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SEATTLE, WA, October 5, 2010 /PRNewswire-FirstCall/ – Mantra Venture Group Ltd. (‘Mantra’, OTCBB: MVTG, FSE: 5MV) is pleased to announce that it has secured an ERC demonstration project with Lafarge Canada Inc.
Lafarge North America Inc., together with its subsidiary, Lafarge Canada Inc., is the largest diversified supplier of construction materials in North America.
Over the course of the project, Mantra, Lafarge and its wholly owned subsidiary Systech Corporation, will build and deploy a 100 kg Electrochemical Reduction of Carbon Dioxide (ERC) pilot plant at one of Lafarge’s North American cement plants. The project is expected to further advance Mantra’s ERC technology for large-scale applications and demonstrate the effectiveness of Mantra’s ERC technology in converting CO2 into valuable green chemicals.
John Russell, VP of Technology, commented: “This is a tremendous opportunity for Mantra’s ERC technology – the benefits of which are twofold. Firstly, Mantra will gain valuable experience and exposure through its first-ever North American ERC pilot demonstration project. Secondly, Mantra may have the opportunity to deploy commercial-scale units across multiple Lafarge sites upon completion of the project.”
Randy Gue, Director of Resource Recovery and Business Development at Lafarge Canada Inc., noted: “Lafarge is continuing to look for new and innovative ways to reduce our carbon footprint and make our operations even more sustainable. We are excited to be involved in this trial and are hopeful the Mantra Energy technology can prove to be a commercially viable option for utilizing the CO2 in our cement plant stack gases”.
Larry Kristof, CEO of Mantra, added: “ERC could potentially reshape the way industry mitigates CO2 emissions, and industry leaders such as Lafarge are starting to recognize the economic and environmental potential contained therein. Lafarge’s commitment to sustainable development is particularly admirable, and we look forward to helping the company achieve their corporate and social responsibility objectives.”
The project is scheduled to begin in the first quarter of 2011, and further details will be announced as they become available.
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The Lafarge Group is the world leader in building materials, with top-ranking positions in all of its businesses: Cement, Aggregates & Concrete and Gypsum. With 78,000 employees in 78 countries, the Group posted sales of 15.9 billion Euros in 2009. Lafarge North America Inc. (“Lafarge North America” or “Lafarge”), a Lafarge Group company, is the largest diversified supplier of construction materials in the United States and Canada. Lafarge Canada Inc. and Systech Corporation are subsidiaries of Lafarge North America Inc.
In 2010 and for the sixth year in a row, the Lafarge Group was listed in the “Global 100 Most Sustainable Corporations in the World”. With the world’s leading building materials research facility, the Lafarge Group places innovation at the heart of its priorities, working for sustainable construction and architectural creativity.
For more information about Lafarge North America, go to www.lafarge-na.com
Linda McKinley, Director of Communications
The ERC process, “the “Electrochemical Reduction of Carbon Dioxide”, combines captured carbon dioxide with water to produce high value materials, such as formic acid and formate salts, which are conventionally obtained from the thermochemical processing of Fossil Fuels. However, ERC has an advantage over the established thermochemical methods for converting carbon dioxide to green chemicals, new chemicals beyond formic acid, building products and liquid fuels.
While thermochemical reactions must be driven at relatively high temperatures that are normally obtained by burning fossil fuels, ERC operates at near ambient conditions and is driven by electric energy that can be taken from an electric power grid supplied by hydro, wind, solar or nuclear energy (forms of clean or renewable energy).
Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable and environmentally responsible investment for its shareholders.
Mantra is a public company quoted on the OTC BB under the symbol MVTG and on the Frankfurt Stock Exchange under the symbol 5MV.
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 the forward-looking statements.