Evergreen Energy Praises White House and Congressional Commitments to Address Climate Change
January 23 2007 - 8:01PM
PR Newswire (US)
Refined Coal Can Help States and Industry Meet Clean Air Mercury
and Clean Air Interstate Rules - Carbon Avoidance Is Better Than
Sequestration DENVER, Jan. 23 /PRNewswire-FirstCall/ -- Evergreen
Energy Inc. (NYSE:EEE), a leader in providing cost effective
solutions for energy and environmental needs, today voiced its
support for bipartisan efforts echoed by President Bush and Members
of Congress to tackle global climate change, and urged policymakers
to consider innovative technologies, such as refined coal, that are
available today to immediately begin curbing greenhouse gas and
mercury emissions. Evergreen Energy uses a commercial proprietary
process to produce K-Fuel(R), a refined coal that burns with
greater energy efficiency and lower emissions than raw, low-rank
coal. "Concerted efforts to address climate change, improve energy
security and push new energy technologies have come to the
forefront as witnessed by both the President's State of the Union
address and during the Democrats' 'First Hundred Hours' legislative
initiative," said Mark Sexton, chairman and CEO of Evergreen
Energy. "Our nation is facing heightened energy and environmental
concerns and it is our corporate responsibility to find effective
and innovative solutions to protect our environment and harness our
domestic energy reserves with advanced technology. It is better to
avoid generating the greenhouse gas rather than emitting it and
then having to sequester it, and we believe refined coal is an
important solution -- one that is available today." Although the
Clean Air Interstate and Clean Air Mercury rules touched on by the
President call for states and industry to meet new standards for
mercury and other emissions over the next decade, refined coal's
improved environmental performance, including up to 70-percent
reductions in mercury, can be achieved today. Stakeholders in the
energy debate and consumers understand that coal is, and will
continue to be, our nation's most abundant and available energy
resource. Currently, more than 50 percent of domestic electricity
comes from coal-fired power plants, and new coal-fired generating
plants are proposed in many parts of the world. An attractive
commercial product, refined coal, such as Evergreen Energy's
K-Fuel(R) product, improves coal before it is burned, resulting in
a cleaner and more efficient energy source. K-Fuel(R) is chemically
and physically altered by temperature and pressure in a
pre-combustion process using raw, low rank, high-moisture coal
found in abundance in the western U.S. Due to higher water content,
this type of coal is less efficient, but Evergreen can now extract
up to 70 percent of the moisture before it is burned, increasing
the energy output. As a result, each ton of refined coal consumed
will produce less CO2 per kilowatt-hour generated, helping to
address greenhouse gas emissions. Additionally, depending on the
source of the raw coal, the refined K-Fuel(R) coal has reduced
mercury by up to 70 percent, and upon combustion has substantially
reduced sulfur dioxide and nitrogen oxide emissions. "We must
realize that coal will be part of any short-term and long-term
energy solution. As such, our nation needs to adopt technologies
that emphasize carbon avoidance as well as carbon capture and
sequestration," added Sexton. "We can solve the problem before it
becomes a problem if we make coal cleaner before it is burned, and
we need to do this today. Evergreen Energy looks forward to working
with utility companies, industrial customers and regulators, as
well as federal and state policymakers, to bring available
solutions such as K-Fuel(R) to more and more markets, and to
address climate change and CO2 concerns." About Evergreen Energy
Inc. Evergreen Energy Inc. refines coal into a cleaner, more
efficient and affordable solid fuel that is available today to meet
the growing energy demands of industrial and utility customers
while addressing important environmental concerns. 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, Paul
Jacobson, VP, Corporate Communications, both of Evergreen Energy
Inc., +1-303-293-2992 Web site: http://www.evgenergy.com/
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