Frontieras North America and Western Fuels entered into a memorandum of understanding (“MOU”) to jointly develop a mine-mouth FASForm(TM) processing facility at the Dry Fork Mine near Gillette, Wyoming. The MOU contemplates long-term agreements covering a facility site, coal feedstock supply of up to approximately 2.7 million tons annually initially and 5.4 million tons at full build-out, Western Fuels purchases of ultra-low-sulfur diesel produced at the facility and potential use of Western Fuels Association transportation capabilities to move FASForm(TM) product streams.
The proposed facility would advance Frontieras North America strategy to scale its patented FASForm(TM) Solid Carbon Fractionation technology across Wyoming and the West through mine-mouth facilities and its FASGEN(TM) co-location platform for coal-fired power plants. FASForm(TM) uses a continuous, closed-loop process to convert coal into products including FASCarbon(TM), ultra-low-sulfur diesel and naphtha. Under the MOU, FASCarbon(TM) produced at the proposed Wyoming facility could be transported to Western Fuels Association member utilities under separate commercial terms or sold into international markets.
To view the full press release, visit https://ibn.fm/nAJER
ABOUT FRONTIERAS NORTH AMERICA
Frontieras North America is an energy and environmental technology company redefining the entire global sector of coal utilization. Through its patented FASForm™ Solid Carbon Fractionation technology, Frontieras converts coal and other hydrocarbons into clean fuels, fertilizers, and industrial chemicals through a zero-waste process. Headquartered in Houston, Texas, the company is constructing its first commercial-scale facility in Mason County, West Virginia. Frontieras holds an international patent portfolio spanning five continents.
NOTE TO INVESTORS: The latest news and updates relating to Frontierasare available in the company’s newsroom at https://ibn.fm/Frontieras
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