Evergreen To Spin Off K-Fuel To Chinese Group

Law360, New York (January 7, 2010, 2:32 PM EST) -- Evergreen Energy Inc. announced plans Thursday to spin off its K-Fuel technology — which cleans coal before it is burned — to the investment arm of a major Chinese conglomerate, a move the company said would facilitate the development of a commercial-scale K-Fuel plant in Inner Mongolia.

Denver-based Evergreen said it will hand the technology to a subsidiary corporation, Clean Coal China, in which the unnamed Chinese conglomerate and its affiliates are slated to make an investment.

The majority of the proceeds of that investment will...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.