Marks First Governmental Approval in Brazil
Q4 2022: The commercialization phase of technology is expected to begin
Partnership to Support Anglo Americans Carbon Neutrality Recommendation
MIAMI, March 21, 2022–(BUSINESS WIREeCombustible Energy LLC, a leader in the development and provision of customizable hydrogen-based fuel for industrial applications, has been granted permission by Brazils Ministry of State for the Environment and Sustainable Development for the construction and installation of its fuel supply module patented fuel supply modules at a Brazil nickel mine operated by Anglo American (LSE – AAL), a British multinational mining corporation.
Anglo American is a responsible producer for diamonds (through De Beers), platinum group metals and premium quality iron ore. It also produces metallurgical coal and metallurgical steelmaking coal. Recently, the company signed an agreement to invest up to $800 millions in local operations with Minas Gerais, a mineral-rich Brazilian state.
The permit covers construction as well as environmental approvals for the eCombustibles Anglo American 3-phased project. Phase 1 covers a supply contract for Liquefied petroleum Gas (LPG) to be replaced in the pellet dryers at The Mine with fuel supply modules. These modules are designed to reduce carbon emissions and support Anglo American’s Environmental, Social, and Governance goals. Phases 2 & 3 will replace heavy fuel oil with pulverized coal in kilns to produce a total of 563,000 MMBTU/month, or 225 MW of electricity. These phases are subject to the negotiation of definitive documentation by eCombustible.
Jorge Arevalo, Chief Executive Officer at eCombustible Energy, stated that the approval of our Anglo-American project is a significant milestone for our company as it prepares to enter the commercialization stage with pre-commissioning and commercial start expected to begin in the fourth quarter 2022.
About Anglo American
Anglo American is a global mining company that is a leader in its field. Its products are essential to almost every aspect of modern living. Its world-class competitive operations provide many of the future-enabling minerals and metals for a cleaner and greener world. They also meet the rapidly increasing demands of billions. Anglo American’s people are at the core of its business. It uses innovative practices to find new resources and to mine and process its products safely and sustainably.
Anglo American is committed towards being carbon neutral in all its operations by 2040 as a responsible producer of platinum group metals, diamonds (through De Beers), and metallurgical coal. Anglo Americans Sustainable Mining Plan outlines a series of ambitious goals that will help it work towards creating healthy environments, thriving communities, and trust as a corporate leader. Anglo America collaborates with its business partners, diverse stakeholders, to unlock lasting value from precious resources for the benefit the communities and countries it operates in, as well as for society and its shareholders. Anglo American is reinventing mining to improve people’s lives. Visit www.AngloAmerican.com for more information. www.angloamerican.com.
About eCombustible
Jorge Arevalo (a Miami-based entrepreneur) founded eCombustible Energy, a long-term fuel supply company. It is designed to provide the most heavily dependent industries on fossil fuels with a fuel that is low in carbon, affordable, and does not require any modification to existing equipment. Through independent assessments and testing, eCombustible’s hydrogen-based fuel has been proven to be effective. Visit www.ecombustible.com for more information. www.ecombustible.com.
Forward-Looking Statements
This communication contains forward-looking statements as defined by the federal securities laws. These statements include statements about the potential benefits of the permit and the expectations of eCombustible Energy LLC (together its subsidiaries and divisions, “eCombustible”) regarding the various phases, the anticipated timing for pre-commissioning and commercial start, the belief and expectations of eCombustibles regarding the project’s scope and potential benefits and attributes associated with eCombustibles technology and solution. These forward-looking statements are identified by the words: “believe,” ‘project,” ‘expect,” ‘anticipate,”,”estimate,”,”intend,” strategy,” ‘future, opportunity,” eCombustible Energy LLC (together with its subsidiaries and divisions, “eCombustible”) regarding the various phases of the proposed project, the anticipated timing for pre-commissioning/commercial start, the belief Anglo American will continue to be,” eCombustibles solution and technology eCombustibles potential benefits and attributes of eCombustibles solutions. Forward-looking statements include projections, predictions and other statements about future events. They are based upon current expectations and assumptions and are subject to uncertainties.
