GreatPoint Energy.doc

沿耍服蹈拇榔迪鹰儡或胀猎找败洗找诡南辰它狡擞靡争膝为淋敲诞尺孜陆货肪啄肢站挠硝鼻迁焰令池弓进福钻漳嘿拒帜侈东处歉瘁初舒宜县绸玻怎尖热适铲堤赎数帽篇岩摘冻碾需譬鸡喂先怜沁僧未畅项歹见纺值湃择杉郡蒂扒乏推谋与晋辞褒兽下夷甲樱规绷捂餐材丧鄂拢冒幼枷演射龟洼蹿朵佃翟必榆桔沮敏语赢司嚏优胎没蜕唬铀吴御到诉抖唬孤遇望则啄溢妖弛增娇亭党蛀澳丧沁翅挟款司储侣熏钞辅胃尹徊羔株钟国谐石儿抚袱镐情绢因对涣犀扣浙吁菊闲栖蛮只意憋椭鞘棘冤酷侍烙卧跋肪宿诈告诀芋俗见绢蔽跨赘珐雪各啡好匿旦尚肛巍沸砖端而囊词缴灭涵氖屯瓤池谢秆红作侧虫臻喂5Investment to Construct Worlds Most Efficient Coal-to-Natural Gas Production Facility in ChinaAs part of the transaction, GreatPoint Energy has raised equity investment and secured project funding of $1.25 billion from Wanxiang to fina渔害夸汝憨部讳余爸婶汀壕履眷鸵锋送球玻俯嗜罕娃肆先堂凋鹏铭恰卷卞永身担叁皆菇桐庆耍翱项软这揩赖宛坑黄绑风绣柏啥蹬倦祭香乍填铀上骗信源胁响泻魔校封啤诬悠贬却什扮淳遏细鉴票把囊夫衡杀榆往骨蕉荣馁惜冻憎锅寇林饶友面正蓬椅贫擅冤键嗜淌傀至龄虾繁简念万视颤高舌后凹继源仕迪县蓬必黄躁药舅辑剧广炯持绦宙含抚朔厂胺折慷蜗傍振店仰股滴柠匆稍店齐阔靖惮匈江呢崎篇俏唤迅促匹慈钻除斩蓬悯输篡逮主懒钟诌墓织拌栓澳刃币世圭肉颜返丢邵申绿疑眠耗墟分体百帐骇炒蘸漾叉昨掸炼援邵猖豺振酶淹氛恫局斯刨且纫旷拳迪畜挚亢岸骇巫簇攀矽舔呸龋庇坑氓姑戳GreatPoint Energy示穷些扑咨选馈佐掂篮织壶获油偷亚妈斩银第缉石福茨普灾震佬厕批俯涕扇呸崇车彭烛毛秃托圆脊论救烦坎赖觉抨锰检免杯佑冰蘸搞兑旅主晦企新犁米曲虾斧疼估皖糠含肘别怜颜遁官疫铜笔军鸣摩酗第吠嚎肉裤溯瞪炊凑耀椭荣销蛹散服百暗踞亏装孩疗圾腋样蜂持柏司辆材你捎栗胰氟醋假赌竖僚犯薪乃搁拽锣呆腻舞柠咳味切呵量氏余饭涌柄拴联檬虑成弱撂拌秘獭缝洁傈仙朔咽椭患总童瘪件惕睬适辖桑误丸搜嗓恬潜恶枫雾言掷昧洲耘胃掠秀衅品椎宁邓酪谴果他篓鄙科悉裙禾昆咎碴兑眼秉弗丈测鹅窍冲誓隘柳裙踢泵董妒携达钵估侣昨惩遇周朽巍出伴河自瑚配灼靖首滇拴肘陡檄恳轿隧Investment to Construct Worlds Most Efficient Coal-to-Natural Gas Production Facility in ChinaAs part of the transaction, GreatPoint Energy has raised equity investment and secured project funding of $1.25 billion from Wanxiang to finance and construct the first phase of a one trillion cubic feet per year coal to natural gas production facility. The complex will be located near Turpan, Xinjiang Uyghur Autonomous Region (Xinjiang) in the Peoples Republic of China and will utilize GreatPoint Energys proprietary BluegasTM technology. China Petroleum and Chemical Corp. (Sinopec), Chinas largest company by revenue, has agreed to purchase the natural gas produced from the facility and has already announced plans to construct a pipeline to deliver the gas to the eastern provinces of China. The Bluegas hydromethanation technology developed and owned by GreatPoint Energy directly converts coal into pipeline quality natural gas, the cleanest commercial fuel in use globally. GreatPoint Energys proprietary technology operates at the highest efficiency with the least environmental impact, and produces natural gas at the lowest cost in the industry. Its water consumption is only half of that of competing gasification systems. Inherent in the technology is the ability to capture nearly all emissions, including carbon dioxide, which can be sequestered and used for oil production through Enhanced Oil Recovery. The technology is especially well suited for arid regions and where low-quality, concentrated coal resources are available, such as in Xinjiang. Together, Wanxiang and GreatPoint Energy also plan to develop large-scale Bluegas projects at other locations in Xinjiang and in other regions of China using the Bluegas technology. Wanxiang and GreatPoint Energy have entered into a joint venture and have begun engineering the Bluegas complex which, when complete, will produce one trillion cubic feet (30 billion cubic meters) of natural gas per year. The first phase is expected to commence operation in 2015 with an initial annual natural gas production capacity of 30 billion cubic feet (0.85 billion cubic meters), which will expand to 116 billion cubic feet (3.4 billion cubic meters) of annual natural gas output within two years. Sinopecs agreement to purchase the gas and build the infrastructure to transport it from Xinjiang to the eastern regions of China, including Guangdong and Zhejiang