Renewable energy investor subsidiary seeks international expansion

London-headquartered Clean Invest Africa plc has revealed its subsidiary has been acquired this month.

CoalTech, the subsidiary, is said to be seeking international expansion, particularly in Eastern Europe. It has developed an agglomeration solution converting coal fines waste into combustible coal pellets.

There are said to be billions of tonnes of toxic coal fines laid waste globally at mining sites and at coal shipment sites.

Without a viable permanent fix to date, these polluting coal fines have been a matter of high cost for the coal industry and serious environmental concern for government authorities.

CoalTech’s technology aims to provide a cost effective solution to address this global and industry wide problem.

The company is also planning an international rollout of its technology in cooperation with the industry to clean up coal fines and reduce their environmental impacts in an economical manner.

CoalTech will aim to continue pursuing expansion opportunities in its South African market. It is in preliminary discussions in South Africa with potential customers after concluding successful trials.

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →