MicroCoal™ Sponsors the 12th Clean Coal Forum Indonesia, 2013
VANCOUVER, British Columbia--(BUSINESS WIRE)--MicroCoal™ Technologies Inc. (CNSX: MTI) (Frankfurt: OFS.F) (OTC: CFQSF):
- Asia’s premier coal conference with a sustainable development focus
- Addresses the most critical industry issues affecting clean coal in Indonesia
MicroCoal™ Technologies Inc. (CNSX: MTI) (Frankfurt: OFS.F) (OTC: CFQSF) is pleased to announce that it has had the opportunity to be a lead sponsor, exhibitor and keynote speaker at the 12th Clean Coal Forum Indonesia 2013 being held on December 4th and 5th in Jakarta, Indonesia. MicroCoal’s keynote address to the assembly will be given by Dr. James Young, Chairman of the Board of MicroCoal™. Slawek Smulewicz, CEO, will also be in attendance to represent MicroCoal™ for corporate meetings and presentations to both industry and Government officials.
The conference is organized by China Decision Makers Consultancy (CDMC), China’s biggest large-scale B2B event company. This conference is the largest of its kind in SE Asia and provides a valuable platform for MicroCoal™ to showcase its latest and most advanced clean coal technology to the Asian marketplace.
Indonesia exports approximately 75% of all thermal coal produced in SE Asia and its production of thermal and coking coal is forecast to hit 380 million tons in 2012, up 5.5% on this year’s estimate. The Energy Ministry’s forecast for coal production next year is 332 million tons, but that estimate does not include the output of smaller mining companies. About 62% of Indonesia’s coal production is categorized as middle-calorie, which is used to fuel power plants at home and abroad.
Slawek Smulewicz, CEO and Director of the Company, states: “I am looking forward to MicroCoal’s sponsorship and participation at this year’s Clean Coal Forum Indonesia 2013 in light of the fact we will be inaugurating our first MicroCoal™ clean coal facility on the island of south Kalimantan in Q2, 2014. In addition to this commercial project, I am very encouraged by the interest which has been generated for MicroCoal™ from leading utilities in the US and around the world to build commercial installations that will reduce costs, enhance the performance of their coal powered facilities, and improve the quality of the environment.”
About MicroCoal™ Technologies Inc.
The Company is focused on commercializing its unique, clean-coal upgrading technology known as MicroCoal™; a low-cost, patented microwave technology that reduces moisture in coal resulting in an upgraded energy content of coal. This process provides significant financial benefits to coal-fired electrical generating utilities such as: large cost savings from switching to low-rank coal, substantial increases in boiler efficiencies and heat output, improved ash efficiencies and reductions in scrubber costs. Important environmental benefits including reductions in most greenhouse gases (SOx up to 70%, NOx up to 50%, CO2 up to 17%) and mercury are also key primary benefits from implementation of this technology. The Company is currently constructing the first commercial facility in Indonesia with other projects soon to be announced.
We seek safe harbor.
On behalf of the Board of Directors,
CEO and Director
For further information please contact:
MicroCoal™ Technologies Inc.
Telephone: (604) 676 9792
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.