Arq shares its vision with U.S. Congress: using technology to produce lowest cost hydrocarbons on the planet
Julian McIntyre tells House Committee on Natural Resources that Arq will clean up coal waste, producing more from less
Founder and CEO Julian McIntyre today outlined Arq’s radical approach to producing the lowest-cost hydrocarbons on the planet to the U.S. House Committee on Natural Resources.
Mr. McIntyre spoke at the Oversight Hearing ‘Assessing Innovative and Alternative Uses of Coal’ which was chaired by Congressman Paul Gosar (R-AZ) and Ranking Member, Congressman Alan Lowenthal (D-CA). The Oversight Hearing was convened in the wake of a recent boom in export opportunities for U.S. coal, alongside the development of new technology to turn coal into other products. In his well-received presentation to the Committee, Julian stated that Arq, “intends to produce the lowest cost hydrocarbons on the planet by transforming coal waste into pure energy.” He went on to explain: “A billion tons of fine particle coal is thrown away every year because it can’t be stored or transported. This is discarded energy, and an environmental liability… “Coal by nature is an impure source of energy… That means that the industry is extracting, transporting and burning vast quantities of material that creates no electricity and increases costs and pollution… “We think it makes more sense to clean up existing coal waste and completely remove the impurities before combustion… “We’re are building our first plant now in Kentucky… “We plan to build over 50 plants in the next 7 years, equivalent to producing a million barrels of oil a day.”
In a Q&A following the presentations, Congressman Gosar challenged those who had presented to the committee on whether any of them had proposals on how to mitigate environmental effects of coal.
Julian confirmed that Arq’s technology was reducing pollution and emissions from coal in three ways: first, by cleaning up coal waste with private dollars; second, by creating energy without extraction (15% of emissions coming from extraction); and third, by removing dirt and water from coal before combusting it. Watch the video recording of the U.S. House Committee on Natural Resources, ‘Assessing Innovative and Alternative Uses of Coal‘.
For more information about Arq or to see the film which was played to the Committee following the presentation, visit the Arq homepage.
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