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.
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".
SOURCE EmberClear Corp.
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