GREENPOWER SIGNS MOU WITH THERMAQUATICA TO DEVELOP COAL TO LIQUIDS TECHNOLOGY
5 March 2013
Greenpower Energy Limited (ASX:GPP) has signed a Memorandum of Understanding (MOU) with US - Thermaquatica Inc to jointly test and develop the Oxidative Hydrothermal Dissolution (OHD) process for the conversion of coals to liquids.
The deal sees Greenpower receive an exclusive license to develop and apply the OHD process on a commercial scale within
Australiaand New Zealand.
The OHD process has been developed by Thermaquatica and its CEO Dr Ken Anderson in conjunction with the University Of Southern Illinois (SIU). SIU holds the patent for the process and has previously granted Thermaquatica a universal license over the process to enable the continued push toward its commercialisation.
“Thermaquatica’s OHD process has the potential to be scaled up to a point where substantial amounts of oil can be produced using coal,” said Greenpower Energy CEO John Watts. Read more…
Friday, March 8, 2013
SIU Startup News: Thermaquatica Licenses to Greenpower
Congratulations to SIU's Dr. Ken Anderson and the Thermaquatica Inc team! Read the press release from Greenpower Energy Limited's website (pdf). Excerpt: