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Betting on potential
Wyoming could become home for coal refining process
By GREG JOHNSON NEWS RECORD MANAGING EDITOR gjohnson@gillettenewsrecord.net Feb 19, 2017 0
A process that promises to refine coal into a cleaner-burning fuel while increasing its Btu value by about a third could soon find a home in Wyoming.
Clean Coal Technologies Inc., a New York-based energy services company, has completed a test of its process at an Oklahoma coal-fired power plant and is working to move on to the next phase of testing by relocating to Wyoming or Montana, said Clean Coal CEO Robin Eves.
His company’s patented process dries out and reduces a significant percentage of the chemical pollutants from coal while maintaining the ore’s stability. That can be an industry game-changer, he said.
“We can dehydrate coal and we found the secret to stabilizing it,” he said. “The stabilization of (dehydrated) coal has really been the holy grail (for energy researchers).”
During the company’s test at the AES Shady Point plant near Tulsa, Clean Coal Technologies put Powder River Basin coal through its process, said Aiden Neary, the company’s chief operating officer. The result increased the coal’s energy output from 8,000 British thermal units to 12,000 Btu, or an increase of about 36 percent.
Although there is still more research and testing to be done, the promise of increasing the efficiency of coal could be a boon to the PRB and Wyoming, said Robert Godby, director and associate professor of the Department of Economics and Finance at the University of Wyoming in Laramie.
The trick is to make the process economical enough while handling the large volumes of coal that can be produced in the basin.
“Anything that makes Powder River Basin coal more productive is good for the Powder River Basin,” Godby said. “As long as it’s cost-effective and as long as this technology is not so expensive, if we can use our coal assets and find new markets for it, that would be great.”
Both Eves and Neary said that by increasing the Btu value of already low-cost Powder River Basin coal, producers can charge more for a premium product while still maintaining an industry-low price point.
On the heels of Japan recently announcing its plans to build 45 new coal-fired power plants, the export market for the treated coal could be huge, they said.
“(Japan) is looking at coal as being an economically viable, safe form of energy in the future,” Eves said, adding that India also is a potential market. “That’s our ideal scenario. We feel this will certainly help the U.S. coal industry … and with the change in the administration in Washington, we have a lot of support now (for fossil fuels) that wasn’t there a year ago.”
The company has partnered with the states of Wyoming and Montana, along with the U.S. Department of Energy.
Clean Coal hasn’t decided exactly where to relocate its processing plant, but both Eves and Neary said a mine near Gillette could be ideal. That’s because not only will there be access to large volumes of coal, the extensive rail system will make it feasible to import various types of coal from other parts of the world for testing too.
If successful, the end goal would be for mines to lease or buy their own Clean Coal processing systems to “refine” the ore before it’s shipped. The process also eliminates coal dust, one of the main arguments environmentalists in Oregon and Washington have cited in blocking coal from being shipped to their ports for export.
“We believe our technology can significantly increase U.S. exports,” Eves said. “The market for this coal is significant. … The PRB still has one of the largest coal reserves in the world.”
Still hurdles to clear
While the potential for refining PRB coal into a better product is exciting, Godby also urges caution. The industry still is reeling from a significant bust that saw production levels crash. And while the idea of exporting coal seems logical, there still is a huge question about how Wyoming can get its coal to those overseas markets.
“The problem you face with exports is, first, we’re not the only place that produces coal and Southeast Asia is a long way away,” he said. “It’s unclear what the demand for coal is going to be in that region. China is kind of the elephant in the room. It all depends on what China does, and China has recently committed to climate change regulations.”
Overall when it comes to exports, Godby said the most likely markets for the United States are South Korea and Japan.
“I’m cautious,” he said. “We’ve been hearing about coal export markets for a half a decade” and are no closer to making it happen. “The short of it is, exporting coal is still a really heavy lift.”
Most industry analysts agree that United States’ coal production likely is decades away from achieving the high production levels it had about 10 years ago.
If export markets could be opened and if the basin’s producers can move its coal to western ports, Clean Coal’s processing plant has potential to not only increase employment at mines to handle higher production volumes, but also to man the ore refining equipment, Eaves said.
“The primary objective is we’re really not talking about cleaning coal up any longer,” he said. “We’re talking about making a more efficient fuel, a more cost-effective fuel and create jobs. If we start deploying plants in the states, that will create jobs for the miners … and create jobs for the railway.”
Potential vs. perception
While many Wyoming industry insiders recognize the potential of dehydrating coal, the reality is it’s not a new idea. Researchers for decades have been unsuccessful in creating a stable way to dry out coal, a problem Clean Coal Technologies Inc. says it’s solved.
