02 Jun Q2Power Technologies Comments on New EPA Regulations Mandating Methane Emission Reductions
LANCASTER, OH–(Marketwired – Jun 2, 2016) –Q2Power Technologies Inc. (OTCQB: QPWR) commented today on recently finalized Environmental Protection Agency (EPA) regulations that target methane emissions from the oil and natural gas sector. The new rules aim to reduce methane emissions, a greenhouse gas up to 35 times as potent as carbon dioxide, from the oil and gas sector by 40 to 45 percent from 2012 levels by 2025. Methane producing sites are key customer targets for Q2Power’s combined heat and power (CHP) technology and other waste management solutions.
“We believe that the regulations enacted by the EPA are a positive step forward, and should be followed by greater measures and incentives to limit emissions and increase beneficial usage of methane at waste water treatment plants and landfills,” stated Christopher Nelson, CEO of Q2Power. “Q2P is focused not only on limiting the release of methane into the atmosphere, but just as important, harnessing this renewable energy source to off-set other carbon dioxide producing power generation activities.”
Q2Power is instituting a two-step approach to achieving this mission. First, the company’s proprietary CHP technology is specifically suited to convert methane into power and heat at small-scale waste water treatment plants. According to the EPA, there are 10 billion gallons per day of waste water flow at facilities that produce and flare methane. If these facilities were to employ a CHP system, approximately 225 megawatts of electric capacity could be produced, and a total of 2.3 million metric tons of carbon dioxide emission reductions can be achieved annually, equivalent to planting approximately 640,000 acres of forest or the emissions of approximately 430,000 cars.
Second, in cooperation with a leading company in the composting sector, Q2P seeks to convert bio-solids from waste water treatment plants into Class A agricultural compost and engineered soils for the construction and infrastructure sectors — products that help conserve water, reduce pollution, and create the foundation for economic growth. This cash-flowing business model provides a beneficial option for water treatment facilities that would otherwise landfill their waste. Landfills are the United States’ third largest source of methane emissions, according to the EPA; and therefore, reducing the volume of organic waste being placed in landfills is a critical step to reducing methane emissions.
“Our strategy is simple — use methane to produce power and heat, and convert methane-producing landfilled waste into beneficial reuse products. We believe we can do this in a manner that provides needed efficiencies to municipal owned water treatment plants, generates consistent revenue for our company, and value growth for our shareholders,” Mr. Nelson added.
About Q2Power: Q2Power seeks to become a leading provider of waste management services for small-scale waste water treatment plants and other producers of methane and organic waste. Q2Power’s current combined heat and power (CHP) technology can be deployed with minimal time and expense at thousands of small-scale facilities that must dispose of waste such as methane, biogas and other used fuels at increasingly greater costs and regulatory burdens. Through an association with ERTH Products, Q2Power also can convert bio-solid waste from water treatment plants into beneficial reuse products such as Class A compost and engineered soils. Q2Power installed its first power system this summer at an Ohio wastewater treatment plant and is on track to deploy commercial units and bio-solid solutions to meet customer demand in 2016.
For more information about Q2Power, please visit: www.q2p.com
Legal Notice Regarding Forward-Looking Statements: This news release contains “Forward-looking Statements”. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to our ability to fully commercialize our technology, risks associated with changes in general economic and business conditions, actions of our competitors, the extent to which we are able to develop new products and markets, the time and expense involved in such development activities, the ability to secure additional financing, the level of demand and market acceptance of our products, and changes in our business strategies.
Arthur Douglas and Associates
Christopher Nelson, CEO