Turbine Truck Engines Inc. — a Florida-based “clean-air technology company” that develops alternative combustion systems for industrial engines — reported that it has completed manufacturing its initial Hydrogen Production Burner System (HPBS), setting up the pre-shipment testing before delivery to its customer, a Chinese producer of synthetic fabrics.
TTE’s HPBS is proprietary technology it developed for H2 production and combustion. It said the process produces “a consistent, steady, non-volatile and safe-to-burn concentration of hydrogen on-demand and on-site,” eliminating transportation and storage factors for customers wanting hydrogen as their primary burner fuel.
HPBS provides industrial operations an ability to achieve energy and environmental conservation, and realize fuel cost savings of 30-60% from current levels.
Once testing is completed, the HPBS unit will be shipped and installed at Fujian XinChang Leather Co. Ltd., at Jinjiang City in China’s Fujian Province.
"Once installed and operational, the HPBS allows (sic) Fujian XinChang Leather Co. to expedite switching the companies' primary burner fuel from coal to hydrogen as industry throughout China undergoes increasing pressure to find solutions to reducing air pollutant emissions,” according to Michael Rouse, TTE CEO. “Additionally, Fujian XinChang Leather, Co. has agreed to allow Turbine Truck Engines to conduct the testing and data collection necessary for final certification of the HPBS for use throughout China and additional countries."
Under a leasing program that TTE offers, Fujian XinChang Leather Co.'s lease payments for the initial 6-year term (based on 200 cubic meters per hour), TTE estimated it cout realize revenues over $1.036 million per year. A qualified Carbon Credit Asset Programs could provide an additional 30% annual revenue increase above the noted lease payments.