“If their process can deliver what they say it can deliver — a very stable product with no fear of spontaneous combustion — there are many, many applications for it,” said Jason Begger, executive director for the Wyoming Infrastructure Authority.
Begger spoke with Clean Coal officials last week and will guide them through a visit to Gillette later this month. He said the potential for producing an economical, higher-Btu coal from the Powder River Basin can be huge.
And while the company has been working out its process for the past nine years, the first hurdle to clear is convincing the industry it really has solved the stability problem.
“One of the big things always with coal drying is there’s going to be some skepticism within the industry,” Begger said. “Until they’re able to successfully replicate their results at scale, that’s when the commercial applications will get involved.”
Volume also becomes an important factor, he said. Even in the industry’s “new normal” of reduced production, the basin still mines hundreds of millions of tons of coal a year. If Clean Coal’s process can’t handle volume like that, it limits the scope of how useful it would be for companies here.
An economic opportunity
Locating its plant somewhere near Gillette would be a boon for Clean Coal and Campbell County, said Phil Christopherson, Energy Capital Economic Development CEO. He’s also talked with Clean Coal officials about the advantages of operating here.
Those include close access to Powder River Basin coal, national railroad routes, close proximity to one of the nation’s newest and most advanced coal-fired power plants in Dry Fork Station and potential locations like the former Fort Union mine site.
More importantly, it adds another potential option for diversifying Campbell County’s coal industry, Christopherson said.
“Anything that we can do that will improve coal, either value-added or make it cleaner with more Btus is good,” he said. “There are a lot of very smart people out there who have ideas and are able to develop technologies, and that’s great.
“I’d love to see this come to Gillette. Based on some of the past things that have been tried (with drying coal), there is some skepticism there. But if they’ve solved that problem …”
There are still a lot of ifs to be crossed off, but Clean Coal officials progressed past just saying they have a good idea, he said.
“At the end of the day, they have to produce a product that makes money and that customers want so the mines can sell it,” Christopherson said. “It would be a very good thing for us if this comes through, and they’re taking the right steps.”
The bottom line, he said, is Campbell County and Wyoming have to diversify their economies, which is more than just luring other industries to locate here, he said. It also includes creating other industries that uses coal “as a raw material to produce things other than energy.”
“As long as we rely on minerals, we’re going to have a boom-bust economy,” he said. “One way to (diversify) is to find out what we have here and fund an industry that uses that product to create something new.”
That’s already happening in Campbell County with Atlas Carbon producing activated carbon for filters and Rex Carbon, which has committed to build another activated carbon plant on land near Cam-plex. The Integrated Test Center is under construction at the Dry Fork Station plant north of Gillette, a $21 million facility dedicated to researching how to capture carbon dioxide emissions and repurpose the CO2 as a viable product.
“Another way to diversity is to find manufacturers that will use our raw materials to make something different, and that’s what Rex Carbon and Atlas are doing,” Christopherson said. “If we could build a broad manufacturing base here, that will draw other industries.”
Wait and see
For now, the company said it will search for a spot to relocate to within Wyoming or Montana and expects to be running coal through its process again within a few months.
Whether or not that happens near Gillette, a lot of eyes will be watching to see if the end result is an economical, viable process that coal producers will want to use, Godby said.
“The technology promises to make coal burning more efficient, and that reduces the cost and makes coal more competitive as a generation fuel,” he said. “And that’s good for Wyoming. There is never anything wrong with becoming more efficient.”
Begger said his upcoming meeting with Clean Coal Technologies officials is the first step in trying to convince the company that not only should it locate its test plant in Wyoming, it should be near Gillette.
“In my mind, there’s a great opportunity right there with the infrastructure on the research and development scale already,” he said. “There are so many positive outcomes if they can make this happen. … For us, just looking at it and keeping those lines open in an exploratory sense (can help).”
That the company’s first test at a coal-fired power plant using Powder River Basin coal was so successful makes Clean Coal’s efforts worth taking seriously, Christopherson said. And for those skeptics molded by years of failing to make dry coal work, he has a message.
“The Wright Brothers also weren’t the first ones to try to fly,” he said. “Eventually, somebody’s going to try (with coal) and figure this thing out.”
Good news about Bird Home. Thx for the update!
On another note...I was bidding @.0004 today and they gave me a 100,000 fill @ .0001. Manipulation still going on, in my eyes. Fills like this make me more positive yet since they are willing to sell to me below my bid just to project weakness. Guess that matched trade crap is just that....This same type of fill has happened several times with my Revo buying these last few months.
