Michael Siegel CEO of EcoloCap Invited by ArcelorMittal in Kazakhstan, to Launch a Feasibilty Study for the Use of M-Fuel for St
14 September 2010 - 3:29PM
Marketwired
EcoloCap Solutions Inc. (OTCBB: ECOS), an innovator of alternative
energy products and HFO emulsion fuel technology, reports that
after months of discussions, CEO, Michael Siegel was invited by the
ArcelorMittal management to visit their steel fabrication operation
in Kazakhstan. The visit will serve to launch a feasibility study
in order to demonstrate the many features of EcoloCap's fuel
processing technologies. ArcelorMittal is the world's leading steel
company, with operations in more than 60 countries and is ranked
99th on the Fortune Global 500.
EcoloCap is also setting up a demonstration facility in
Wheeling, IL. This facility is planned to start operating at the
end of October, and will demonstrate the M-Fuel technology and
produce samples for customer and government testing. At the
beginning of next year a NPW (wasted oil bio-diesel processing)
will be also available for demonstration.
Michael Siegel, CEO states: "The invitation received by
ArcelorMittal Temirtau, to demonstrate our fuel emulsion
technology, proceed to feasibility and design studies that will
further substantiates the validity of the technology. Based upon
ECOS calculations the utilization of M-Fuel in their steel
facilities will reduce direct costs by over 10% and greatly reduce
emissions, without factory modifications. We're presently at the
stage where a number of large organizations world-wide will be
conducting tests, with the goal of ascertaining the validity of our
technologies. These tests should confirm our own studies and
findings. We are totally confident that our shareholders will be
well rewarded for their support over the last year."
Additionally, the Company is awaiting the longevity test results
being conducted by the India Institute of Technology in New Delhi
for the Nano Li Battery, and the start of M-Fuel testing by the
Petroleum Ministry of India, after the Commonwealth games being
held in New Delhi. The Holland JV for the Nano Li Battery is
progressing with the exchange of documents and evaluation of
battery designs.
About The Company: EcoloCap Solutions Inc. (OTCBB: ECOS) and its
subsidiaries Micro Bubble Technologies Inc. ("MBT"), K-MBT Inc.
(Korea) and EcoloCap Solutions Canada Inc., are an integrated
network of environmentally focused technology companies that mainly
utilize nanotechnology to develop efficient alternative energy
solutions. Their portfolio of products and services include the
Nano Li rechargeable battery that surpass the performance of
batteries in the market today, MBT's M-Fuel, a breakthrough
suspension fuel for diesel and heavy oil applications that greatly
reduces cost and the emission of harmful gases, and EcoloCap
Solutions Canada Inc. which offers Carbon Credit UN Certification
and trading services. For additional information, please visit the
EcoloCap website, http://www.EcoloCap.com.
This press release may contain statements of a forward-looking
nature regarding future events. These statements are only
predictions and actual events may differ materially. Please refer
to documents that EcoloCap Solutions Inc. files from time to time
with the Securities and Exchange Commission for a discussion of
certain factors that could cause actual results to differ materials
from those contained in the forward-looking statements.
Contacts: EcoloCap Solutions Inc. 866-479-7041 847-919-8440
(FAX) Info@EcoloCap.com