Mantra Announces Completion of First Phase Pilot Plant Design
BURNABY, BRITISH COLUMBIA -- (Marketwired) -- 10/07/13 -- Mantra
Venture Group Ltd. (OTCQB:MVTG)(BERLIN:5MV) and its subsidiary,
Mantra Energy Alternatives Ltd., have announced the completion of the
first phase of engineering for its "Electro-Reduction of Carbon
Dioxide" (ERC) pilot plant. BC Research Inc. (BCRI), the technology
commercialization arm of NORAM Engineering and Constructors, has
delivered a comprehensive first phase report that details the
estimated cost of this plant, which will convert waste carbon dioxide
into valuable chemicals at the Lafarge cement plant in Richmond, B.C.
"The work done by both NORAM and BCRI on this project has been truly
impressive," says Larry Kristof, Mantra's President. "We have the
utmost confidence that their dedication and expertise will result in
a successful deployment at Lafarge."
This work has resulted in several process improvements, including the
introduction of a product treatment stage that will deliver a highly
concentrated liquid product. As this will be capable of reaching the
levels at which the products are typically used in industry, Mantra
expects to be able to sell product directly out of the pilot plant.
Improved process control, instrumentation, and flow scheme will
deliver a more robust demonstration and greatly facilitate the
commercial scale-up of the process.
Mantra's CTO, Patrick Dodd, commented, "This will be the very first
plant to electrochemically reduce carbon dioxide in an industrial
setting. I think people will be very excited when they see a
valuable, salable liquid product coming out of the Lafarge flue gas
The second phase of engineering, which will provide a
"ready-to-build" plant design, is set to begin shortly, and will be
completed concurrently with procurement and construction to
facilitate a timely deployment.
ERC, or the "Electro-Reduction of Carbon Dioxide", is a form of
"carbon capture and utilization" (CCU) that converts the pollutant
carbon dioxide into useful, valuable products including formic acid
and formate salts. By utilizing clean electricity, the process offers
the potential for an industrial plant to reduce emissions while
generating a salable product and a profit.
About Mantra Energy Alternatives
Mantra Energy Alternatives Ltd., a wholly owned subsidiary of Mantra
Venture Group Ltd., aims to become a world leader in the production
of high-value, carbon-negative chemicals and fuels. Mantra is
currently developing the ERC process, which will initially produce
formic acid and formate salts from carbon dioxide, and will
eventually be capable of generating a wide variety of products. The
company seeks to simultaneously reduce anthropogenic carbon
emissions, which total over 30 billion tonnes each year from fuel
combustion alone, and generate value.
Mantra Venture Group is a public company quoted on the OTC QB under
the symbol MVTG and on the Berlin Stock Exchange under the symbol
Follow Mantra on Twitter: http://www.twitter.com/mantraenergy
For more information go to: http://www.mantraventuregroup.com
Forward-looking statements: Except for the historical information
contained herein, the matters discussed in this press release are
forward-looking statements. Actual results may differ materially from
those described in forward-looking statements and are subject to
risks and uncertainties. See Mantra Venture Group's filings with the
Securities and Exchange Commission, which identify specific factors
that may cause actual results or events to differ materially from
those described in forward-looking statements.
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