W2 Energy Initiates Plans to Develop Two Acres of Recently Purchased Property for its Algae Bio Reactor Development Of Its Patent Pending SunFilter To Expand Plans To Market Food, Nutraceutical and Bio- Fuel Markets
GUELPH, Ontario, March 15, 2012 /PRNewswire/ -- W2 Energy, Inc. (OTC: WTWO) is pleased to announce that it has begun procedures for the development of its recently purchased property for the purpose of utilizing its patent pending algae bio reactor the SunFilter.
As previously reported, W2 Energy made a patent application for its SunFilter algae bio reactor in March 2010. The SunFilter is a low cost, scalable reactor that has high productivity capabilities. It also uses less water, has less harmful contamination and maximizes the sequestering of carbon dioxide and other feed gases. The SunFilter is W2 Energy's second generation model and has optimum light distribution because of the diameter of the tubes and its novel construction. The modular system can be built from one unit (cell) to multiple units occupying many acres.
Plans call for the initial construction of six 5,000 sq. ft. greenhouses for the purpose of using the SunFilter to farm, harvest and distribute nutraceutical grade algae for the food, health and bio-fuel markets. Algae will be cultivated from the CO2 generated by the combustion laboratory that is currently being manufactured.
In a press release dated June 10, 2011, W2 Energy reported that it had begun construction of its new combustion laboratory and installed a NT Plasmatron system running a 50 Kilowatt steam ray which will be fed by bio mass as a feed stock. The CO2 gases emitted from the combustion laboratory will be used as fuel to farm the high grade algae.
To date, billions of dollars are being spent on virtually every continent for the research and development of algae. Algae, a multi-billion dollar industry worldwide, is mostly known for its rich content in nutrients and oil, as well as, its food and health benefits. However, most recently, algae has been looked at as a source of bio-fuel.
Recently, President Obama talked with students at the University of Miami about algae as potentially one of the most productive ways to address our fuel needs as the price of gas continues to rise.
To see President Obama's speech go to: http://www.youtube.com/watch?v=xbjdXxJLgLw&feature=related
In the U.S., a national alliance of scientists led by a U.S. Dept. of Energy national lab is focusing on producing bio-crude oil from algae. Experiments aimed at producing bio-fuel from algae are currently being conducted worldwide because algae can be cultivated anywhere and grow very quickly.
In January 2012, The Munich Technical University (TUM) in Germany announced the development of a new catalytic process that they say allows the effective conversion of bio-petroleum from microalgae into diesel fuels. The process was presented in the most recent issue of the German journal Angewandte Chemie (Applied Chemistry).
Mike McLaren, W2 Energy President and CEO, stated, "We are very pleased with the progress we have made with our SunFilter algae bio reactor system. A tremendous effort has been made by our engineers to insure that we have both the ability and opportunity to tap into the multi-billion dollar algae industry. Upon completion of this project, we are confident that this segment of our business will not only have a positive impact on our company, but will eventually lead us to new prosperous business ventures." He also stated, "Right now we have several exciting projects in sight for the near future and we look forward to keeping our shareholders abreast as these situations unfold."
The Company plans on funding the project through a combination debt and equity financing.
To see the SunFilter algae bio reactor go to: http://www.youtube.com/watch?v=WBmAo7EQoFI&feature=related
To see "Turning algae into fuel" go to: http://www.youtube.com/watch?v=PoiAKcIls6s&feature=related
About W2 Energy:
W2 Energy, Inc. develops renewable energy technologies and applies it to new generation power systems. Specifically, W2 Energy's plasma assisted 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. W2 Energy, Inc. has seasoned management, cutting edge technology and owns a large technology portfolio of patents and know-how that has been extensively validated and ready for commercial production.
For more information on W2 Energy please see: www.w2energy.com
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of W2 Energy, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond W2 Energy, Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in W2 Energy, Inc.'s filings with the Securities and Exchange Commission.
For further information please contact:
W2 Energy Public Relations and Shareholder Information
Mr. Joseph Vazquez
Phone: (754) 204-4549
SOURCE W2 Energy, Inc.