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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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Friday, 18 November 22
REALITIES OF LOI LIABILITIES - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
The cargo misdelivery claim in Trafigura Maritime Logistics Pte Ltd v. Clearlake Shipping Pte Ltd (Miracle Hope) [2022] E ...
Tuesday, 15 November 22
CHINA SEES RISING COAL STORAGE AMID SUPPLY PUSH - XINHUA
Coal stockpiles at China’s power plants have seen considerable increases, ensuring energy supply for the winter, the country’s energy r ...
Tuesday, 15 November 22
SEABORNE THERMAL COAL PRICES START TO EASE, BUT PROCESS IS UNEVEN - REUTERS
Prices for seaborne thermal coal have started to drop as fears of a winter energy crunch ease, but the rate of decline has varied across the differ ...
Thursday, 10 November 22
INDIA: THERMAL PLANTS HAVE ADEQUATE COAL STOCKS AT 25.6 MILLION TONNES, SAYS GOVT - IANS
The coal stock with domestic dry fuel-based power plants, as on October 31, was 25.6 million tonnes, the government said, adding that the availabil ...
Tuesday, 08 November 22
OUTLOOK ON CHINA’S WEAKENED BASIC MATERIALS SECTOR CLOUDED BY POLICY SWINGS - FITCH RATINGS
Fitch Ratings expects basic materials demand in China to improve qoq in 4Q22, driven by seasonally higher construction activity, solid infrastructu ...
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- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- PTC India Limited - India
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
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- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- The University of Queensland
- Australian Coal Association
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Economic Council, Georgia
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
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