MicroCoal Technologies announces that US$1.32 million has been received as part of agreements with PT Wijaya Tri Utama for the purchase and construction of a MicroCoal clean coal upgrading facility in Indonesia. The completed contract price is US$6 million.

In addition to the agreed contract price, MicroCoal will receive an annual royalty fee of $360,000 (6% of the construction price) for a period of six years after completion, plus maintenance fees.

MicroCoal Technologies is focused on commercializing its unique, clean-coal upgrading technology known as MicroCoal - a low-cost, patented microwave technology that reduces moisture in coal resulting in an upgraded energy content of coal.

Resource Center Whitepapers, Videos, Case Studies

Conferences & Events

No events