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About
On an annual basis, an industry wide implementation of CVW™'s EcoMax development option could be expected to:
- Recover 13.2 million barrels of hydrocarbons (11.4 million barrels of bitumen and 1.8 million barrels of solvent);
- Produce 1.5 million tonnes per year of critical mineral concentrates in the form of titanium and zircon;
- Abate up to 5,000,000 tonnes of CO2 equivalents, primarily methane;
- Eliminate up to 30,000 tonnes of volatile organic compounds (VOCs - considered toxic substances by
Environment and Climate Change Canada ); - Potentially eliminate tailings pond growth due to froth treatment operations, and
- Generate annual revenues of
$2.7 billion within the province ofAlberta .
For learn more about
www.cvwcleantech.com
www.cvwcleantech.com/technology/process-and-technology-overview/
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CVW CleanTech Disclosure Regarding Forward-looking Information
This news release contains forward-looking statements and information within the meaning of applicable securities laws (collectively, “forward-looking information”) that reflect the current expectations of management about the future results, performance, achievements, prospects, or opportunities of the Company.
Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible” and similar expressions, or statements that events, conditions or results “will”, “may”, “could” or “should” occur or be achieved. The forward-looking statements may include statements regarding the Company’s results and its business plan and/or other future opportunities that are not statements of fact. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company may differ materially from those reflected in forward-looking statements due to a variety of risks, uncertainties, and other factors. For the reasons set forth above, investors should not place undue reliance on forward-looking statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in other information released by the Company from time to time and filed with the appropriate regulatory agencies.
All forward-looking statements are based on the Company’s beliefs and assumptions which are based on information available at the time these assumptions are made. The forward-looking statements contained herein are as of the date set out above and are subject to change after this date, and the Company assumes no obligation to publicly update or revise the statements to reflect new events or circumstances, except as may be required pursuant to applicable laws.
Although the Company believes that the expectations represented by such forward-looking information or statements are reasonable, there is significant risk that the forward-looking information or statements may not be achieved, and the underlying assumptions thereto will not prove to be accurate. Actual results or events could differ materially from the plans, intentions and expectations expressed or implied in any forward-looking information or statements, including the underlying assumptions thereto, as a result of numerous risks, uncertainties and/or factors.
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