Letter of Intent with Ineos C

RNS Number : 8657X

AFC Energy Plc

24 August 2009

 



24th August 2009

AFC Energy PLC

('AFC Energy' or the 'Company')

AFC signs a letter of intent with INEOS ChlorVinyls 

AFC Energy, the low cost alkali fuel cell company, is pleased to announce that it has signed a letter of intent with European chemicals major INEOS ChlorVinyls to develop a hydrogen fuel cell project at its Runcorn Site manufacturing complex in Cheshire, UK.

The project is being commissioned as part of INEOS ChlorVinyls' ongoing strategy to widen its energy portfolio and to seek out alternative energy generation methods to offset energy generated from conventional fossil fuels.

AFC Energy and INEOS ChlorVinyls will work together to develop a solution that will deliver energy from surplus hydrogen arising out of the chlorine manufacturing process. AFC Energy has already successfully demonstrated electricity generation utilising industrially produced hydrogen.

Ian Balchin, AFC Energy's MD said 'This is significant step for AFC Energy, having successfully demonstrated an AFC Fuel Cell system using industrially produced hydrogen, we are able to work with new partners. We look forward to working closely with INEOS ChlorVinyls'.  

For further information please visit www.afcenergy.com or contact:

AFC Energy plc Tim Yeo, Chairman Ian Balchin, Managing Director	01483 276726
Astaire Securities Shane Gallwey / Lindsay Mair	020 7448 4400
Pelham Public Relations Chelsea Hayes/ Klara Kaczmarek	020 7337 1523

 

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