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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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Saturday, 18 March 23
HEDGE TO OFFSET LNG VOLATILITY, TRADERS TOLD - BALTIC EXCHANGE
A shift in imports from Asia to Europe led to significant volatility in liquefied natural gas shipping last year, prompting industry experts to urg ...
Friday, 17 March 23
INDONESIAN COAL PRICE REFERENCE UP AROUND 2.17% IN MARCH 2023
COALspot.com: Indonesian Coal Price Reference up around 2.17% in March 2023.
According to the new HBA regulation No. 41.K/MB.0 ...
Saturday, 11 March 23
MARKET INSIGHT - INTERMODAL
Uncertainty over the recovery of Chinese demand, demand destruction in Europe, as well as weather conditions will pivot the LNG market this summer. ...
Wednesday, 08 March 23
INDONESIAN COAL REFERENCE PRICE FORMULA HAS OFFICIALLY CHANGED
Indonesian Minister of Energy and Mineral Resources has officially changed the guideline for determining the benchmark price for the sale of coal c ...
Thursday, 02 March 23
INDIA'S SEABORNE CRUDE OIL IMPORTS IN 2022 INCREASED BY 11.5% YOY - BANCHERO COSTA
2022 has turned out to be a very positive year for crude oil trade, despite the surging oil prices and risks of economic recession, Banchero Costa ...
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- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Minerals Council of Australia
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Planning Commission, India
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Agrawal Coal Company - India
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
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