- Poland consumes 77 million tonnes of coal per year, making it the
10th largest coal consumer in the world and the 2nd largest in the EU;
- 93% of Poland's electricity comes from coal;
- Poland is one of the largest consumers of low-rank coal in the EU.
VANCOUVER, British Columbia -- (Business Wire)
MicroCoal⢠Technologies Inc. (CNSX: MTI) is pleased to
announce that a joint committee has been established between its wholly
owned subsidiary, MicroCoal⢠International Inc. (âMCIIâ) and a major
European Union coal-fired utility. The purpose of this special committee
is to prepare and evaluate a comprehensive proposal for the
implementation of a MicroCoal⢠clean coal upgrading facility for their
coal-fired power plants in Poland. The parties are developing a mutually
agreed upon schedule of events and foresee delivery of a bulk shipment
of Polish coal in October for testing at its facility in Denver,
Colorado.
While production and use of coal plummets in America, in Europe âwe have
some kind of golden age of coal,â says Anne-Sophie Corbeau of the
International Energy Agency. The amount of electricity generated from
coal is rising at annualised rates of as much as 50% in some European
countries. Since coal is by far the most polluting source of
electricity, with more greenhouse gas produced per kilowatt hour than
any other fossil fuel, this is contradictory to European environmental
aspirations. Burning low-grade coal has historically been a cheaper
means of producing energy but it provides an enormous challenge for any
government attempting to maintain economic growth and comply with the
highly restrictive EU gas emission targets. By utilizing the Companyâs
proprietary microwave coal drying technology a utility can benefit both
through increased factory efficiencies and corresponding net
environmental improvements. For example, various sources, including
DOEâs National Energy Technology Laboratory (NETL), the American Coal
Council (ACC1), EPRI2 and others, state that a 2%
reduction in moisture will reduce CO2 emissions by 1%. Further, a
substantial reduction in sulphur and mercury emission can be obtained by
removing these contaminants using the MicroCoal⢠technology.
Slawek Smulewicz, CEO and Director of the Company, states: âOur
collaboration with a major utility in the EU is a validation of the
MicroCoal⢠technology as part of a global energy solution that improves
the thermal output of coal and reduces the pollution it generates. We
are delighted with our new partnership in Poland for MicroCoalâ¢
technology to optimize the performance of their coal plants. Poland is
one of the largest consumers of low-rank coal. We are excited to see the
global commercial roll-out for this environmentally important and
cost-effective technologyâ
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| 1 |
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Pre-Combustion Clean Coal, October 2008
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Coal Creek Prototype Fluidized Bed Coal Dryer, February 2007
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About MicroCoal Technologies Inc.
The Company is focused on commercializing its unique, clean-coal
technology through its 100% owned subsidiary MicroCoal International
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 utilityâs
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.
On behalf of the Board of Directors,
âSlawek Smulewiczâ
CEO and Director
For further information please contact: |
Â
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Stan Lis
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President and Director,
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MicroCoal⢠Technologies Inc.
Telephone: (604) 676 9792
E-mail: info@microcoal.com |
Â
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FOWARD-LOOKING STATEMENTS
Certain statements included herein, including those that express
management's expectations or estimates of our future performance
constitute "forward-looking statements" within the meaning of applicable
securities laws. Forward-looking statements are necessarily based upon a
number of estimates and assumptions that, while considered reasonable by
management at this time, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. Investors are
cautioned not to put undue reliance on forward looking statements.
Except as required by law, the Corporation does not intend, and
undertakes no obligation, to update any forward-looking statements to
reflect, in particular, new information or future events. Neither CNSX
nor its Regulation Services Provider (as that term is defined in the
policies of the CNSX) accepts responsibility for the adequacy or
accuracy of the release.
We seek safe harbor.
To view this press release as a PDF, please click on the following link:
http://www.usetdas.com/pr/microcoal08142013.pdf.
NR-13-21
Contacts:
MicroCoal⢠Technologies Inc.
Stan Lis, 604-676-9792
President
and Director
info@microcoal.com
Source: MicroCoal⢠Technologies Inc.
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