Ottawa-based Thermal Energy International (TSX-V: TMG [1]) said today it received its first order from a petrochemical manufacturer in Canada.
"We see Alberta's booming oil patch as our primary Canadian market for the GEM condensate return system," said Thermal Energy president and CEO Tim Angus.
The customer plans to use Thermal Energy's steam traps on approximately one third of a small to mid-size Edmonton, Alberta, facility.
Financial terms of the deal were not disclosed
It's been a good week for Thermal Energy, which announced an order for its condensate return system in China earlier this week (see Thermal Energy gets first order in China [2]).
Today's deal is only the company's second announced order for Canada.
In June, Thermal Energy said it signed long-term energy services agreement with a North American forest products company for a waste heat recovery system at a pulp and paper mill in Quebec.
The company said its steam traps are already in use in Europe's oil and gas, and petrochemical sector by BP, Exxon, Shell, Dow Corning, DuPont, BASF and others.
Thermal Energy claims its customers have achieved between 12 percent and 30 percent savings in energy costs with its products, along with commensurate reductions in greenhouse gas emissions.
The company, which also offers complementary engineering services, is working on a product to reduce nitrogen oxide emissions.
In addition to petrochemical plants and pulp and paper processors, Thermal Energy's customers also include automakers, coal-fired utilities, the food industry, hospitals, primary metal, and sewage-treatment facilities.
Links:
[1] http://finance.yahoo.com/q?s=TMG.V
[2] http://www.cleantech.com/news/1578/thermal-energy-gets-first-order-in-chi