Evergreen Energy Inc. (NYSE:EEE) announced the results of testing of samples from the Penrhyn Coal deposit.

The press release is quoted as saying:

Evergreen is delighted to announce that the results indicate significant moisture removal and concomitant heating value improvement were achieved by the process. Moisture in the raw coal from Penrhyn was reduced significantly and the resulting K-Fuel^® product was of a steam coal/thermal coal quality.

To read the full press release, click here.