EcoloCap Expects to Finalize Testing on 60 kW CAT Diesel Genset in Detroit by Mid-November
November 06, 2012 08:30 ET
EcoloCap Expects to Finalize Testing on 60 kW CAT Diesel Genset in Detroit by Mid-November
BARRINGTON, ILLINOIS--(Marketwire - Nov. 6, 2012) - EcoloCap Solutions Inc. (OTCQB:ECOS)
Michael Siegel, President and CEO of EcoloCap stated: "By the end of November we should finish testing of the 25% water blend M-Fuel on a 60kW CAT Genset as a follow-up to our preliminary test of a few weeks ago. We expect to show a 22% + reduction in diesel consumption and a minimum 85% reduction in particulate emissions, which surpasses the minimum expectations of our client for the electricity generation market. To estimate the size of this market, over 1 trillion (1,000,000,000,000) watts of electricity is generated each year by diesel or heavy fuel oil (HFO) worldwide. An NPU-60 produces 18,000 gallons per day, or enough fuel to power approximately 700,000 kilowatts of electricity. Many of the Diesel/HFO power installations will soon be required to reduce emissions and costs of operation. To put things into a realistic perspective, within two years ECOS expects to sell 18 NPU-60s to obtain 1% of the market, or 100,000,000 gallons per year. This represents reccurring yearly gross revenue of $25,000,000 per year in additive sales. The use of M-Fuel will reduce or eliminate the need for pollution control methods and at the same time reduce costs substantially. Parallel testing starts on the delivering of M-Fuel samples to Great Britain and Ireland by mid-November."
EcoloCap is also negotiating with an Austrian energy commodity trading group to start testing M-Fuel on HFO for large maritime applications. Testing will serve to determine whether M-Fuel, with its increased viscosity, could prevent engine failures caused by low sulfur HFO ([ http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Shipping/6707376 ]). Other available options (such as adding lubricity additives to the HFO and other distillates, or scrubbers to control emissions while burning high sulfur fuel oil, or even switching to burning liquefied natural gas) may take some time to become cost-effective enough to be practical, whereas M-Fuel could be implemented immediately and also reduce costs substantially.
Additionally, Jeung Kwak, EcoloCap Chairman will be meeting Ukrainian officials in Korea at the end of November to finalize projects that will utilize ECOS technologies."
M-Fuel is a post-refinery fuel technology that processes hydrocarbon-based heavy oils (kerosene, diesel and bunker) in proprietary, patented devices that employ electro-mechanical/chemical means to generate a fuel/H2O emulsion.
Any HFO (crude, bunker A, B, C, diesel or kerosene) can be used as the feedstock to produce M-Fuel. Independent testing has demonstrated: a) a significantlarge reduction in emissions (NOx and Particulate Matter; b) reduction in fuel consumption and cost; and c) reduction in maintenance and downtime -- all while utilizing existing distribution infrastructures and compatible with existing diesel, turbines and furnaces. M-Fuel offers increased fuel range options and very short return on cost of equipment.
About the Company:
EcoloCap Solutions Inc. (OTCQB:ECOS) is focused on technology that utilizes advanced nanotechnology to design, develop, manufacture and sell alternative energy products. [ http://www.EcoloCap.com ].
Forward-looking statement:
This press release may contain statements of a forward-looking nature regarding future events. These statements are only predictions, and actual events may differ materially. Please refer to documents that EcoloCap Solutions Inc. files from time to time with the Securities and Exchange Commission for a discussion of certain factors that could cause actual results to differ materials from those contained in the forward-looking statements.