Xcelplus Global Holdings Inc, (XPGH.PK) announces that it has just completed a successful test of GlyCoal™ at a power plant in West Virginia.
The power plant is an 80 megawatt facility with two primary coal fired boilers that power the turbine. GlyCoal is considered a clean coal technology as it effectively reduces emission, and harmful waste by products generated by coal power production.
The GlyCoal was pumped into one of the coal boilers at a rate of ten gallons per minute which offset 10% of that boilers coal consumption. The reduced coal consumption reduced the sulfur dioxide output and waste coal CO2 output by the same ten percent level as well. This also then reduced the waste emissions such as mercury, and other harmful metals normally put into land fills or buried in old coal mines with the fly ash.
Xcelplus processes the GlyCoal a Clean Coal fuel through a subsidiary from a waste byproduct making any CO2 a renewable emission. The CO2 was the CO2 that was originally sequestered by plants.
Xcelplus holds the pending patent on the process and is now ready to take this product to market. We have the ability to deliver 500,000 gallons to a power plant today if they are ready to reduce their carbon footprint as well as offset their carbon emissions.
One power company will be paying up to 1.2 billion dollars in carbon taxes with Obama’s new cap and trade program. As a renewable energy writer just said they are shaking in their carbon boots.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although XcelPlus Global Holdings Inc believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by XcelPlus Global Holdings Inc or any other person that the objective and plans of XcelPlus Global Holdings Inc will be achieved.
