- Partners are one of the largest global dairy products companies and one of Canada's largest food manufacturing companies
- Dynamic food companies leading the way to lower emission, seeking to transition their commercial operations and facilities to lower, and ultimately zero-emissions, with JEV's cleanH2steam DCCTM Hydrogen Boiler
- These projects build on the success of the Rémy Cointreau project underway in Scotland as the Food & Beverage Industry look to dramatically lower their emissions
NEWTOWN, PA and VANCOUVER, BC / ACCESSWIRE / February 15, 2022 / Jericho Energy Ventures' (TSXV:JEV)(Frankfurt:JLM0)(OTC PINK:JROOF) ("Jericho" or "JEV" or the "Company") wholly owned subsidiary Hydrogen Technologies (HT), is pleased to announce that it signed MOUs with two major North American Food Companies to explore the utilization and integration of its DCCTM Hydrogen Boiler to supply zero-emission steam for use in food processing and commercial facilities.
The partnerships will initially focus on select facilities with the goal of potentially rolling out the DCCTM boilers company-wide with both corporations.
JEV will initially complete a front-end engineering evaluation to establish the process design to meet the specific steam requirements of select facilities including optimal hydrogen and oxygen production, storage, and typical balance of plant systems.
"The path to net-zero emissions must include partnerships and collaboration," said Brian Williamson, CEO of Jericho Energy Ventures. "At the core of our collaboration agreements with these industry-leading food companies is the potential to develop an innovative and integrated hydrogen offering for commercialization and deployment of smarter, cleaner, and more economic energy solutions. People care about how food and beverages are made and the emissions that go into these processes. These leaders are setting an example of how to transition the production of high-quality food to a cleaner more environmentally sustainable process.
Since our Q4 2021 announcement of our green distillery project with Rémy Cointreau's Bruichladdich Distillery, we are seeing a shift in the food and beverage industry leaders to lower emissions as the path forward. It's a great example of how Jericho Energy Ventures is strategically pursuing ways to advance new growth markets for its zero-emission DCCTM hydrogen boiler."
Janet Reiser, President of Hydrogen Technologies, stated, "Our zero-emission DCC™ boiler system can significantly improve the way food is made with regards to reducing dangerous GHG emissions. We are very much looking forward to working with many more leading food and beverage companies from around the world as they look to follow suit and move to decarbonize operations in a practical, efficient and timely manner."
About Hydrogen Technologies
Hydrogen Technologies (HT) offers its award-winning CLEAN, ZERO-EMISSION ENERGY SOLUTION for the Commercial and Industrial Boiler Market. There are a wide range of applications for our cleanH2steam DCC™ Boiler, which work much like traditional commercial heat, hot water and industrial steam boilers: be it power generation plants, district heating, food processing, chemical refining, pulp and paper mills or large venue halls, HT has a reliable, efficient, and clean solution for your needs.
Website: https://hydrogentechnologiesinc.com/
Twitter: https://twitter.com/h2_technologies
LinkedIn: https://www.linkedin.com/company/hydrogen-technologies-inc/
About Jericho Energy Ventures
Jericho Energy Ventures (JEV) is a publicly traded, deep-tech venture capital and incubator platform, backing world-class Companies, founders, and technologies, leveraged to long-term decarbonization themes including hydrogen, carbon capture and energy storage. We believe the energy transition is complex and needs an active specialist approach - making sustainable investing simple for every investor.
Website: https://jerichoenergyventures.com/
Twitter: https://twitter.com/JerichoEV
LinkedIn: https://www.linkedin.com/company/jericho-energy-ventures
YouTube: https://www.youtube.com/c/JerichoEnergyVentures
CONTACT:
Adam Rabiner
Director of IR
Jericho Energy Ventures
604.343.4534
[email protected]
This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only Jericho's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Jericho's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". Although Jericho believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. Forward-looking information and statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information and statements which include, but are not limited to: the effects of and risks associated with the ongoing COVID-19 pandemic, the impact of general economic conditions, industry conditions and current and future commodity prices including sustained low oil prices, significant and ongoing stock market volatility, currency and interest rates, governmental regulation of the oil and gas industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; liabilities inherent in oil and gas exploration, development and production operations; liabilities inherent in Jericho's low-carbon energy transition with investments in hydrogen technologies, energy storage, carbon capture and new energy systems; that Jericho's wholly owned subsidiary, Hydrogen Technologies, will deliver zero-emission boiler technology to the $30 Billion Commercial & Industrial heat and steam industry; the performance of H2U's and SuperCritical's electrocatalyst and low-cost electrolyzer platform and the other factors described in our public filings available at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive. The forward-looking information and forward-looking statements contained in this news release are made as of the date of this news release, and Jericho does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.
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SOURCE: Jericho Energy Ventures Inc.