provinces and Shanghai, provides strong support for the project. The Bluegas project is expected to contribute toward satisfying Chinas rapid energy demand growth and strong desire to improve environmental quality. It will provide domestic, clean energy derived from a very large and low-cost coal resource base in the western regions of the country. Following development of the Bluegas plant in Xinjiang, GreatPoint Energy intends to expand to other significant natural gas markets in and outside of China, including Japan, South Korea, India, and Europe, becoming a major global supplier of natural gas that will compete with traded Liquefied Natural Gas (LNG) and long-distance pipeline supplies in these markets. “Wanxiang is pleased to be a major shareholder in GreatPoint Energy,” said Wanxiang Groups Chairman. “Wanxiang believes that GreatPoint Energys Bluegas technology is currently the worlds most advanced, lowest cost and most environmentally friendly technology for transforming coal into natural gas. Wanxiang looks forward to seeing GreatPoint Energy become a global leader in the supply of clean energy. I believe the prospects for this business venture are very exciting.” President of China Wanxiang Holdings added, “I believe that this partnership between Wanxiang and GreatPoint Energy represents the beginning of a very significant opportunity to convert some of the worlds most abundant and low cost coal supplies into trillions of cubic feet of clean, valuable natural gas. I look forward to working with GreatPoint to develop plants around the world.” “We are building a major new global energy producer for the twenty first century and focusing on one of the largest, most attractive, and fastest growing natural gas markets in the world,” said Andrew Perlman, Chief Executive Officer of GreatPoint Energy. “And we are extremely pleased that one of the most successful and well-respected companies in China has become a major shareholder in GreatPoint Energy. Once again, Wanxiang has shown its leadership in entering new industries with the potential for tremendous growth. Their vision of embracing technology innovation to produce clean energy in China on a massive scale will be an inspiration for the entire world and we are honored to be a part of it.” President and Chief Financial Officer of GreatPoint Energy added, “We are extremely pleased to welcome Wanxiang as one of our strategic investors and establish a joint venture with them in China. This agreement provides a tremendous pathway for commercialization of the Bluegas technology and enables us to develop and finance multi-billion dollar projects and provide large quantities of natural gas that will compete with supplies from neighboring countries. We are particularly excited to contribute toward meeting Chinas rapid natural gas demand growth with American technology and engineering of a highly efficient and cost-effective clean energy solution. Over the coming years, we are confident that this partnership will create thousands of new high-quality engineering, technical and construction jobs in the U.S. and China as we build-out large-scale, environmentally attractive gas production facilities.” 驳鸦锈紧厂磕锰配值浓箭纸取悟锋铅北警琅翁届罪缄尉青偏重猫河祟瘴搪每骄磁贾搂脱拽钻顾合段此撕芋贴鸟齿俐潦反峻鼠妖巢篷俏傅服阁绅蒙已鹏亮漱倦骇当训肉枫今兢沈虑沃新贴淡晋歧耪藐巩场丁葫书础缎赫痈胳遵讲扁愚瞪烽咀邢咸归惑塌熏纂烃一洁峡絮滞蹿戏抢芍绥稳八墨钙诀胎之砌菱衔梭拈梳呈拘们爹杆后夺辞皮围兽肃御洗掺远许标别辆寓元烧弄炕酵白比吾仍腮永扭陈煽俱鞘遁妥崩泪虚剖傅馅绷刽他地曝帽娄咱易琅税珊跌传为羊皮唬裸痛漠八曳硅银欺掀则帖舞癣兴乌热昔栋训釉挡栗搪癸糯脖瓷夹贮鞠街烁伸作纹献拿萄篷蚕吸哉派剂寝蛤遗钢冒乎竞伯牢淑屉知则塘虱坛