CALGARY, Feb. 19, 2013 /CNW/ - EmberClear Corp. (TSXV:
EMB) ("EmberClear" or the "Company") is pleased to
announce its subsidiary, EmberClear GTL MS Inc. ("EmberClear
GTL"), has completed the technical feasibility study for a
natural gas to liquids project (the "Project") in
Natchez, Mississippi. It is
anticipated that if the Project proceeds it will be capable of
producing 4,000 tons of methanol per day or 14,000 barrels of
gasoline per day.
Abundant natural gas supplies in North America can produce high value
transportation fuels using proven technologies. This Project's
proximity to competitively priced sources of natural gas and the
Gulf Coast petrochemical complex creates the potential for
attractive pricing, efficient access to markets and multiple modes
of transportation.
"It is our intent to take advantage of the
recently available long-term natural gas contracts and address the
desire for more domestic energy. The USA may continue to import oil for decades but
facilities like ours could potentially reduce such imports while
providing lower cost energy," stated Nick
Cohen, Chief Operating Officer.
EmberClear has access to an 800-acre site along
the Mississippi River. "This site is served by American Midstream's
Midla pipeline system that intersects three interstate gas
pipelines providing us with the option to source gas from virtually
anywhere in Texas and Louisiana, as well as parts of Oklahoma," added Cohen. "The site also
provides access to the power grid, the Natchez Port facility, a
statewide rail system, and a 40 million gallon per day water
treatment facility operated by the City
of Natchez.
The previously announced Swatara property in northeastern Pennsylvania is also being evaluated for a
natural gas to liquids project. This site is in close proximity to
existing natural gas production from the Marcellus Shale region,
rail-to-port access and a gasoline pipeline that connects to a
distribution center in the region.
EmberClear is also the developer of two 300 MW
natural gas combined cycle ("NGCC") power projects, located
in Good Spring, Pennsylvania. The
plants are intended to serve the USA's largest electric power market, the
PJM. The Company has completed all major milestones related
to Good Spring NGCC 1 and is
currently evaluating proposals for construction financing.
Construction is expected to proceed in the fourth quarter of 2013.
EmberClear continues to work on securing the necessary permits for
Good Spring NGCC 2.
About EmberClear
EmberClear is a global energy development
company specializing in low-emission, commercial scale energy
projects. The Company is primarily focussed on natural gas in
the United States as an input to
create electricity, industrial chemicals and transportation fuels.
We utilize our proven expertise in permitting, site-control, and
engineering feasibility to create turnkey projects with contracted
returns suitable for long-term owners and operators of long-life
capital assets. EmberClear's shares are listed on the TSX Venture
Exchange under the trading symbol "EMB".
For more information please visit
www.emberclear.com.
Forward-Looking Statement
Disclaimer
Certain statements contained in this document
constitute forward-looking statements or information (collectively
"forward-looking statements") within the meaning of applicable
securities legislation. Forward-looking statements are typically
identified by words such as "anticipate", "continue", "estimate",
"expect", "forecast", "may", "will", "project", "could", "plan",
"intend", "should", "believe", "outlook", "potential", "target",
"seek", "budget", "predict", "might" and similar words suggesting
future events or future performance. All statements other than
statements of historical fact may be forward-looking
statements. In particular, this document contains
forward-looking statements pertaining to, without limitation, the
following: statements about the gas to liquids ("GTL") production
rates; our intention and ability to finance, construct and secure
long term off-take contracts for methanol, gasoline or power and
gas supply for GTL or natural gas combined cycle ("NGCC") plants or
other energy projects on the property which would economically
create liquids or power from natural gas; to obtain and maintain
permits; to build state of the art liquids or power facilities;
access to markets; and demand for energy and transportation
fuels. With respect to forward-looking statements contained
in this document, we have made assumptions regarding, among other
things, the following: the economic viability of a GTL project, the
suitability of these site for GTL projects, access to natural gas,
power, rail and water treatment facilities, the economic viability
of a NGCC project, natural gas pricing; favourable market
conditions for natural gas power plants; positive trends in capital
markets for natural gas projects; stable investment conditions in
North America; maximizing value of
the natural gas project for shareholders; the benefit of site
proximity to natural gas supply, pricing and access to markets;
attracting appropriate financial participants; and the timing of
construction. Although we believe that the expectations
reflected in the forward-looking statements contained in this
document, and the assumptions on which such forward-looking
statements are made, are reasonable, there can be no assurance that
such expectations will prove to be correct. Readers are cautioned
not to place undue reliance on forward-looking statements included
in this document, as there can be no assurance that the plans,
intentions or expectations upon which the forward-looking
statements are based will occur. By their nature, forward-looking
statements involve numerous assumptions, known and unknown risks
and uncertainties that contribute to the possibility that the
predictions, forecasts, projections and other forward-looking
statements will not occur, which may cause our actual performance
and financial results in future periods to differ materially from
any estimates or projections of future performance or results
expressed or implied by such forward-looking statements.
These risks and uncertainties include, among other things, the
following: the possibility that the property will not prove to be
suitable for a gas to liquids project or that EmberClear will not
have the financial or other resources to develop, construct or
operate a GTL, NGCC or other project; the possibility that
EmberClear will not be able to take advantage of the market trends
such as the availability and price of natural gas, gasoline,
methanol and electricity pricing. Readers are cautioned that this
list of risk factors should not be construed as exhaustive.
The forward-looking statements contained in this document speak
only as of the date of this document. Except as expressly required
by applicable securities laws, we do not undertake any obligation
to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
The forward-looking statements contained in this document are
expressly qualified by this cautionary statement.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
© 2013 EmberClear Corp.
All rights reserved. All other trademarks are the property of their
respective owners.
SOURCE EmberClear Corp.
