Indonesian Company Purchases MicroCoal Technologies’ Clean Coal Upgrading Facility

MicroCoal Technologies Inc. (CNSX: MTI) (the “Company” or “MicroCoal”, formerly Carbon Friendly Solutions Inc., CNSX: CFQ) is pleased to announce that its wholly owned subsidiary, MicroCoal International Inc. (“MCII”), has entered into a sales agreement (“Master Agreement”) with PT Wijaya Tri Utama (“PWTU”). It provides for the design, construction, operation, and maintenance of the first MicroCoal™ commercial facility utilizing the Company’s proprietary ground-breaking coal drying technology (the “Facility”). The contracted price for the construction of the Facility’s installation is USD $6,000,000 (“Construction Fee”).

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Posted July 30, 2013 by repit in News

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