SAN JOSE, CA / ACCESSWIRE / October 30, 2017 / Pacific Green Technologies Inc. ("PGT") (OTCQB: PGTK) is pleased to confirm that it has successfully completed its commissioning and emissions testing for its ENVI-MarineTM Exhaust Gas Scrubbing System on UML's "Westminster" Chemical Tanker.
The Westminster is the first system to be sold to UML by PGT under the agreement signed in December 2016 with an intent for UML to purchase up to ten systems over the following eighteen months.
American Bureau of Shipping's ("ABS") technical surveyor was in constant attendance to monitor and certify the emissions output on the ENVI-MarineTM System's performance on the UML Westminster. The tests were based upon a series of emissions tests using the Continuous Emissions Monitoring System (CEMS) onboard the ship at various operational speeds from 'Dead Slow' through to 'Navigation Full' with the ENVI-Marine System operating both in 'Open' and 'Closed' modes to monitor the emissions measurement at each speed.
PGT is very pleased to announce that the emission results on the ENVI-MarineTM were between zero sulfur detectable up to a maximum of SO2 ppm/CO2% of 0.21 for Navigate Full in Open Mode which is equivalent to an oil sulfur content of 0.005% which is 5% of the allowable limit.
PGT is also very pleased to announce that in Closed Mode at the various speeds the ENVI-MarineTM performance was between SO2 ppm/CO 2% of 0.06 and SO2 ppm/CO2 of 0.6 which is equivalent to an oil sulfur content of 0.015% which is 15% of the allowable limt.
Regulations for SECA are at a maximum sulfur emission of SO2 ppm/CO 2% of 4.3 (which is equivalent to an oil sulfur content of 0.1%).
The ENVI-MarineTM performance on UML's Westminster is a substantially better than the maximum emissions limits regulation for both SECA and IMO 2020 Regulations in either "Open or Closed Modes".
International Maritime Organization ("IMO") maximum emissions limits internationally from 1st January 2020 are a maximum sulfur emission of SO2 ppm /CO2 ppm of 21.5 which is equivalent to a fuel oil with sulphur content of 0.5%.
The system was manufactured by PGT's Joint Venture partner, Chinese Government owned POWERCHINA SPEM, in one of its leading manufacturing companies in Shanghai supervised by PGT's engineering team and installed in Bestiktas shipyard in Turkey.
Dr Neil Carmichael, Chief Executive of PGT and Chairman of Pacific Green Marine Technologies Ltd, commented, "This is another huge milestone in the company's history with PGT proving its patented technology in the marine sector as the shipping industry prepares for the IMO regulations to take force worldwide in just over two years."
Scott Poulter, Executive Director of PGT added, "The ENVI-MarineTM is perfectly suited to be retrofitted onto existing ships and coupled with PowerChina SPEM's unrivalled production capacity, PGT is uniquely positioned to become the market leader in the marine exhaust scrubbing industry."
About Pacific Green Technologies, Inc.
Pacific Green Technologies Inc. is focused on addressing the world's need for cleaner and more sustainable energy. The company's strategy is to build through organic development and acquisition, a portfolio of patented competitive cutting edge technologies designed to meet increasingly stringent environmental standards.
For more information, visit PGT's website: www.pacificgreentechnologies.com
Neil Carmichael, President and Director
Pacific Green Technologies
T: +1 (408) 538-3373
Notice Regarding Forward-Looking Statements:
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, that PGT’s emission control system has significant potential to be a market leader in China.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic conditions, and the continuation of the JV with POWERCHINA SPEM resulting in definitive agreements. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE: Pacific Green Technologies Inc.
Released October 30, 2017