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carbon friendly solutions (CFQ) Snapshot

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carbon friendly solutions (CFQ) Details

MicroCoal Technologies Inc. focuses on commercializing clean-coal technologies to dewater, decontaminate, and upgrade coals for use by power utilities and coal companies. It offers MicroCoal technology, a microwave technology to transform coal and other minerals into industrial materials. The company was formerly known as Carbon Friendly Solutions Inc. and changed its name to MicroCoal Technologies Inc. in June 2013. MicroCoal Technologies Inc. is based in Vancouver, Canada.

carbon friendly solutions (CFQ) Top Compensated Officers

Co-Founder, Director and Member of Audit Comm...
Total Annual Compensation: C$410.4K
Compensation as of Fiscal Year 2013.

carbon friendly solutions (CFQ) Key Developments

MicroCoal Technologies Inc. Repays Loan from its Chairman

MicroCoal Technologies Inc. announced that it has repaid in full its outstanding loans from its Chairman in the aggregate principal amount of USD 1,125,000 plus accrued interest.

MicroCoal Closes Joint Venture Agreement with an Affiliate of Jiu Feng Investments Inc

MicroCoal Technologies Inc. announced that it has closed its previously announced joint venture agreement with an affiliate of Jiu Feng Investments Inc. (JFI). The joint venture has already begun operating a significant research and development facility in China which expect will not only provide valuable data to enhance Generation 2.0 series of reactors under construction in Virginia, but also as a demonstration facility for potential customers in China and elsewhere in the region. Pursuant to the terms of the Agreement, MicroCoal and the JV Partner have formed a corporation domiciled in Hong Kong (JVCO) in which MicroCoal holds a 51% equity interest and majority position on its Board of Directors. JVCO is expected to carry on its activities throughout China, Hong Kong, Taiwan, Macau and South Korea.

MicroCoal Technologies Inc. and Cadila Pharmaceuticals Limited Enter into Joint Venture Agreement for India

MicroCoal Technologies Inc. announced that it has signed a definitive investment agreement with an affiliate of Cadila Pharmaceuticals Limited and has entered into a joint venture agreement with Cadila for the Republic of India. Under the terms of the JV Agreement, MicroCoal and Cadila have agreed to form a corporation domiciled in India in which MicroCoal and Cadila will each hold a 50% interest. JVCO is expected to carry on its activities throughout India, and its key functions are planned to include: establishing and operating a testing/demonstration facility for the purpose of demonstrating the cost effectiveness of MicroCoal's technology to companies in the coal mining or coal-based electricity generation industries in India; marketing and promoting MicroCoal's technology throughout India; and developing one or more commercial-scale facilities in India based upon or incorporating MicroCoal's technology. Pursuant the JV Agreement, the parties have agreed to enter into an intellectual property license agreementwhereby MicroCoal will contribute its technology to JVCO by granting JVCO a fully paid up license to, among other things, research and develop and commercialize MicroCoal's intellectual property in India. The license agreement will permit JVCO to establish a testing/demonstration facility in India, utilize the MicroCoal trademark to market the technology in India and develop or sell commercial facilities. Closing of the Investment and the JV Agreement is subject to customary closing conditions, including receipt of any required regulatory approvals.

 

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