ConvertCoal, Inc. has developed a new, proprietary process to extract and upgrade synthetic crude oil from sub-bituminous and lignite low-rank coals. Based on current U.S. low-rank coal production, up to 2 million barrels per day of domestic synthetic crude oil can be produced by utilizing our new CCI coal conversion process to support existing low-rank coal power plants. This would increase domestic crude oil production by 25% and effectively double the U.S.'s proven oil reserves. Using our process would reduce foreign crude imports by 11% or over $50 billion dollars per year based on recent energy prices.
View Top Employees from ConvertCoal, Inc.Website | http://www.convertcoal.com |
Employees | 3 (1 on RocketReach) |
Address | 15375 Barranca Parkway B-202, Irvine, California 92618-2213, US |
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Industry | Oil and Gas |
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ConvertCoal, Inc. is based in Irvine, California.