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Tuesday, 30 July 13
WIJAYA TRI UTAMA PURCHASES MICROCOAL TECHNOLOGIES' CLEAN COAL UPGRADING FACILITY
 - First MCI commercial scale application of proprietary microwave technology to upgrade coal thermal output and reduce pollutants
- MicroCoal to receive US $6 Million installation fee and annual fees for six years
MicroCoal Technologies Inc. (formerly Carbon Friendly Solutions Inc.) has announced that its wholly owned subsidiary, MicroCoal International Inc. (“MCII”), has entered into a sales agreement (“Master Agreement”) with PT Wijaya Tri Utama (“PWTU”).
According to company's statement posted on company's website, It provides for the design, construction, operation, and maintenance of the first MicroCoal™ commercial facility utilizing the Company’s proprietary ground breaking coal drying technology (the “Facility”). The contracted price for the construction of the Facility’s installation is USD $6,000,000 (“Construction Fee”).
The statement further said that, a portion of the Construction Fee is to be paid up front, with the balance of the funding for the Facility to be secured by an irrevocable letter of credit arranged by PWTU for the benefit of MCII. In addition to the one time Construction Fee, PWTU has agreed to pay MCII an annual fee for a period of six (6) years and maintenance fees pursuant to the supporting agreements to be entered by the parties.
The Facility will be located on-site at the PWTU coal-fired power plant on the island of Kalimantan, Indonesia and will be designed to upgrade the calorific value of approximately 190,000 tonnes per year of low-rank coal (approximately 8,000 Btu/lb.) to a higher calorific coal (approximately 9,000 Btu/lb.) by removing up to 10% of the total moisture. MicroCoal has concluded that its technology can substantially increase the calorific content of this specific low-rank Indonesian coal above 11,000 Btu/lb. by further reducing the moisture content.
Slawek Smulewicz, CEO and Director of the Company, states: “The execution of this Master Agreement is a validation of the importance of our technology as part of a global energy solution that improves the thermal output of coal and reduces the pollution it generates. We are extremely delighted that PT Wijaya Tri Utama has purchased the MicroCoal technology to optimize the performance of their coal plant, as Indonesia is one of the world’s largest consumers of low-rank coal. This first commercial installation will serve to showcase the scalability of our modular microwave coal drying technology, which we plan to apply to coal-fired power plants worldwide. We are very excited to see the global commercial roll-out for this revolutionary technology.
About MicroCoal Technologies Inc.
The Company is focused on commercializing its unique, clean-coal technology through its 100% owned subsidiary MicroCoal Inc. MicroCoal is a low-cost, internationally patented microwave technology that reduces moisture in low-rank coal, thereby upgrading the energy content of low-rank coal comparable to that of more expensive high-rank coal.
One of the keys to commercial success for the application is its integration directly on-site at the utility's location, thus providing direct access to unused electricity during off-peak times.
The resulting effect is that the power required in the drying process has a greatly reduced input cost. Nearly all coal-fired utilities world-wide will now be able to switch to lower cost, low-rank coal and obtain substantial economic and environmental benefits, including major reductions in fuel costs, improved boiler efficiencies, and up to a 70% reduction in emissions of SOx, NOx and mercury. (Source: Company's website)
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Sunday, 10 September 23
CHINA AUGUST COAL IMPORTS OF 44.3 MLN T HIT RECORD - REUTERS
China, the world’s top coal consumer, imported 44.3 million metric tons of the fuel last month, customs data showed, the highest amount in an ...
Tuesday, 22 August 23
CHINA'S COAL PRODUCTION LOGS STEADY GROWTH IN JANUARY-JULY: XINHUA
China’s output of raw coal went up 3.6 percent year on year in the first seven months of this year, official data showed.
The ...
Sunday, 13 August 23
THE COMMODITIES FEED: LNG SUPPLY RISKS LINGER - ING
Energy – OPEC sees deficit over remainder of 2023
Oil prices came under some pressure yesterday with ICE Brent settling a litt ...
Wednesday, 09 August 23
COAL TRADE TO RETURN TO 2019 LEVELS - BALTIC EXCHANGE
The International Energy Agency’s mid-year Coal Market Update for 2023 brings both positive and concerning news for the global coal industry. ...
Sunday, 23 July 23
ANALYSIS-INDIA'S COAL MINING BET STUMBLES AS WARY BANKS WEIGH RISING RISKS - REUTERS
India’s drive to ramp up coal output to meet growing energy demand is faltering due to banks’ reluctance to finance newly auctioned min ...
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- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- Planning Commission, India
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- New Zealand Coal & Carbon
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- Wilmar Investment Holdings
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- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
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- Toyota Tsusho Corporation, Japan
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- Global Coal Blending Company Limited - Australia
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- The State Trading Corporation of India Ltd
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- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
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- Renaissance Capital - South Africa
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- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
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- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
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- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
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- Ambuja Cements Ltd - India
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- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
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- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
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- International Coal Ventures Pvt Ltd - India
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- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- The University of Queensland
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
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- Malabar Cements Ltd - India
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- Parliament of New Zealand
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- Australian Coal Association
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- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Mjunction Services Limited - India
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
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