NEW YORK, May 12, 2006 (PRIMEZONE) -- W2 Energy Inc. (Pink Sheets:WWEN) a developer of green energy, is pleased to announce it is submitting an offer to purchase a working coal fired plant in a location to be disclosed at a later date. The plant which presently provides approximately 100MW of coal fired power will be converted into a combination Diesel fuel and electricity plant using peat and biomass as fuel. Once in production the plant would generate $110.00 dollars per MWh as it would qualify as renewable green energy totaling $95M in green electric power generation alone. Once the GTL portion of the plant is complete the total plant revenue would be approximately $336M per year. Mr. Michael McLaren states "This is a tremendous opportunity for us at W2 Energy as it will defiantly speed up our time to market for our diesel product." He also stated "We are actively looking for other opportunities like this that will cut our construction time and allow us to deliver our products faster."
About W2 Energy Inc.
W2 Energy Inc. is a growing, publicly traded company that develops renewable energy technologies and applies it to new generation power systems. Specifically, W2 Energy Inc.'s biomass to energy plants utilize state of the art technologies to produce green energy both fuel (sulfur free diesel) and electricity at the most efficient cost in capital investment and production per/barrel, per/Megawatt.
The W2 Energy GAT reactor breaks down biomass or coal using the chemical energy stored in the biomass itself, the plasma acts as a high temperature catalyst. Unlike typical plasma reactors that utilize convection of the intense heat produced by the plasma, our GAT reactor can amazingly produce enough Syngas (H2, CO) to feed a 10,000 barrel per day synthetic diesel plant and 100 Megawatt steam turbine with a mere 4 MW input. Since our unique process works in this manner most if not at all the CO2 produced by the process is converted into Carbon suboxides in the form of humic acid and is mixed within the ash to produce high grade organic fertilizer. Therefore the process is completely C02 neutral even using coal or peat as base fuel.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.