Item 1.01. Entry of a Material Definitive Agreement.
On September 13, 2018, American International Ventures, Inc.’s acquired an undivided 100% right to US Patent number 7,608,170, B1 issued October 27, 2009 from Hydrocarbon Conversion and Sequestration Systems, LLC, a Pennsylvania Limited Lability Company to develop and construct Coal to Liquids plants Worldwide. The process further enhances the abilities of AIVN in Indonesia as part of that nations move toward jobs creation through “value added” processing of low rank coal (LRC) onshore. The patent will also be utilized in building domestic plants in West Virginia and other coal producing states (USA).
In acquiring this patent, AIVN continues to build its base of “clean coal” technologies.
American International Ventures, Inc will utilize this Process for Depolymerizing Coal to produce Bunker Fuel, Pitch and “light end” Naphthalene classed derivatives. The overall process can yield up to four (4) barrels per ton using (LRC) as a feedstock.
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