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Microcoal Technologies Inc
Symbol MTI
Shares Issued 86,168,336
Close 2014-08-27 C$ 0.20
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Microcoal to build reactor facility in Virginia

2014-08-28 15:49 ET - News Release

Mr. Lawrence Siegel reports


Microcoal Technologies Inc. plans to construct a commercial-scale Microcoal reactor facility located in the Fontainebleau Industrial Park in King William county, Virginia.

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 $2.5-million (U.S.).

Once operational, the Virginia plant is planned to employ six full-time staff that will be responsible for conducting coal testing, and generating data for process and reactor design optimization. Unlike the company's smaller Gaithersburg laboratory that is used for specific parametric testing, the Virginia plant will be designed to allow the company to showcase the complete Microcoal process from start to finish.

Dr. Jim Young, Microcoal's chairman, commented: "This is consistent with the commitment the board of directors made to Microcoal shareholders earlier this year: to have a commercial-scale facility that can demonstrate the viability of our science in North America by first quarter of 2015. We are very pleased with the warm welcome, rapid response and assistance from King William county; Trent Funkhouser, county administrator; and Bret Schardein, community development director, in assisting our efforts to locate here."

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, Colo., 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.

Lawrence Siegel, Microcoal's chief executive officer, stated: "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 posttreatment 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."

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