Thanks Again
Had a 80,000 REVO share order at .001 to round out my total in one of my accounts and they filled me at .0008 a few minutes ago.
Have another order in for 200,000 at .001 in a trust account since yesterday morning and still no fill.
Anyone looking to sell?
Anyone care to speculate why the Revo BOD replaced Mr Carter with Ali?
More news coming?
Wow...Hard to believe....REVO news...2017 the year of
Revolutionary Concepts Inc.
Thank You for your continued updates this last year on the ongoing REVO court proceedings!
Hope all REVO shareholders reading this have a Happy and Rewarding 2017.
Got lucky this AM. Just got home and my GTC REVO order was filled for 200,000 at .0005 that I placed a abt a month ago! Bidding for more....Anyone else wanting a year end tax sell?
I just moved my 200,000 back to .001 after ur post. I`m with TDAmeritrade also. Weird that I just got a fill after tryin all morning @ .001. Was that you? Thx if so...
Where did the .001 seller go? Been trying all morning for 200,000 more @ .001 to no avail. Moved up to .0011 and still no luck. Any sellers out there wanting a year-end tax sell?
Company Sold?
Sure looks like Ring is the big winner in the video doorbell market over Revo and it`s Shareholders.....At this point in time anyway. Really hope our patents hold up in court and we can start collecting our long overdo rewards in the near future. A letter to us long suffering shareholders would relieve a lot of concerns/doubts.
Many Thanks...For keeping us "out-of-the-loop" shareholders updated on current Revo info!
Ring.com is airing ads on TV numerous times a day. In one of the commercials the man says this Video Doorbell is "My Invention". Hmmm
Trump won't defend Obama's climate plan in court
The plan is also considered a threat to the long-term viability of the coal industry, and repealing it is part of meeting Trump's commitment to coal country and saving mining jobs.
http://www.washingtonexaminer.com/trump-wont-defend-obamas-climate-plan-in-court/article/2607306
President-elect Trump's plan to bring back the coal industry will likely start by scrapping the Environmental Protection Agency's climate change agenda, according to a newly appointed member of his transition team.
http://www.washingtonexaminer.com/trumps-plan-to-bring-back-coal-country-places-epa-in-crosshairs/article/2607222
Trump's key economic adviser Stephen Moore says: the USA should burn much more coal and the US should also be producing as much coal as we can along with oil/natural gas so to become an energy superpower.
http://www.dailymail.co.uk/money/news/article-3930382/Defy-Stalinist-global-warming-rules-burn-coal-says-Trump-s-key-economic-adviser.html
DJ TRUMP CONTRACT WITH THE AMERICAN VOTER (Coal)
Seven actions to protect American workers:
FIFTH, I will lift the restrictions on the production of $50 trillion dollars’ worth of job-producing American energy reserves, including shale, oil, natural gas and clean Coal.
https://www.donaldjtrump.com/press-releases/donald-j.-trump-delivers-groundbreaking-contract-for-the-american-vote1
Just became the owner of 500 more shares of revo today. Soooo Rigged.
Only need 499,500 more to complete my fill at .0005 and have another bid in for more at .0002. Any other sellers out there wanting to sell for a whopping 25 cents? LOL
Agree....Wanted more but didn`t get filled. Had a another bid in for more then the 100,000 shares sold at .0003 and higher then .0003 but they leaped over me to paint the tape downwards, in my opinion, only seconds after my buy/fill. That .0003 paint job gave me a little more confidence that they are rigging the share price downwards for a reason.
For better or worse I bought the 200,000 @ .001 today. Filled almost immediately. Have other bids down further. Guess I`ll go down or up with the ship...lol
I really don`t understand why REVO management can`t at least put out a letter to their shareholders explaining what they are doing or planning to do..."IF ANYTHING"
I`ve also wondered why these long peeps haven`t been buying more. If they are sooo positive on Revo`s future??
Just their buying alone should have Revo way over the one cent mark by now. I know...I know they already have plenty of shares even though they are convinced of a Revo moonshot in the future. You would think they would buy more anyway and donate the money earned to charity. Guess they aren`t "That" sure! Or maybe they just don`t want to be greedy. lol
Or is it just possible that these longs defending management over their continued silence were also scammed by Revo/EyeTalk and management posting under the name of Notimpressed....that conveniently disappeared after the fleecing of the sheep.
I also received the 1st. Now we wait for the 2nd RINO check.
Just called RINO Securities Litigation
at 866-274-4004.
Said claims closed 12/2015. Said takes 6 months to a year and more
before claims are paid. Still in the processing faze.
