For Immediate Release 22 December, 2006
QuestAir supplies system to recover hydrogen from ethylene cracker offgas in Brazil
BURNABY, B.C. – QuestAir Technologies Inc. (AIM: QAR; TSX: QAR) announced today that it has received an order valued at approximately CDN $0.6 million for a QuestAir H-3100 hydrogen purifier to recover hydrogen from ethylene cracker offgas at a petrochemical plant in Brazil.
QuestAir’s H-3100 system will recover hydrogen from offgas produced by an ethylene cracker being installed in a new linear low density polyethylene (LLDPE) plant located near São Paulo, Brazil. The high-purity hydrogen product from QuestAir’s H-3100 will be used in the production of polyethylene.
Jonathan Wilkinson, President and CEO of QuestAir said, “Ethylene cracker offgas is an important source of cost-effective hydrogen to meet the burgeoning demands for hydrogen in the petrochemical industry, and we are excited by the growth prospects for QuestAir’s hydrogen recovery systems in this application. The advanced H-6200 hydrogen purifier that we have developed in collaboration with ExxonMobil Research and Engineering Company is targeted specifically at larger capacity applications in this market.”
“In addition, this is our first sale into Latin America, which represents a significant growth market for QuestAir.” Wilkinson said.
About QuestAir H-3100
QuestAir’s H-3100 pressure swing adsorption (PSA) product purifies gas streams containing hydrogen to high-purity hydrogen for use in a range of industrial and petrochemical processes. QuestAir’s PSA process and proprietary rotary valve technology deliver higher efficiency than conventional PSA systems in a more compact, cost-effective package. Since 1997, QuestAir has sold over 30 H-3100 plants to customers in Europe, Japan and North America.
About QuestAir Technologies Inc.
QuestAir Technologies, Inc. is a developer and supplier of proprietary gas purification systems for several large international markets, including existing markets such as oil refining, biogas production and natural gas processing, and emerging markets such as fuel cell power plants and fuel cell vehicle refueling stations. QuestAir is based in Burnaby, British Columbia and its shares trade on the AIM Market of the London Stock Exchange Plc. and on the Toronto Stock Exchange under the symbol “QAR”.
Certain statements in this press release may constitute ‘‘forward-looking’’ statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, such statements use such words as “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, ‘‘may’’, ‘‘will’’ and other similar terminology. These statements reflect current expectations regarding future events and operating performance and speak only as of the date of this press release. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements.
For further information, please contact:
QuestAir Technologies Inc.
Andrew Hall
Director, Corporate Development
Phone: (001) 604-453-6967
Email: hall@questairinc.com
Web: www.questairinc.com |
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