USA - SunSi Energies (www.sunsienergies.com) has developed strategic plans to rapidly expand TransPacific Energy Inc.'s (TPE) innovative heat recovery technology both domestically and internationally. SunSi previously announced that it had entered into a binding agreement to acquire 51% of TPE and continues to make progress toward consummating the acquisition.
According to a May 23, 2012 article that appeared in Reuters headlined "Goldman Sets $40 Billion Clean Energy Investment Plan", "Goldman Sachs Group Inc. plans to channel investments totaling $40 billion over the next decade into renewable energy projects, an area the investment bank called one of the biggest profit opportunities since its
economists got excited about emerging markets in 2001."
Additionally, Goldman executives said "demand for alternative energy sources will grow with global energy demand, and as big manufacturing countries, including China and Brazil, set more aggressive targets for reducing emissions."
TransPacific Energy's patent-pending heat recovery and energy conversion process produces electricity from a variety of heat sources. These sources include solar, biomass, hot flue gases from process industry, landfill, geothermal, gray water/hot fluids and warm ocean waters, which each represent multi-billion dollar opportunities in the renewable energy markets referenced in the Goldman article.
SunSi's Chairman Richard St. Julien commented, "TPE has the perfect product for the industrial marketplace. We have already identified a potential list of high profile customers in both the United States and China that could benefit from TPE's technology. With multiple billions of dollars earmarked for renewable energy projects by the U.S. and Chinese governments over the next ten years, both the U.S and China are excellent locations for TPE to establish a solid foothold. The inherent advantages of TPE's technology is a great selling feature, and the size of the market for the reduction of emissions alone is enormous. We look forward to completing the TPE transaction, generating substantial new revenue streams and increasing SunSi's enterprise value for our shareholders."
SunSi continues to pursue a listing on NASDAQ and these efforts appear to be on track for the second half of 2012.