ABERDEEN Global (TSX:AAB, FR:A8H, OTC:AABVF) Technology Partner T2M World Chosen by the US Department Of Vitality to Use AES-100 Technological innovation to Deal with New $50 Billion Syngas-To-Hydrogen Current market Option Toronto Inventory Trade:AAB

TORONTO, April 15, 2021 (World NEWSWIRE) — Aberdeen Intercontinental Inc. (“Aberdeen” or the “Company”) (TSX: AAB F:A8H, OTC:AABVF) is delighted to share an update concerning its current acquisition, AES-100 Inc., from T2M Worldwide (see press releases dated February 1, 2021, February 11, 2021, March 3, 2021 and March 10, 2021, April 8, 2021).

AES-100 has been chosen by US Department of Power (DOE) to be deployed at Hawaii Gas in purchase to boost over-all efficiency of Synthetic Pure Gasoline (SNG) generation and the extraction of pure hydrogen (gas-mobile-all set) from a low-purity waste syngas stream. The envisioned benefits are (a) an improved cost of output of all-natural fuel for Hawaii Gas (b) a decreased carbon footprint and (c) a new income stream from the sale of hydrogen into speedily developing marketplaces for very low-carbon fuel and industrial employs.

President of T2M World-wide, Pinakin Patel, explained “Hawaii has the best energy charges in the United states (30 to 40 cents/kWh). Recovering hydrogen from stranded dilute syngas can insert hundreds of thousands of dollars in new revenue for Hawaii Gasoline and make it electrical energy-independent. It will also offer a lot essential hydrogen for a increasing fleet of fuel-mobile cars in Hawaii, as nicely as forklifts furnished by Plug Energy Inc.”

The task is predicted to open up a pathway for AES-100 to handle around the globe dilute syngas-to-hydrogen marketplace of more than $50 billion: Hawaii Gasoline presently provides normal fuel from the cracking of naphtha (an oil derivative) the natural gasoline is then consumed by around 1 million clients in heating, cooking, and electrical power apps. In the output of all-natural fuel, there is a resulting small-purity hydrogen squander stream (syngas). Using the modular AES engineering, which selectively separates substantial-purity hydrogen from this squander stream using an electrochemical course of action, Hawaii Fuel will be able to make a new earnings stream, even though concurrently enhancing the top quality, power, and emissions intensity of present purely natural gasoline manufacturing.

The DOE-sponsored challenge is meant to prove AES-100’s capabilities as a scalable alternative to not only improving upon plant efficiencies and carbon footprint – at a time when the power sector is below expanding stress to decarbonize – but also pivoting product choices to the forecast $2.5 trillion hydrogen current market.

ABOUT ABERDEEN Worldwide INC.

Aberdeen Worldwide is a global resource expenditure business and merchant financial institution centered on small capitalization firms in the exceptional metals and renewable energy sectors. AES-100 Inc., an Aberdeen portfolio investment, owns the distinctive legal rights and all intellectual residence pertaining to T2M Global’s Superior Electrolyzer Technique (AES-100) for the production of hydrogen from dilute syngas.

For added information and facts, be sure to check out our website at www.aberdeen.inexperienced

For even more data, make sure you make contact with:

Ryan Ptolemy
Main Monetary Officer
Aberdeen Worldwide Inc.
[email protected]
+1 416-861-5882

This press release contains “forward-seeking data” inside of the indicating of relevant Canadian securities laws. Ahead-seeking facts includes, without the need of limitation, statements concerning: the likely works by using of the AES technological know-how by the US Division of Strength the merits and purposes of the AES engineering the likely value financial savings and cost pros of the AES technological innovation the renewable power sectors, together with hydrogen and the Company’s upcoming plans. Forward-on the lookout data is matter to identified and not known risks, uncertainties and other variables that might bring about the real final results, level of exercise, functionality or achievements of the Organization to be materially distinct from all those expressed or implied by such ahead-on the lookout facts, such as risks inherent in the mining marketplace and threats described in the general public disclosure of the Company which is readily available below the profile of the Business on SEDAR at www.sedar.com and on the Firm’s site at www.aberdeen.eco-friendly/. While the Organization has attempted to identify significant things that could trigger true final results to vary materially from those people contained in forward-seeking information, there could be other variables that trigger benefits not to be as anticipated, approximated or supposed. There can be no assurance that this kind of details will establish to be exact, as true final results and potential functions could differ materially from these predicted in this sort of statements. Accordingly, visitors should really not location undue reliance on forward-wanting info. The Company does not undertake to update any forward-wanting information, except in accordance with applicable securities laws.