HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF) today announced that HTC’s patented extraction technology has been selected to supply extracted CO2 for the prestigious $20 million NRG COSIA Carbon Xprize competition. According to the update, the four-and-a-half-year global Xprize competition challenges teams to transform the way the world addresses carbon dioxide (“CO2”) emissions through breakthrough circular carbon technologies that convert carbon dioxide emissions from power plants into valuable products. Ten teams from five countries were selected to advance to finals after passing a first-round evaluation based on the amount of CO2 converted into products, as well as the economic value, market size and CO2 uptake potential of those products. In the finals, teams must demonstrate at a scale that is at least 10 times greater than the semifinals requirements at one of two purpose-built industrial test sites. HTC has been selected to provide the extracted CO2 for the Alberta Carbon Conversion Technology Centre (“ACCTC”), test facility, and has custom designed the HTC CO2 Extraction plant to provide the required CO2 as well as the flexibility for future CO2 extraction testing requirements. The plant is being engineered and fabricated with HTC partner ASCO CO2, with expected delivery of the CO2 Extraction Plant by April 2020.
To view the full press release, visit http://nnw.fm/8vuAu
About HTC Extraction Systems
HTC Extraction Systems has developed and optimized proprietary technologies designed for biomass extraction, distillation and purification of ethanol and ethanol-based solvents used for the hemp-biomass and cannabidiol (“CBD”) industry as well as gas and liquid extraction. HTC’s extraction and purification systems are engineered to large scale to reduce capital and operating costs while delivering superior performance measured by reduced energy usage, lowered emissions and improved quality of the product produced. For more information, visit the company’s website at www.HTCExtraction.com.
NOTE TO INVESTORS: The latest news and updates relating to HTC are available in the company’s newsroom at http://nnw.fm/HTC
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork.
