Thermal Energy International Inc. has received a $1.9 million turn-key heat recovery order from a global nutrition company. The turn-key heat recovery project is designed to recover waste energy from a biomass steam boiler exhaust and use the captured energy to reduce overall steam and fuel consumption onsite. The project is expected to reduce natural gas use by the site's steam boilers by 75%, CO2 emissions by 1,587 tonnes annually, and the emission of particulate matter and acid gases such as SO2 by 50% - 90%.

The project is expected to result in a payback of approximately 1.2 years. The project is expected to be completed and revenue earned within 12 months.