Evergreen Energy Inc. Signs Agreements for K-Direct Coal Refineries With Two Major Utilities
December 27 2006 - 8:15AM
PR Newswire (US)
K-Fuel Increases Coal's Energy Efficiency and Reduces Power Plant
Emissions DENVER, Dec. 27 /PRNewswire-FirstCall/ -- Evergreen
Energy Inc. (NYSE:EEE) has signed Agreements with two major
utilities to advance the integration of several K-Direct coal
refineries in both existing and new coal power plants. The
Agreements signed in December 2006 call for the parties to proceed
with engineering, design and test burns of applicable coals for the
specific plants. The company will provide further details in
January. "We are pleased that K-Direct coal refineries are a key
part of the energy, economic, and environmental balance necessary
to meet today's and future energy demands," said Mark Sexton,
chairman and CEO of Evergreen Energy. "While many other clean
energy concepts for coal-fired power plants remain unproven and are
many years away from being commercially and technically viable, the
technology in K-Direct facilities is proven and ready to be
integrated with existing and future coal plants." Evergreen &
K-Direct Background Using a proprietary process involving steam and
pressure, Evergreen Energy refines a wide range of sub-bituminous
and lignite (low-rank) coals into K-Fuel(TM), a more efficient coal
that provides more energy with lower emissions and improves the
performance of post-combustion emission control technologies. Under
the K-Direct concept, a K-Fuel(TM) coal refinery located next to an
existing power generating station can use the station's secondary
steam as a power source, return to the station large amounts of
water produced by the K-Fuel(TM) refinement process and permit the
utility to use a wide range of lower cost coals. For example, when
compared to coal from Wyoming's Powder River Basin, K-Fuel(TM) has
approximately 30 percent more Btu's per pound with an approximate
70 percent reduction in mercury, and upon combustion significant
reductions in sulfur dioxide, nitrous oxides and carbon dioxide on
a "per kilowatt-hour generated" basis. About Evergreen Energy Inc.
Evergreen Energy is leveraging a vertically integrated, coal-based
platform to deliver combined energy, environmental and economic
solutions, producing cleaner, efficient and affordable energy.
Evergreen Energy is meeting the specific needs of vital industrial,
international and public utility market customers. Our proprietary
K-Fuel(TM) process uses heat and pressure to physically and
chemically transform high moisture, low Btu coals into a more
energy efficient, lower emission fuel. A co-benefit of the
K-Fuel(TM) process is the removal of significant amounts of mercury
and reductions in the emissions of carbon dioxide, sulfur dioxide
and nitrogen oxides. Visit http://www.evgenergy.com/ for more
information. Available Topic Expert(s): For information on the
listed expert(s), click appropriate link. Mark Sexton
http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=54474
DATASOURCE: Evergreen Energy Inc. CONTACT: Analysts and Investors,
Karli Anderson, Director, Investor Relations, or Media and Public
Affairs, Paul Jacobson, VP, Corporate Communications, both of
Evergreen Energy Inc., +1-303-293-2992 Web site:
http://www.evgenergy.com/
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