CO2 Tech Commissioned
to Develop Anti-Global Warming Solutions for
Sakhalin II Energy
Project a Joint Venture of
Gazprom, Shell, Mitsui & Mitsubishi
LONDON, Jan. 31, 2007 (PRIME NEWSWIRE) -- CO2 Tech
(Pink Sheets:CTTD) President, Ms. Helga Schotten,
today announced that CO2 Tech, a UK-based provider
of cutting-edge, anti-global warming technology
solutions announced that CO2 was commissioned to
perform environmental effects monitoring and
analysis and develop environmental solutions to the
Sakhalin II Project, one of the largest new energy
development projects in the world today.
Sakhalin II, one of the biggest new energy
developments in the world, is a joint venture
operated by Sakhalin Energy Investment Company Ltd.
(SEIC) (owned by OAO Gazprom (Gazprom), Royal Dutch
Shell plc (Shell), Mitsui & Co., Ltd. (Mitsui) and
Mitsubishi Corporation (Mitsubishi)). Phase I of the
project produces oil from an offshore platform,
while Phase II includes two further offshore
platforms, 1800 km of pipelines and Russia's first
LNG plant. Peak production is expected to reach
180,000 barrels per day, and 9.6 million tons of LNG
per year.
The construction of Sakhalin II is the largest
inward investment in Russia and the largest
integrated oil and gas project in the world. The
objective of the Sakhalin Energy project is to
commercially develop, operate and market the huge
energy reserves in frontier and arctic environments
in Russia, for the sustainable benefit of
shareholders, the Russian Federation, the Sakhalin
Oblast and the wider community.
CO2 will conduct an environmental analysis of the
project delivery routes in terms of detrimental
effects on forests, which has a direct impact on
oxygen concentrations in the atmosphere. CO2 will
also monitor potential emissions from the project's
systems, and develop appropriate environmental
solutions to the project's partners.
The absence of existing infrastructure means it
is being built from scratch in sub-Arctic
conditions. These reserves pose huge challenges for
the oil and gas sectors. The project brings new
management techniques as the first mega-project in
the Russia Federation requiring the simultaneous
execution of several large-scale sub-projects.
You can read more about Sakhalin II at http://www.shell.com/home/Framework?siteId=envandsoc-en&FC2=/envandsoc-en/html/iwgen/projects_and_locations/sakhalin/sakhalin_26042006.html
About CO2 Tech
CO2 Tech, a UK-based company provides
cutting-edge, sophisticated anti-global warming
technologies along with a full range of expert
consulting, and environmental products and services
to businesses, industries and governments. CO2
Tech's innovative approach provides high quality,
maintenance-friendly system solutions that offer
cutting-edge technological developments and
outstanding reliability. CO2 Tech has extensive
first hand experience with all major air pollution
control equipment including air pollution control
systems, removal of fine solid particles from
gas/air units, evaporator units, reduced CO2
emission units.
CO2 Tech offers its customers the benefits of its
cutting-edge technological products, proprietary
innovations and rich experience in industrial
applications of control equipment, with petroleum,
factories, mining, metals, boilers, glass,
chemicals, woodworking, quarries, textiles and most
other heavy industries. CO2 Tech fosters strong
partnerships and alliances with leading
environmental engineering companies and research
institutions worldwide to develop, manufacture and
market high-quality instruments, systems, and
services for its clients.
You are invited to learn about CO2 Tech and the
full range of its technologies and services at our
website http://www.co2-tech.com. For more
information, please contact info@co2-tech.com or
visit us on our website at www.co2-tech.com.
Forward-Looking Statements
Certain statements in this news release may
contain "forward-looking'' information within the
meaning of the Federal securities laws. All
statements, other than statements of fact, included
in this release may include forward-looking
statements that may involve risks and uncertainties.
There can be no assurance that such statements will
be accurate and actual results and future events
could differ materially from those anticipated in
such statements. The Company undertakes no
obligation to update forward-looking statements to
reflect subsequently occurring events or
circumstances or to reflect unanticipated events or
developments.
