Evergreen, TXU sign LOI to test coal-dry technology

摘要

Evergreen Energy and TXU Generation Development, a subsidiary of TXU Corp., have signed a letter of intent for detailed engineering, design integration and tests of the K-Direct coal refining process. According to Evergreen, should the results from the engineering, design and testing be successful, the companies could enter into one or more definitive agreements for the construction of K-Direct coal refineries at new or existing TXU power plants. The companies have agreed not to disclose more specific terms of the transaction until a definitive agreement is signed. K-Fuel refined coal results from a process that is designed to improve the heating value and lower the emissions per kilowatt-hour produced from subbituminous and lignite coals. The coal could be refined at the mine or at K-Direct coal refineries situated alongside existing or new coal-fueled power plants.