By Kevin McCauley
Boston’s Greenough Communications has picked up CoalTek Inc., which received approval Nov. 29 from the Chinese government for the first U.S./China “clean coal” venture.
The $350M partnership is to result in a processing facility in Inner Mongolia to convert low value “brown coal” into highly efficient and environmentally friendly clean coal.
Since 2006, CoalTek has been running a commercial-scale clean coal plant in Calvert City, KY, which ships coal to electric utilities in the midwest.
Phil Greenough, who targeted the clean tech sector five years ago, calls CoalTek a “genuine industry disruptor and is eager to pitch how it is transforming the global coal marketplace.
CoalTek, which was based in Tucker, GA, relocated its headquarters to Marlborough, MA, to be closer to Boston’s high-tech community. |