Vencor International Receives Purchase Order to Produce 3,000 Tons of Bio-Coal
Order Follows Successful Testing of Product
(firmenpresse) - BOULDER, CO -- (Marketwired) -- 01/15/15 -- VENCOR INTERNATIONAL, INC. (OTC PINK: VCOR) announced today that it has received a Purchase Order to produce 3,000 tons of Bio-Coal.
Bio-coal is a renewable energy product produced from timber waste using technology called torrefaction. Torrefaction is a partial carbonization process at temperatures between 475 - 575 degrees F (200 - 400 degrees C) in a low oxygen environment. The physical and energetic properties of the biomass are then much more comparable to conventional coal. The torrefaction process has the added benefit of reducing or eliminating undesirable volatiles, such as nitrous oxides and sulfur dioxides in the Bio-coal. Bio-coal is considered carbon neutral to the environment. The key property that makes Bio-coal attractive for co-firing in existing coal-fired power stations is its superior grind ability compared to untreated or fresh biomass.
Vencor International is in the business of providing torrefied wood products to customers around the world. Bio-coal is a special type of torrefied wood. The current order is for 3,000 tons of Bio-coal and is valued at approximately $600,000. Vencor is scheduled to start production on this order for its client, Vega Biofuels, Inc. later this month.
Vencor recently announced that it had entered into an Agreement to purchase the exclusive rights to torrefaction equipment manufactured by Virginia-based Torretherm. The Agreement with Torretherm increases the Company's production capacity to meet the growing demand for its torrefied products.
James Gaspard, CEO of Vencor International, Inc., stated, "The order from Vega will be the first order we will manufacture using the Torrretherm torrefaction machine. The Torretherm deal allows us to produce various torrefied wood products much cheaper than any other torrefaction technology. We are excited about this deal and look forward to working with Vega Biofuels to meet their production needs. We anticipated receiving this order once the testing of our product was accepted late last year."
For more information about Vencor International, Inc., visit the Company's corporate website: vencorintl.com.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "plan," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
CONTACT:
Vencor International, Inc.
303-476-9998
vencorintl.com
(at)vencorintl
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Datum: 15.01.2015 - 14:20 Uhr
Sprache: Deutsch
News-ID 364711
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BOULDER, CO
Kategorie:
Coal
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