EESTECH and Santos Sign Agreement for Carbon Capture

SYDNEY, Australia, May 20 /PRNewswire/ -- EESTECH and HTC Purenergy have
entered into an agreement to explore business opportunities with Santos
(www.santos.com) for carbon capture, storage and enhanced oil recovery using
carbon (CO2) from its own gas fields.
EESTECH (EESH.OB), which is publicly traded on the US Bulletin Board and
operates a technical facility in Brisbane, Australia, owns the exclusive
Asia-Pacific rights to the HTC Purenergy Carbon Capture technology, which
includes the world's first pre engineered, modular, 1000 tonne per day carbon
capture system known as the "CCS IOOO".
The HTC Purenergy system was developed over the past fifteen years at the
world renowned International Test Centre for Carbon Capture at the University
of Regina, Saskatchewan, Canada. The system captures CO2 from the flue gas
stream of coal and gas fired power stations for subsequent storage in either
underground aquifers or depleted oil and gas fields.
The HTC Purenergy carbon capture technology can be retrofitted onto
existing power plants. When integrated with EESTECH's Hybrid Coal Gas Turbine
(HCGT), which utilises waste coal and methane to produce the energy required
for carbon capture, the cost of carbon capture is significantly reduced.
Santos acting Managing Director David Knox welcomed the agreement, which
he said would further complement Santos's commitment to the research and
development of carbon capture and storage into depleted oil and gas fields.
"This project will build on our current development activities focusing on
the Moomba Carbon Storage Project which has the long-term objective of
establishing a large-scale carbon storage hub at Moomba, which could
eventually store up to 20 million tonnes of carbon dioxide per year and 1
billion tonnes over the life of the project.
"It would do so by injecting carbon dioxide into the depleted and/or
depleting oil and gas reservoirs of the Cooper Basin, thereby providing a
secure storage solution for major carbon emitters in Queensland, New South
Wales and South Australia, as well as stimulating further gas flow from the
field," he said.
Mr John Hanson, representing EESTECH and HTC said that the signing of the
agreement will allow EESTECH and HTC to demonstrate how its market leading CO2
management technologies could deliver fully optimized, large scale,
site-specific CO2 capture solutions in keeping with Santos's objectives.
"We are delighted with the signing of this agreement and look forward to a
long-term collaboration with Santos," he said.
The agreement with Santos follows the recent announcement of a feasibility
study with Loy Yang Power, which operates a 2200 MW brown coal fired power
station in Victoria's Latrobe Valley and an agreement by HTC Purenergy with
the Norwegian Government to build a carbon capture and storage facility
capable of capturing over 1 million tonnes of CO2 per year, making it
potentially the world's largest to date.
For further information on EESTECH or its products please visit the
company's website at www.eestechinc.com.
Released for EESTECH Inc. by Dennis Rutzou Public Relations
(www.drpr.com.au)
For further information please call Dennis Rutzou or Joanna Gitsham on
(02) 9413 4244.
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This media release includes statements that may constitute
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statements.
Forward-looking statements inherently involve risks and uncertainties that
could cause actual results to differ materially from forward-looking
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Factors which would cause or contribute to such differences include, but
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availability of funding for future operating requirements, our ability to
protect our intellectual property, our ability to secure contracts for the
installation of our products and our ability to develop and operate such
projects successfully.
We urge you to carefully consider these factors and the information
detailing other factors (which could cause actual results to differ
materially) included in EESTech, Inc.'s forms 10Q and 10K filed with the SEC.
The forward-looking statements are based on current expectations and neither
the Company nor its management assumes any obligation to update these
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SOURCE EESTECH Inc.

Dennis Rutzou or Joanna Gitsham, +61-2-9413-4244