BioGas Project to Reduce Greenhouse Gas While Generating Electricity
(firmenpresse) - Asiapac Capital Services Inc. / Product Launch
30.04.2010 16:40
Dissemination of a Corporate News, transmitted by
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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
Email: info(at)asiapaccapital.ca
investor(at)asiapaccapital.ca
30.04.2010 16:40 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Datum: 30.04.2010 - 16:40 Uhr
Sprache: Deutsch
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