If you received the first settlement payment, you are automatically entered in the 2nd settlement and you have to do nothing.
I asked and "No" time table was given.
Guess we wait....
I still haven`t received RINO`s last settlement check.
Have you or anyone reading this received theirs yet?
Many Thanks!
My family and myself have finally admitted to ourselves today that all is now lost....:(
REVO has been on the grey market for going on a year now "Without" one peep from so-called Management.
What happened to these fine predictions from this IHUB REVO board?
Shareholder meeting by end of 2015? 211 filed any-day? Possible update by end of 01/16? Dividends? Buyout? Managed Trust? etc...etc? Price of REVO and their valuable patents?.....$.0003
Can anyone explain why these companies
that have licensed REVO patents aren`t apparently buying shares? If by chance they are they sure aren`t buying many....Daily/Weekly/Monthly low volume confirms this, IMO
Even on the grey market, if these companies that have settled thought that the patents were golden....shouldn`t the price be much higher if they were all actually trying to buy? These whales, even with all the manipulation in the greys, should be getting fills with their vast street connections and the large number of shares they would seemingly desire.
Since it really looks as though they aren`t buying much....Is there a logical reason why they aren`t?
Does anyone here still believe we could at least get a 3 cent buyout for our REVO shares? Or is even 3 cents a pipe dream now....Looks more depressing everyday for us dedicated longs
Doesn`t cost anything to call to be absolutely sure. Only took 3-4 minutes max. Per your last post, I agree. It is really hard to believe with all the pollution in China.
I also received money from RINO on the first settlement but had forgotten all about it.
I called the number on this 2nd settlement form that I received last week.
They looked me up and said I didn`t need to submit this new form since they had all my past info in their files.
Said...I was already qualified for the 2nd Settlement and I didn`t have to do anything else but wait.
Wish they would open Facebook to all of us committed die-hard shareholders or come over to IHUB and post as a few do. Twice I was on pending status.....Twice pending disappeared. Just want to read not post....Frustrating not having a clue to as what is going on with REVO but what is posted here.
I`ve bought shares of REVO "Grey" on several occasions through TDAmeritrade for their normal commission of $9.99 a trade.
I`m Charles Jr. My late Father (Charles H.) tried joining Revo facebook in the past but to no avail. I had lost the link until posted here yesterday.
I`ve never personally had a facebook account but being the trustee of my Father`s estate the Trust still holds Revo shares. I manage for my Sisters and myself my Fathers`s Trust with TDA. I also have REVO in my personal account but only keep his Facebook account that I`ve keep active for my Family`s sake.
I would appreciate being accepted into the group if possible and will apply as soon as this is posted.
Many Thanks!
For the record I am a big believer in Revo and currently bidding for more but can`t understand why management can`t in some way update their very loyal shareholders on the current situation.
It was posted here in early August that a shareholder meeting was possibly planned before the end of the year 2015 but having heard nothing since maybe the poster was just misinformed. I`ve tried emailing Revo "very" politely on several occasions but have never received a response.
Others here have claimed they have communicated with them
so why can`t they PR or email the shareholders of record with A Letter to the Shareholders?.
Could anyone please provide a link to the Facebook page?
Thanks!!
Anyone having any luck buying more REVO?
I received a small fill earlier this month but haven`t
had any luck since. I`ve moved my bid around daily and always
higher then today`s .0004.
I`ve been trying to buy more REVO.
I got a small partial fill the other day @ .0005 when I was bidding @ .0009. Changed the rest of order the next day to .0005 and so far...still no luck.
Anyone reading want to sell? I`ve spent more on lotto tickets then at this current s/p.
I would like to "Thank You" for your posts here on REVO board.
Not having access to the Face Book Revo page I really appreciate you and others that continue to post here. Bought a few more today while waiting. (partial fill)
Thx Again
I bought REVO at .0009 a few weeks ago through TD Ameritade.
Also have a GTC REVO open order in now at .0002 with TD Ameritade.
Online order submitted without calling in. Cost was the normal $9.99 trade.
Last week I was trying to buy few more REVO shares at .001 while they are still cheap. All day with no fill even when sales were going off at .0009.
Dropped my order to .0009 and it then filled 5-10 minutes later. Seems like some games being played here in REVO land.
I rarely post on any board but this is the "Worst" POS I ever bought into!! I don`t believe "One" word the CEO
says after this nightmare. Never ending supply of shares.
Anyone care to predict the chances of a class action lawsuit after today or is there not enough assets in ECIGD to make a lawsuit worth the lawyers efforts/time?
TIA