CoalTek Overview
CoalTek converts the world's most abundant energy source into "clean coal" for a cost at or below the world's highest quality raw coals.
CoalTek's goal is to provide a clean, cost-effective, alternative fuel that addresses today's power demands and increasing environmental challenges. Our proprietary technology uses electromagnetic energy to reduce the moisture, ash, sulfur and mercury in coal...More»
CoalTek converts the world's most abundant energy source into "clean coal" for a cost at or below the world's highest quality raw coals.
CoalTek's goal is to provide a clean, cost-effective, alternative fuel that addresses today's power demands and increasing environmental challenges. Our proprietary technology uses electromagnetic energy to reduce the moisture, ash, sulfur and mercury in coal and to make it burn more efficiently and cleanly. Coal processed with our technology is a stable, high-quality end product that allows power generators to optimize efficiency and increase yields.
The CoalTek process was developed, tested, and proven over eight years by Dr. Jerry Weinberg, the company's co-founder, along with chief geologist Neil Ginther. CoalTek opened its first commercial processing facility in Calvert City, Kentucky in 2006.«Less
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Funding
| Date | Type | Capital Amount | Post-Money Valuation | Investors |
|---|---|---|---|---|
| 2006 | Series B | 10M | Unknown |
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Products
| Name: | Clean Coal |
| Product URL: | http://www.coaltek.com/products.html |
| Description: | We are producing a stable, environmentally friendly product at a scale and capacity that provides immediate value to businesses. CoalTek converts low-grade raw coal into high-grade, environmentally friendly, clean coal at its commercial processing facility at the Calvert City Terminal in Kentucky. Our CoalTek product can be created using a single feedstock or multiple, blended feedstocks, and can be processed to our customer's specifications. The cost of our clean coal products compares favorably with high BTU raw coals. As an example, CoakTek can convert low-BTU, sub bituminous coal from Wyoming's Powder River Basin to a high-heat, ultra low-sulfur product as an alternative to Appalachian and Colorado coals. |
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