- Thermal Energy International Inc. (TMG) has been commissioned by a meat producer to deliver a new carbon emission solution
- Thermal Energy expects its heat recovery turn-key solution to deliver a 27 per cent reduction in fuel and offset approximately 550 tonnes of carbon dioxide per year
- The order covers all engineering, manufacturing, installation, and training required for the system
- The project is expected to be completed and generating revenue within nine months
- Thermal Energy International Inc. (TMG) is up 5.88 per cent trading at $0.09 per share as of 3:17 p.m. ET
Thermal Energy International (TMG) has been commissioned by a European meat producer to deliver a ready-to-use energy efficiency and carbon emission reduction solution.
Thermal Energy expects its heat recovery turn-key solution to deliver a 27 per cent reduction in fuel and offset approximately 550 tonnes of carbon dioxide per year, the equivalent of permanently removing 115 cars from the road.
William Crossland, Thermal Energy’s CEO, commented,
“This project is an excellent example of our unique capabilities to deliver innovative solutions… With European natural gas prices now 10 times higher than usual for this time of the year, Thermal Energy’s solutions are required more than ever.”
The order covers all engineering, manufacturing, installation, and training required for the system.
The meat producer operates 15 manufacturing plants in Europe, serving 22 brands in over 43 countries. The client is committed to reducing its greenhouse gas emissions and water impacts on its supply chain, which led it to work with Thermal Energy.
“The food and beverage industry represents a large opportunity to realize significant cost savings and reduce CO2 emissions, and we’re noticing more and more organizations in this industry driving towards carbon reduction goals,” said Crossland.
The company stated the project is expected to be completed and generating revenue within nine months.
Thermal Energy International Inc. (TMG) is up 5.88 per cent trading at $0.09 per share as of 3:17 p.m. ET.