4Energy Invest has supplied an European utility with Bio-Coal made from black torrefied wood chips produced by its industrial size Bio-Coal production unit located in Amel (Belgium).
The objective of the utility was to co-fire the Bio-Coal together with fossil coal. The outcome of the test was successful, meaning that a combination of the Bio-Coal & fossil coal has been used in an existing coal fired station during around 20 hours. This result is encouraging as no prior modification or investment was made to the existing coal fired station and the Bio-Coal has been processed through the complete existing fossil coal handling chain.
4Energy Invest continues its search for a strategic partner for its Bio-Coal strategy. KBC Securities has been retained by 4Energy Invest to act as financial advisor in this respect.
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