Thursday, October 31, 2013

Questor Technology Inc. - QST.v

Questor Technology Inc. - QST.v designs and manufactures incinerators that burn waste gases. Questor Incinerators create the best plume dispersion available, providing up to 99.99% combustion efficiency without any particulate matter, poly-nuclear aromatic hydrocarbons (PAH's) or unburned hydrocarbons.

On October 29, 2013 the company reported News

Questor Technology Inc. has received purchase orders for eight incinerators of various sizes from a major crude oil and natural gas producer headquartered in Calgary, and for nine incinerators of various sizes from Dominion Transmission Inc., operator of one of the largest underground natural gas storage systems in the United States, headquartered in Richmond, Va. The values of the orders are $1.5-million and $1.1-million, respectively and the majority of the incinerators in both orders are expected to be delivered in the fourth quarter of 2013. Although each transaction individually is not considered material, in combination with the company's performance in the first half these orders will contribute to strong 2013 financial results for Questor.

Once delivered to the customer, the eight incinerators will be deployed in a well tie-in project in the oil sands to incinerate waste gas. Dominion will deploy the nine units to combust waste gas from dehydration units on several of their sites in Pennsylvania and West Virginia.

"Questor's incineration technology addresses the problematic global issues associated with flaring," said Audrey Mascarenhas, Questor's president and chief executive officer. "We are assisting our clients with regulatory compliance and environmental performance thereby helping them obtain the social licence to operate. Our technology delivers a 99.99-per-cent destruction/combustion efficiency of waste hydrocarbon gas eliminating the impurities that would be released into the air through inefficient combustion from flaring."