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Intrepid Producing Pipeline Quality Green Gas
Tuesday July 18, 1:39 pm ET
IDAHO FALLS, Idaho, July 18 /PRNewswire-FirstCall/ -- Intrepid Technology and Resources, Inc. (OTC Bulletin Board: IESV - News), a renewable alternate energy company, announces that they, have successfully processed biogas generated from dairy manure into commercial pipeline quality natural gas. This is a major breakthrough by Intrepid as they believe that they are the first commercial firm in the United States to achieve such results on a privately funded basis.
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Results from American Mobil Research Inc. in Casper, Wyoming, a widely used and respected natural gas analysis lab, has confirmed that the gas produced from Intrepid's newly installed gas conditioning equipment at their prototype demonstration facility located at the Whitesides Dairy north of Rupert, Idaho, meets the heating value requirement for direct injection into a commercial pipeline distribution system. The gas contains acceptably low levels of sulphur and the Methane purity content obtained by Intrepid is 99.7% which is equivalent to 1008 BTU's per cubic foot of gas, exceeding expectations.
Jake Dustin, President of Intrepid, acknowledged a strong team effort. "While I am obviously pleased with the tremendous job our in-house staff has done, we are also extremely appreciative of the close cooperation and collaboration we have received from our technology partners and equipment suppliers. That is particularly true of the Andigen/Utah State University team who developed the proprietary Induced Blanket Reactor digester technology that we selected as our demonstration platform. They are outstanding individuals and the close relationship we've developed with them over the past 3 years is a critical part of our current and future success."
Dr. Dennis Keiser, CEO of Intrepid stated, "With this critical milestone achieved, we are now ready to proceed with delivery of our first commercial load of green gas to Intermountain Gas Company and begin building regional biogas fields in earnest. Having established the fact that animal waste can be converted into a clean burning, pipeline transportable, and renewable energy source, we intend to start developing the first renewable large scale gas field in the world and we start on that project today."
Dr. Keiser further commented, "As a nation, we are faced with dwindling supplies of natural gas and we agonize about the necessity of importing increasing amounts of energy. I believe that natural gas produced from animal waste can be a potential source of gas to replace this imported natural gas. What we just achieved at our commercial demonstration plant in Idaho goes a long way towards showing that animal waste made into pipeline-quality natural gas can be suitable for this replacement."
About Intrepid Technology and Resources, Inc.: We are an application innovator in Alternative Energy technology and production and of biogas products and services designed to assist in worldwide energy independence, reduce pollution and carbon emissions from renewable agriculture feedstock and industrial and agriculture waste materials.
Statements released by Intrepid Technology and Resources, Inc. that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions, and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental, and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q, and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release
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