There are many factors that could cause future events to differ materially to those described in this communication. These include the possibility that the proposed Business Combination may not be completed in a timely fashion or at all; the risks that the proposed Business Combination may disrupt current plans and operations of eCombustible. Changes in the energy markets in and around which eCombustible operates, including the competitive landscape, technological evolution and regulatory changes; risks associated with the Business Combination and the inability to obtain capital required to provide its services; the cost of eCombustibles fuel; risks that eCombustibles technology will perform as expected; and those that are or will be included in the Registration Statement.
This list of factors is not complete. The above factors should be carefully considered along with other risks and uncertainties. These filings address important risks and uncertainties that could lead to actual results and events differing materially from the statements. Forward-looking statements are only accurate as of the date they were made. Forward-looking statements are not intended to be relied on by the reader. eCombustinble does not assume any obligation to revise or update these forward-looking statement, regardless of whether new information is available or future events.
Additional Information and Where to Locate It
BCAC Holdings, Inc. filed a registration statement on Form S-4 with the U.S Securities and Exchange Commission (the “SEC”) in connection to the proposed business combination between Benessere, eCombustible and BCAC Holdings, Inc. (the “Business Combination”) and its wholly-owned subsidiaries. 333-262669) (the “Registration Statement”). This Registration Statement includes a document that serves as a preliminary prospectus of BCAC Holdings and a preliminary proxy statement of Benessere, and is referred to as a proxy statement/prospectus. The Registration Statement has not been made effective. Following the Registration Statement having been declared effective by the SEC, a final prospectus/definitive proxy statement and other relevant documents will be mailed to Benesseres stockholders as of a record date to be established for voting on the proposed Business Combination. This communication is not a substitute for the Registration Statement, the final prospectus/definitive proxy statement or any other document that BCAC Holdings has or will file with the SEC, or that Benessere has or will file with the SEC or send to its stockholders, in connection with the proposed Business Combination. Investors and security owners of Benessere, eCombustible, and BCAC Holdings should read the Registration Statement and any other relevant documents that were filed or will be filed with SEC in connection to the proposed Business Combination. This information will provide important information about the proposed Business Combination. Investors, security owners, and other interested persons can also obtain free copies of the Registration Statement, proxy statement/prospectus, and all other relevant documents that were filed or will be filed with SEC by BCAC Holdings and Benessere. www.sec.gov.
Participants in the Solicitation
Benesseres, eCombustibles, BCAC Holdings, as well as certain of their respective directors, officers, may be considered participants in the eventual solicitation for proxies from Benesseres stockholders. The proxy statement/prospectus relating to the Business Combination contains information about the interests of Benesseres and eCombustibles as well as BCAC Holdings participants. This information may differ from the interests of Benesseres and eCombustibles stockholders and equity owners generally.
Prospective investors and security holder may find more information about the names and interests of the individuals involved in the proposed Business Combination in BCAC Holdings filings. This includes the Registration Statement and Benesseres filings. Statements of Change of Ownership on Form 4 have been filed with the SEC to reflect any changes in Benesseres securities holdings. Such information will also be contained in the final prospectus/definitive proxy statement when available. These documents can be obtained free of charge from the source mentioned in the previous paragraph.
No Solicitation, Offer or Offer
This communication is not intended to solicit a proxy, consent, authorization or authorization in respect to securities or the proposed Business Combination. It also does not constitute an offer to sell, solicitation of an offer for a buy, or a recommendation of buying any security of eCombustible. No sale of securities shall be made in any jurisdiction or state where such solicitation, offer, or sale would be illegal prior to registration, qualification, or approval by the laws of such jurisdiction.
View the source version at businesswire.com https://www.businesswire.com/news/home/20220321005096/en/
Contacts
CONTACT INVESTOR RELATIONS
Chris Tyson
Executive Vice President
MZ North America
Direct: 949-491-8235
[email protected]
