Alternative Fuel Technologies Inc. Procures Contract With the Korean Institute of Energy Research
Alternative Fuel Technologies has announced that it expanded its relationship with the Korean institute of Energy Research (KIER) to supply an order for 4 more DME feed pumps for delivery in late summer. This brings the total procured by KIER to 10 pumps purchased.
KIER is interested in adopting AFTC technology of DME 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.
The Korea Institute of Energy Research is a Government entity which focuses 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
AFTC CEO James C. McCandless stated, "We are happy to see that our existing customers are finding success with our products and are making additional purchases."
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.
Alternative Fuel Technology 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.