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Air Products and Alter NRG Sign Renewable Energy JDA (posted 2/20/09)

February 20, 2009
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Air Products and Alter NRG Corp. recently announced the signing of a joint development agreement (JDA) to pursue renewable energy opportunities in North America and Europe. The non-exclusive agreement gives Air Products the right to license and incorporate Alter NRG’s proprietary Westinghouse plasma gasification technology for use in renewable energy projects. Air Products will initially focus on developing energy facilities that will use various forms of renewable feedstock to generate syngas, a mixture of hydrogen and carbon monoxide, for power, heat or steam generation.

The agreement includes provisions for the two companies to collaborate on the integration of Alter NRG’s plasma gasification technology with the balance of equipment, including Air Products’ oxygen enrichment and syngas treatment technology, necessary to construct renewable energy facilities.

“We have been looking at various technologies that meet our renewable energy technology strategy and are pleased to enter into this JDA with Alter NRG,” said Kevin Murphy, director of Gasification Business Development at Air Products. “We believe our capabilities fit nicely with Alter NRG’s, and their gasification technology meets our requirements of being both sufficiently proven and of a scale suitable for industrial energy production. This agreement will help Air Products move toward its objective of providing sustainable energy by turning renewable feedstock into an energy-generating solution.”

According to Mark Montemurro, president and chief executive officer of Alter NRG, “Having Air Products as a strategic collaborator provides many benefits. As a Fortune 500 company, they have the capability-both financially and operationally-to construct commercial facilities. As a leader in industrial gases, equipment and engineering, they provide synergistic equipment and expertise to reduce overall operational and construction risk. The combination of the Westinghouse plasma technology with Air Products’ experience and operation capabilities provides for exciting opportunities ahead.”

For more information, visit www.airproducts.com or www.alternrg.ca.

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