W2 ENERGY INC (U-WWEN) - News Release W2 Energy Inc. Receives Off-Take Request for Organic Fertilizer Product
2006-05-19 15:30 ET - News Release
NEW YORK, May 19, 2006 (PRIMEZONE) -- W2 Energy Inc. (Pink Sheets:WWEN), a developer of green energy, is pleased to announce it has received letters of request for off-take of our fertilizer product. The organic fertilizer which is a co-product produced in the W2 "GAT" reactor will be pelletized and sold in bulk for $US200 per ton. The 10,000 barrel per day plant produces approximately 255,000 tons of organic fertilizer per year, bringing an additional $51M in sales, combined with the diesel fuel at $204M and $55M in electricity generation, producing a yearly sales number of $310.5M per 10,000 bpd plant. Combined with the need to construct seven plants to satisfy production requests for the diesel product, W2 now has requests for product totaling $2.17B US.
Mr. Michael McLaren states "We here at W2 have had overwhelming results from marketing our products to the international marketplace." He also stated, "It seems that the market has been anxiously awaiting products such as ours and will absorb whatever production we can provide."
About W2 Energy Inc.
W2 Energy Inc. is a growing, publicly traded company that develops renewable energy technologies and applies it to new generation power systems. Specifically, W2 Energy Inc.'s biomass to energy plants utilize state of the art technologies to produce green energy, both as fuel (sulfur free diesel) and electricity, at the most efficient cost in capital investment and production per/barrel, per/Megawatt.
The W2 Energy GAT reactor breaks down biomass or coal using the chemical energy stored in the biomass itself; the plasma acts as a high temperature catalyst. Unlike typical plasma reactors that utilize convection of the intense heat produced by the plasma, our GAT reactor can amazingly produce enough Syngas (H2, CO) to feed a 10,000 barrel per day synthetic diesel plant and 100 Megawatt steam turbine with a mere 4 MW input. Since our unique process works in this manner, most if not all the CO2 produced by the process is converted into carbon suboxides in the form of humic acid, and is mixed within the ash to produce high grade organic fertilizer. Therefore the process is completely C02 neutral even using coal or peat as base fuel.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.
CONTACT: W2 Energy Inc. (416) 246-1100 www.w2energy.com Posted by Prdponce on :
out
Posted by TheCreator on :
yeah i tried to get 20k when the news came out * .18 didn't fill tried .185 didn't fill and left it.
Posted by kt325ci on :
wow...that news sounds pretty good
Posted by kt325ci on :
I got lucky and grabbed some at .18. I'll hold over the weekend.
Posted by Prdponce on :
got .18 out at .20
Posted by Prdponce on :
I will wait for Monday..
Posted by tmanfromtexas on :
Good luck prd. I bought in a while back and am in the green. Good news today. Even their waste product has value. How sweet. TMAN...
Posted by Prdponce on :
quote:Originally posted by tmanfromtexas: Good luck prd. I bought in a while back and am in the green. Good news today. Even their waste product has value. How sweet. TMAN...
Good Luck to you also... I will see how it start trading on Monday... as it was on a downtrend before the news came out
Posted by MTPromises on :
Out of all of the stocks I've read about on this message board, I am most intrigued by this company.
Posted by iamfine on :
another great PR news. but, still in the letter of request. to make the deal come true, obviously the company need more work. this stock is a long term hold. full of potential.
Posted by Baxt06 on :
More good news. Gotta have some patience with this one, but looks like the sky's the limit.