Alternative Fuel Receives Order From Korea Institute of Energy Research
13 October 2009 - 12:15AM
Marketwired
Alternative Fuel Technologies, Inc. (PINKSHEETS: AFTC) announced
today that they have received an order from the Korea Institute of
Energy Research (KIER) for two (2) DME fuel injection pumps. KIER
will use AFTC's pumps to develop a DME fueled engine in their
laboratory. When successful, a similar engine will be converted to
DME and installed in a Hyundai e-Mighty truck for "real world" road
testing.
KIER is interested in AFTC's DME technology as a replacement for
diesel fuel and views DME as an economic means by which the country
may improve air quality and gain increased energy security in the
future. In addition, government officials realize the potentially
massive economic benefits associated with widespread adoption of
DME as a fuel source.
About KIER
The Korea Institute of Energy Research is a Government entity
focused on advanced energy Research and Developments projects with
the goal of mass implementation and Commercialization of efficient,
clean energy alternatives
(http://www.kier.re.kr/open_content/eng/main_page.jsp).
About DME
DME is a new ultra-clean diesel fuel replacement that can be
produced from abundant resources. These include natural gas,
landfill methane, coal and biomass. At current oil prices, DME can
be produced and distributed at less than 1/2 the cost of
conventional fuel. When burned in a diesel engine, all soot
emissions are eliminated and NOx emissions are lowered dramatically
without the use of expensive exhaust aftertreatment devices.
About AFTC
Alternative Fuel Technologies, Inc. is a research &
development organization engaged in the design, development and
prototype manufacturing of advanced fuel systems for use with a new
alternative fuel -- dimethyl either (DME). AFTC has developed
practical, low-cost fuel injection equipment for DME fueled
vehicles and currently provides complete DME fuel systems for
testing and research purposes, in addition to retrofit systems that
can be used with most diesel engines. The company's ultimate goal
is series production of DME fuel systems for the global automotive
market by 2011.
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