PURE ENERGY ANNOUNCES
R&D AGREEMENT WITH
TENNESSEE VALLEY AUTHORITY
For Immediate Release
New York, NY -- (October 03, 1997) -- Pure Energy Corporation announced
today that it signed a five year research and development services
agreement with the Tennessee Valley Authority (TVA). Under the R&D
agreement, TVA will assist Pure Energy Corporation in developing
chemical and biological conversion systems to produce fuel and chemicals
from virgin and waste paper, agricultural waste and wood waste
Pure Energy's fuel is a unique blend of ethanol, natural gas liquids and
a co-solvent. Both ethanol and the co-solvent are expected to be
derived from a renewable resource, cellulosic biomass. The fuel is
non-petroleum and as much as 70 percent renewable.
The agreement covers fuels newly developed by Pure Energy and fuel
formulations it is commercializing under the terms of its exclusive
license granted by Princeton University. Discussions between the two
companies began with the exchange of confidentiality agreements in June
Pure Energy CEO Merrick Andlinger said that the scope of work to be
undertaken in conjunction with TVA, which operates one of the nation's
most respected research laboratories at its Environmental Research
Center, complements the pilot plant project PEC is undertaking with
Arkenol, Inc. in Orange, CA.
"We are confident that today's agreement with TVA, will provide Pure
Energy with a great deal of flexibility in developing production
systems, feedstocks and chemical products," said Andlinger.
He noted that the work will be performed at TVA's laboratory and 20,000
square foot pilot plant facility in Muscle Shoals, AL and is expected to
be supported by recognized experts from leading national research
universities, as well as from other national laboratories and commercial
technology development centers.
The Tennessee Valley Authority provides economical solutions to unique
complex environmental problems facing business and industry in the
Tennessee Valley, the nation, and the international community. TVA has
been involved in the development of fuels from cellulosic biomass for
more than 20 years.
Pure Energy, with offices in New York and California, is involved in the
formulation and production of alternative and bio-based fuels. It has
the exclusive worldwide license from Princeton University to
commercialize a cleaner burning alternative fuel developed at Princeton.
In May, the US Patent Office allowed claims covering the fuel.
For more information contact:
Merrick G. Andlinger
President and CEO
Pure Energy Corporation