Orica has transferred all remaining shares to MCI, and all Orica Directors and Management have resigned from the MCI Board of Directors.
Carbon Friendly Solutions Inc., through its subsidiaries MicroCoal Inc. (Denver, CO, USA), Global CO2 Reduction Inc. (Vancouver, BC) and Carbiopel S.A. (Lezajsk, Poland), is focused on the development of clean energy technology, renewable energy and forestry projects.
MCI has spent four years developing an internationally proven and patented process to convert low rank (low BTU) coal to more expensive high rank (high BTU) coal. Potential cost savings for power plants that adopt this technology varies depending upon fuel types, capacity, and local conditions.
On behalf of the Board of Directors
Carbon Friendly Solutions Inc.
CEO and Director