Powerspan Partners with The Andersons to Produce and Market ECO Fertilizer Co- Products
NEW DURHAM, N.H.
Nov 4, 2002
Powerspan Corp., developer of ECO multi-pollutant control technology for power plants, has signed an agreement with The Andersons Agriculture Group, LLP, whereby The Andersons will manage production and marketing of fertilizer co-products from ECO systems for power generating customers. The Andersons, Inc. is a diversified agricultural company with expertise in the formulation, marketing, and transport of nitrogen, phosphate, potassium, and compounded fertilizer products for agricultural use.
The ECO system oxidizes pollutants in the flue gas of coal-fired power plants and collects them in a compact wet scrubber and wet electrostatic precipitator. The technology avoids landfill disposal of waste by converting the sulfur dioxide and nitrogen oxides removed from the flue gas into high- quality, environmentally safe ammonium sulfate nitrate fertilizer. Under this alliance, The Andersons will operate the co-product production plants at ECO sites. In addition, The Andersons will market the fertilizer using its extensive regional network of dealers and distributors.
Powerspan Chairman and CEO Frank Alix noted the importance of this partnership in deploying ECO technology. "The alliance of Powerspan and The Andersons will allow the power generator to focus on running the power plant while The Andersons operates a valuable income-generating asset that will lower the overall cost of air emission control."
Mike Anderson, President and CEO, The Andersons, Inc., said, "We are excited to be working with Powerspan and the electric utility industry on this promising new technology that will provide benefits to both the environment and the agricultural community. This is a great opportunity to create value for our agricultural customers while reducing both air emissions and landfill wastes."
Powerspan Corp., a clean-energy technology company based in New Durham, N.H., is engaged in the development and commercialization of proprietary multi-pollutant control technology for the electric power industry. Company research and development efforts focus on the application of its technology to reduce the environmental impact of power generation. More information can be obtained at www.powerspan.com.
About The Andersons
The Andersons, Inc.
Contacts: Powerspan Corp. Stephanie Procopis Director of Marketing Phone: (603) 859-2500, ext. 20 Email:
[email protected]The Andersons, Inc. Gary Smith Vice President, Finance & Treasurer Phone: (419) 891-6417 E-mail: [email protected]
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SOURCE: Powerspan Corp.
CONTACT: Stephanie Procopis, Director of Marketing of Powerspan Corp.,
+1-603-859-2500, ext. 20,
President, Finance & Treasurer of The Andersons, Inc., +1-419-891-6417,