Communicators
are winners!
News
15.09.2011
Greenvironment receives initial orders from a renowned oil and gas producer
Berlin, 15th September 2011 - Greenvironment GmbH, a 100% subsidiary of Greenvironment Plc (WKN: A0YEKX / Symbol: GIV) has received orders from a well-known oil and gas producer to build two 200 kW microturbine CHP plants in Germany.
In the extraction of crude oil there is always a gaseous mixture of a wide variety of hydrocarbons (associated petroleum gas - APG). The client now intends to convert those gas volumes that accrue in its oil and gas fields into electricity as well as heat by using microturbines and thus to ensure an energetic usage.
Greenvironment is building a pilot plant that should prove that quantity fluctuating gas volumes, whose composition is variable, can be effective energetically used in microturbines. These microturbines of one power class will be operated unitized or as a power block. By changing the gas composition is also intended to determine which application scope is possible and accordingly at what effort present gas can be changed so that it can be used in microturbines. The generated electricity is primarily used for the operation of the plant. Excess electricity is fed into the grid of the local utility. The thermal energy will be used as process heat.
Matti Malkamäki, CEO of Greenvironment Plc, said: "These initial orders from a major oil and gas producer in Germany are of enormous importance for Greenvironment because it opens up many new opportunities - especially in the oil and gas sector. I am firmly convinced that our microturbine CHP plants will stand the pilot test."
"Though these are German projects, it gives us a lot of know-how about how the turbines can be used on associated petroleum gas. We have a number of similar cases waiting, not only in Germany but in Poland and Romania as an example, where similar needs do exist. The total number of possible plant sites in in our countries of operation is more than 100", adds Matti Malkamäki.
About Greenvironment
Greenvironment is a European company active in the decentralized energy generation market which plans, builds and operates cogeneration heat and power plants (CHP). The company offers CHP plants in a power range of 30 kWel to 4 MWel and is a market leader in the use of innovative microturbine technology in electricity generation from biogas and natural gas. Greenvironment is an important distribution and technology partner of Capstone Turbine Corp. (Nasdaq: CPST), the world-market leader in the production of microturbines.
Microturbines benefit from high availability, low maintenance requirements, low emissions, favourable EEG and KWKG bonus compensation and flexible heat utilization. All Greenvironment CHP plants are operated by a highly efficient centralized process management system at the operations centre in Berlin. See also the new CEO Blog in the investor relations sections of our website www.greenvironment.com.
For further information:
Matti Malkamäki
CEO Greenvironment Plc
Tel.: +49 (0)30 311 6712 30
Fax: +49 (0)30 311 6712 59
E-Mail: IR@greenvironment.com
LEGAL DISCLAIMER
This publication serves information purposes only and constitutes neither an offer to sell nor a solicitation to buy any securities of Greenvironment Plc. This press release contains forward-looking statements based on the beliefs of Greenvironment management. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements. Such statements reflect the views of Greenvironment as of the date made with respect to future events and are subject to risks and uncertainties. Many factors could cause actual results to be materially different from those projected here, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Greenvironment disclaims any intention or obligation to update these forward-looking statements.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B5754J93">http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B5754J93</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.
In the extraction of crude oil there is always a gaseous mixture of a wide variety of hydrocarbons (associated petroleum gas - APG). The client now intends to convert those gas volumes that accrue in its oil and gas fields into electricity as well as heat by using microturbines and thus to ensure an energetic usage.
Greenvironment is building a pilot plant that should prove that quantity fluctuating gas volumes, whose composition is variable, can be effective energetically used in microturbines. These microturbines of one power class will be operated unitized or as a power block. By changing the gas composition is also intended to determine which application scope is possible and accordingly at what effort present gas can be changed so that it can be used in microturbines. The generated electricity is primarily used for the operation of the plant. Excess electricity is fed into the grid of the local utility. The thermal energy will be used as process heat.
Matti Malkamäki, CEO of Greenvironment Plc, said: "These initial orders from a major oil and gas producer in Germany are of enormous importance for Greenvironment because it opens up many new opportunities - especially in the oil and gas sector. I am firmly convinced that our microturbine CHP plants will stand the pilot test."
"Though these are German projects, it gives us a lot of know-how about how the turbines can be used on associated petroleum gas. We have a number of similar cases waiting, not only in Germany but in Poland and Romania as an example, where similar needs do exist. The total number of possible plant sites in in our countries of operation is more than 100", adds Matti Malkamäki.
About Greenvironment
Greenvironment is a European company active in the decentralized energy generation market which plans, builds and operates cogeneration heat and power plants (CHP). The company offers CHP plants in a power range of 30 kWel to 4 MWel and is a market leader in the use of innovative microturbine technology in electricity generation from biogas and natural gas. Greenvironment is an important distribution and technology partner of Capstone Turbine Corp. (Nasdaq: CPST), the world-market leader in the production of microturbines.
Microturbines benefit from high availability, low maintenance requirements, low emissions, favourable EEG and KWKG bonus compensation and flexible heat utilization. All Greenvironment CHP plants are operated by a highly efficient centralized process management system at the operations centre in Berlin. See also the new CEO Blog in the investor relations sections of our website www.greenvironment.com.
For further information:
Matti Malkamäki
CEO Greenvironment Plc
Tel.: +49 (0)30 311 6712 30
Fax: +49 (0)30 311 6712 59
E-Mail: IR@greenvironment.com
LEGAL DISCLAIMER
This publication serves information purposes only and constitutes neither an offer to sell nor a solicitation to buy any securities of Greenvironment Plc. This press release contains forward-looking statements based on the beliefs of Greenvironment management. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements. Such statements reflect the views of Greenvironment as of the date made with respect to future events and are subject to risks and uncertainties. Many factors could cause actual results to be materially different from those projected here, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Greenvironment disclaims any intention or obligation to update these forward-looking statements.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B5754J93">http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B5754J93</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.