VANCOUVER, May 2 /CNW/ - Carbon Friendly Solutions Inc. (CNSX: CFQ)("CFS") is pleased to announce developments in the ongoing negotiations
between key players in the U.S. coal energy/utility markets and its
subsidiary, MicroCoal Inc. ("MCI"). MicroCoal has demonstrated its commitment to the technology and its rapid
development in distinguished markets by engaging in economic
feasibility studies with large U.S. utilities. This announcement
follows MicroCoal's recent achievement in awarding a patent for the applicable use of its
technology in Australia, adding to the long list of territories where MCI has already been awarded patents (including Russia, Eurasia, Indonesia,
South Africa and New Zealand). MCI is currently in the process of examining its patents in both the U.S.A.
MicroCoal's executives have dedicated the past 4 years to develop strong
relationships with leading energy/utility providers in the U.S.A. A
number of small and large American utilities have engaged with MCI in conducting feasibility and deployment studies of MCI's technology process into existing operations. Recent developments
include detailed discussions with operating and business departments of
significant utilities operating a number of coal-fired plants with
sizes ranging between 120MW and 2,400MW. MicroCoal is now working together with these utilities in detailed studies to
nominate the most appropriate site for the deployment of its first
commercial demonstration plant.
Several small and large plants have encountered operational constraints
and deficiencies resulting from rising costs, increased competition and
more stringent environmental rules. MicroCoal's technology presents significant environmental benefits by converting
low-Btu to high-Btu coal while at the same time reducing sulfur and
mercury emissions and increasing plant efficiency through impacting the
coal's ash mineralogy. Other benefits of the MicroCoal proprietary process include a significant reduction in fuel costs, and
The largest coal reserves on the planet are located in the U.S.A.,
Russia, China and India. According to the BP Statistical Review of
World Energy (June 2010), the US holds 23,830 million metric tons of
coal, of which 12,935 million tons are sub-bituminous and lignite
(Low-rank), constituting 54% of recoverable reserves. This equates to
31.2% of the world's proven sub-bituminous and lignite coal reserves in
About MicroCoal Inc.
MicroCoal Inc. was incorporated in 2005 and currently has its headquarters in Denver,
CO with pilot facilities in Golden, CO. MicroCoal is a clean energy company focusing on commercializing the use of its
patented technologies to decontaminate and upgrade low-rank coals to
match the energy levels of high-rank coals for use by power utilities. MicroCoal's proprietary on-site process not only dewaters coal but also removes
contaminants on site prior to combustion which results in the potential
reduction of GHG emissions and improves fuel efficiency. The reduction
in emissions allows for the generation of substantial carbon credits in
an industry that is one of the world's largest producers of emissions.
Website address: www.microcoal.com
About Carbon Friendly Solutions Inc.
Carbon Friendly Solutions Inc. provides solutions and products for companies, organizations and
individuals looking to reduce or offset their global warming impact
caused by greenhouse gas ("GHG") emissions including the generation of
carbon credits for sale in the global Voluntary and Compliance markets.
Through its subsidiaries: Global CO2 Reduction Inc.,CO2 Reduction Poland Sp. z o.o. and its latest addition, MicroCoal Inc.;CFS is focused on removing and offsetting GHG emissions from the
development of reforestation projects and clean energy technology
projects that are independently validated and verified to globally
recognized standards and methodologies.
Website address: www.carbonfriendly.com
On behalf of the Board of Directors
Carbon Friendly Solutions Inc.
Certain statements included in this News Release contain forward-looking
statements, including disclosure concerning possible or assumed future
results of operations of the Company. Forward-looking statements
typically are preceded by, followed by or include the words -
"believes," "expects," "anticipates," "estimates," "intends," "plans,"
"or similar expressions. Forward-looking statements are not guarantees
of future performance. They involve risks, uncertainties and
assumptions, and the Company's results could differ materially from
those anticipated in these forward-looking statements.
We seek safe harbor.
SOURCE Carbon Friendly Solutions Inc.
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