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Management Side
Thermal Energy signs deal that's worth as much as $11 million

OTTAWA (From news reports) -- Ottawa's Thermal Energy International Inc. has signed a deal worth as much as $11 million for the refurbishment of an undisclosed pulp and paper mill in the nation's capital.

Thermal Energy, an Ottawa maker of emissions control technologies, announced the deal on Wednesday saying the project included the design, development and implementation of energy efficiency technologies and greenhouse gas reduction at the mill.

Once completed the project is expected to provide the customer with annual natural gas savings of more than 35 per cent, while reducing its annual greenhouse gas emissions by more than 20 per cent, or approximately 43,000 metric tonnes.

"Pulp and paper is one of the most energy-intensive sectors," said William Crossland, chief executive of Thermal Energy. "We have been working in partnership with this customer over the past year to develop a turn-key project that meets both their energy savings and greenhouse gas reduction goals."

The company hopes to have the project completed within the next 18 months.

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