CCR Technologies Ltd. Reports Completion of Snohvit Monoethylene

Tag : monoethylene glycol

CALGARY, ALBERTA--(Marketwire - June 16, 2008) - CCR TechnologiesLtd. (TSX:CRL) (the "Corporation") ( www.reclaim.com ), a leading chemical purification technology solutions and serviceprovider, today announced the completion of its multiyear projectto design and deliver one of the world's largest monoethyleneglycol reclaimers for Statoil Hydro's Snohvit liquefied natural gasplant in Hammerfest, Norway.

The Corporation's CEO, Marcel Kessler, said "We are extremely proudto have our technology in use in yet another of the world's mostchallenging operating environments. We now have monoethylene glycolreclamation units working both offshore and onshore, and in bothtropical and arctic conditions. This testifies to the high qualityof our engineering and CCR's ability to leverage our twenty yearsof experience operating chemical reclaiming systems. I am also verypleased with the way our CCR team worked closely with Statoil Hydroand Linde, the lead contractor on Snohvit, to complete thisproject. We believe that our "one team" approach is critical tohelping clients manage the substantial cost and schedule risks theyconfront on large offshore gas projects."

CCR Technologies purifies process chemicals and natural gas throughthe use of proprietary patented separation technologies. TheCorporation provides environmental and economic benefits to theupstream and downstream oil and gas industries, and is alsopursuing new environmental business opportunities in otherindustries and international markets.

Shares of CCR Technologies Ltd. trade on the Toronto Stock Exchangeunder the symbol "CRL".

The above disclosure contains certain forward-looking statementsthat involve substantial known and unknown risks and uncertainties.These forward-looking statements are subject to numerous risks anduncertainties, certain of which are beyond CCR's control,including: the impact of general economic conditions in Canada andin countries in which CCR and its subsidiaries currently dobusiness, industry conditions, increased competition, the lack ofavailable qualified personnel or management, equipment failures,fluctuations in product prices and in foreign exchange or interestrates and stock market volatility. CCR's actual results,performance or achievements could differ materially from thoseexpressed in, or implied by, these forward-looking statements and,accordingly, no assurances can be given that any of the eventsanticipated by the forward-looking statements will transpire oroccur, or if any of them do so, what benefits CCR will derive therefrom.