April 26, 2010 |
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Radar Acquisition Corp. (Radar) announced April 15 that it has signed a licensing agreement with C2E Global Ltd (C2E) for the exclusive rights to a proprietary Coal to Liquids Technology (CTL-T). The CTL-T converts coal into liquid fuels (e.g. oil, jet fuel) at an economical cost with zero air born emissions. An existing plant in China is currently using CTL-T and has the capability to produce 100,000 tons of fuel oils per annum which is approximately 1,900 barrels of oil equivalent per day. The agreement provides the company with an opportunity to further develop its coal portfolio and Radar will, in particular, be focused on leveraging this technology on its existing coal resources and assets in Alabama and Colorado. Radar and C2E will jointly fund all project feasibility costs at a rate of 50% each. The term of the Agreement is for a period of 3 years. *Source Zeus Syngas refining Report April 23, 2010
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- 2010-10-07 According to a report by China's Xinhua News Agency, China is expected to have the world's largest coal-conversion industry by 2020.
- 2010-10-19 October 19, 2010 Notice to Shareholders available under Investors (News Releases).
- 2010-10-06 Prof. Frank Clemente, "the world is turning to coal," by 2030, coal consumption will have increased by 53% and coal-fired power generation by 85%. Coal will account for 48% of global incremental electricity generation over the next 20 yrs.
