For Immediate Release 18 January, 2007
QuestAir to supply PSA to recover by-product hydrogen from petrochemical plant
VANCOUVER, B.C. – QuestAir Technologies Inc. (AIM: QAR; TSX: QAR) announced today that it has received an order valued at approximately CDN $0.7 million for a QuestAir H-3100 pressure swing adsorption (“PSA”) system to recover waste hydrogen from a petrochemical plant in Odessa, Texas.
QuestAir’s PSA will recover hydrogen from a by-product stream, producing purified hydrogen for re-use in the petrochemical plant. In addition, excess product hydrogen from the recovery process will be compressed for sale to third party ‘merchant’ customers.
The H-3100 will replace an existing ‘conventional’ PSA plant that has reached the end of its useful life. A leading industrial gas company will integrate QuestAir’s PSA with compression and storage equipment at a facility adjacent to the petrochemical plant.
Jonathan Wilkinson, President and CEO of QuestAir said, “Demand for hydrogen is growing dramatically in the oil refining and petrochemical industries, and the recovery of waste hydrogen is an important source of hydrogen to meet this growing demand. QuestAir’s PSA systems offer a cost-effective solution for recovering hydrogen from a range of industrial waste streams, including chlor-alkalai offgas, ethylene cracker offgas and various hydrogen-containing streams in the oil refining industry.”
About QuestAir H-3100
QuestAir’s H-3100 PSA product (formerly marketed under the HyQuestor® brand) 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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UK media contact:
Charles Ryland
Ben Willey
Buchanan Communications
Phone: +44 (0) 20 7466 5000 |
Canadian media contact:
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Karyo Communications
Phone: (001) 604-623-3007 |
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Canaccord Adams:
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Erin Needra
Phone: +44 207 050 6500 |
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