TerraVent Environmental to Commercialize Environmental Technology for Green Energy Transition

Nov 8, 2021

MELBOURNE, Fla. - November 8, 2021 - (Newswire.com)

TerraVent has obtained an exclusive license to L3Harris Technologies, Inc.'s patented HeatWave® equipment and ESEIEH® process to complete industry demonstration and commercialization. This innovative use of radio frequency energy and natural solvents allows for sustainable production of long chain hydrocarbons used to create polymers and plastics needed for green energy transition. These disruptive technologies result in 85% less greenhouse gas emissions, 30% less habitat loss, and eliminate millions of gallons of water use daily, compared with existing techniques.

TerraVent will conduct final technology optimization and demonstration.

TerraVent is an environmental technology company created by serial entrepreneurs to identify, develop, and commercialize innovative technologies addressing global environmental problems.

"TerraVent is working toward a full-scale pilot of the process in 2023 in Alberta, Canada," said Kevin Pope, TerraVent's CEO. "Because their current hydrocarbon production is very energy intensive and ESEIEH® can make an enormous impact in reducing CO2 emissions and water consumption. Then we will move into the environmental remediation market, to work toward cleaning up areas contaminated by past industrial practices. It's an exciting time in environmental technology, and ESEIEH® is a dramatic step toward a low carbon emission future."

HeatWave is part of L3Harris' overall commitment to help customers manage climate-related and other environmental challenges. The company's advanced technologies also are used for weather tracking, ocean mapping, earth observation and efficient flight routing to help customers achieve their missions of solving environmental challenges and promoting sustainability around the world.

"The HeatWave initiative reflects L3Harris' commitment to reducing environmental, health and safety impacts for our customers and within our own operations," said Ed Zoiss, President, Space and Airborne Systems, L3Harris. "We continue to introduce new technologies and implement robust internal programs to protect the environment and advance environmental sustainability for future generations."

Contact Name: Kevin Pope, CEO

Phone: +1 850-509-9998

Email: [email protected]

Website: www.Terra-Vent.com

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L3HARRIS APPROVED TerraVent Press Release 21-11-1.pdf

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Original Source: TerraVent Environmental to Commercialize Environmental Technology for Green Energy Transition

Formula 1 announces return to Africa with Grand Prix in Rwanda in early 2030s

KIGALI, Rwanda — Formula 1 will return to Africa with a grand prix in Rwanda starting early next decade once a new track has been built southeast of the capital, F1 and the country’s president said Tuesday. The announcement of a 10-year-deal to hold an African Grand Prix in Rwanda comes after a campaign by President Paul Kagame to bring F1 to the continent for the first time since 1993. “This partnership is long overdue,” Kagame said at a launch event in Kigali, Rwanda’s capital. “But it is a success and a milestone for the entire continent, especially for the African fans. Ultimately, what we want is for the African Grand Prix to pave the way for other races to be hosted on the continent.” Racing in Africa will fulfil a long-held ambition for seven-time world champion Lewis Hamilton, the only Black driver in F1. The 41-year-old British driver has said he has been “fighting in the background” for years to have a race in Africa. Exactly when the first race will be held in Rwanda remains unclear. F1 said a purpose-built circuit was expected to be completed “early in the next decade” in Bugesera, about 40 kilometers (25 miles) from Kigali. The track will be built near an under-construction airport serving the capital and will “work in harmony with the natural landscape,” using hills and dips in the landscape to challenge drivers, F1 said. “Today is a landmark moment for Formula 1," F1 President and chief executive Stefano Domenicali said. “With Rwanda joining the calendar from the next decade our sport will race in every inhabited continent, bringing the world championship closer than ever to fans around the globe.” The last time F1 raced in Africa was the South African Grand Prix in 1993. Rwanda aims for challenging circuit and economic gains Rwanda becomes the first confirmed new host nation for F1 since Qatar and Saudi Arabia joined the schedule in 2021. With a GDP per capita of just over $1,100, Rwanda will stand out on a race calendar that features glitzy destinations like Las Vegas, Miami, Monaco and Abu Dhabi. Kagame said the country aims to use the race to develop sports infrastructure and tourism and to diversify revenue. Under Kagame, Rwanda has sponsored major European soccer teams and developed a basketball partnership with the NBA, as well as hosting the world cycling championships. It’s all aimed at promoting a positive image of a country still often known internationally because of the 1994 genocide. Hosting F1 would take that strategy to a new level. “Look, our country will be watched on the global stage. And this comes with investments and creations of jobs, especially for the youth,” Betty Mukamurenzi, a university IT student in Kigali, told The Associated Press. Businessman James Ruzindana said that “for businesses, it is a challenge for us to up our game in terms of having the right products that can be consumed by those who are visiting.” The F1 spotlight could also bring renewed scrutiny of Rwanda's human rights record and accusations of “sportswashing.” Human rights groups have accused Kagame of repressive methods keep his grip on power. The U.N. has accused Rwanda of backing rebels in neighboring Congo, and Congolese officials have condemned its soccer sponsorships. Rwanda set to outpace South Africa There have been rival projects to bring F1 back to Africa, with plans in recent years regarding three different potential venues in South Africa and one in Morocco. South Africa Minister of Sports, Arts and Culture Gayton McKenzie issued a statement last week congratulating Rwanda, even before the decision was official, but still insisted his country “will get F1,” too. “We are happy for Rwanda’s 2030 F1. They have worked on it longer than SA and deserve it,” McKenzie wrote on X. “Remember though that one country, Italy, has had two F1s a year, and some react like a continent of 55 countries can only get one. SA will get F1, even before 2030.” There was no mention of South Africa in F1’s statement on Tuesday. F1 racing in Africa was linked to apartheid Many of F1’s previous races in Africa were overshadowed by the policy of apartheid in South Africa. F1 and its teams faced increasing criticism through the 1970s and 1980s, culminating in some teams boycotting the 1985 race in South Africa, which was facing various international sanctions and boycott campaigns at the time. As South Africa began to dismantle the system of racial segregation and oppression, F1 returned for two more races at the Kyalami circuit in 1992 and 1993, the last of those less than a year before the country’s first democratic elections where millions of Black South Africans were able to vote. F1 also held a Moroccan Grand Prix in 1958, the only time Morocco was part of the world championship. A project was announced last year to build a track to bring F1 back to the North African nation but there have been few updates since.