SUBSIDIARY NAME
Wyoming Coal to Liquids
COUNTRY
USA
SECTOR/ INDUSTRY
ENERGY
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
August 4, 2022
ACQUISITION VALUATION
980 MILLION
TOTAL ASSET VALUATION
9.8 BILLION
ENERGY-OIL-REFINERY-GAS
Wyoming Coal to Liquids by Advanced Clean Energy Inc or its successor/SPV acquired on August 4, 2022.
The project developer (ACE) will construct, own and strategically manage a state of the art coal to liquids facility within the state of Wyoming.
The proven and commercialized GGI system uses pyrolysis which does not emit particulate, NOX or Sox. State level EPA rules essentially state that as long as you develop the site away from existing housing and flood plains that the permit must be issued. The concept of NIMBY is statute barred in the state.
The state has no personal, corporate or estate taxes. The state will also provide a hiring bounty for new hires. The outputs can range from tank ready fuels ranging from aviation fuel through to marine gas oil all meeting ASTM and LCFS standards. The state is also asking ACE to consider making liquid hydrogen.
SUBSIDIARY NAME
VERITAS USA INC
SKEET HYDROGEN PRODUCTION PLATFORM
DPI Intervention Vessels
CADBRIDGE MINING CORPORATION
CADBRIDGE MINING CORPORATION