MicroCoal Technologies Inc. (CSE:MTI,OTC:CFQSF,FWB:OFS.F) is planning the construction of a commercial-scale facility in King William County, Virginia. the plant will be designed to showcase the complete MicroCoal process from beginning to end.
As quoted in the press release:
MicroCoal entered into a three-year lease with an option to purchase five acres of industrial-zoned land. The Virginia Plant will be designed to feature a raw materials storage/handing facility, offices and laboratory space, welding/fabrication area, and a fully operational MicroCoal® commercial scale reactor. The Company expects construction to be completed in the first quarter of 2015, at a currently estimated cost of approximately USD $2.5 million.
The construction of the Virginia Plant represents an important expansion of the Company’s research and development program, from a single-reactor pilot facility in Golden, Colorado, to a full-scale demonstration plant. The reactor configuration planned for deployment at the Virginia Plant will be designed to showcase new improvements for throughput and dehydration rates that will be featured in MicroCoal’s Generation 2.0 system.
MicroCoal CEO, Lawrence Siegel, said:
The Virginia Plant can not only serve to attract utilities, but will assist the Company in refining every step of the MicroCoal process, from coal handling/processing to post-treatment storage and end-use at the utility site. As we continue to progress the installation of our first commercial facility in Indonesia, data generated at the Virginia Plant will help ensure that this operation is a success and cement our legacy as the world’s first successful microwave-based coal drying system.
Get the top stories on resource investing FREE!Learn what is going on before you buy from this FREE Special Report, Who is Kitco? to US Mint: Sold Out! – Top Articles from Resource Investing News.