SINOPEC ENGINEERING GROUP AND C2XX CORP. ANNOUNCE JOINT MARKETING AGREEMENT TO COMMERCIALIZE ADVANCED MICROCATALYTIC COAL LIQUEFACTION TECHNOLOGYE

  LIBERTY CORNER, NJ - 06/22/2017 (PRESS RELEASE JET)

Sinopec Engineering (Group) Co., Ltd. (SEG) and C2XX Corp. (C2XX) have entered into a Cooperative Marketing Agreement (CMA) to accelerate the commercialization of C2XX’s Advanced Direct Microcatalytic Coal Liquefaction technology (Advanced MCL). This couples SEG’s experience in designing the only commercial Direct Coal Liquefaction (DCL) plant in the world with SEG’s worldwide marketing reach and with C2XX’s access to over $1 billion (US) of R&D in Advanced MCL technology.

For China, Advanced MCL offers a high thermal efficiency option that consumes as little as only one third of the water currently used by coal-to-liquids technologies and provides an ideal fit with existing Fisher Tropsch plants to produce premium diesel, gasoline, and aromatics for chemicals use. The resulting fuels have high volumetric energy content, excellent cold flow properties, and contain no sulfur, nitrogen, or oxygen.

In the US, studies indicate that combination of abundant/low cost coal with natural gas results in a break-even cost  of under 30 $/B at a thermal efficiency greater than 70%. Process flexibility exists to selectively shift up to 70% of the product to diesel which will become desirable should the penetration of electric cars reduce the gasoline demand for motor vehicles. “This approach would allow an order of magnitude increase in US fuels reserves” said C2XX’s CEO Sam Zaczepinski.

Low oil prices, high investments, and low service factor are often cited as hurdles for DCL technology. “These are concerns of the past” says C2XX’s CTO Richard Bauman. High service factor was demonstrated commercially, the investment is reduced through application of new, high activity Microcatalyst, and other technology advances. Finally, the much lower break-even cost of the Advanced MCL technology validates the economic viability. 

C2XX also offers algae based bio-fertilizer technology that offsets the CO2 produced in the process. In addition, the Advanced MCL technology eliminates waste water discharge and captures nearly all sulfur produced during coal liquefaction. Further, a novel option is under development to eliminate ash disposal from the plant. Hence, the C2XX technology becomes economically and environmentally attractive for countries with large coal reserves.

About Sinopec Engineering (Group) Co., Ltd.

Sinopec Engineering (Group) Co., Ltd (SEG), headquartered in Beijing, is leading oil refining, petrochemical and new coal chemical engineering company in China. SEG provides engineering services globally for a broad range of industries including oil refining, petrochemicals, new coal chemicals, inorganic chemicals, pharmaceutical chemicals and clean energy and a complete business service chain involving technological R&D and licensing, preliminary consulting, financial assistance, engineering, procurement, construction and start-up services. Leveraging over 60 years of industry experience and continual innovation in technical expertise, SEG has achieved great success in engineering and construction of large scale oil refining, petrochemical and new coal chemical complexes and is highly  competitive. Sinopec Engineering (Group) Co., Ltd.  is listed on the Hong Kong Stock Exchange (2386:HK). For more information, please visit www.segroup.cn

Inquiries to be directed to Dr. Kenzi Lin at linkz@sinopec.com

About C2XX Corporation

C2XX Corp., headquartered in New Jersey, is an exclusive marketer and developer of the Advanced MCL technology. The co-founders of the company and the associated technology team offer over 1000 years of coal conversion expertise. The technology background of the C2XX staff covers the full range of synfuels activities including planning, R&D, exploratory/pilot plant operations, economic assessments, start-ups, troubleshooting, and related activities. The C2XX staff offers practical expertise in all refining technologies as well as in Coal Gasification, Fisher Tropsch, and Shale Retorting technologies. C2XX’s current principal mission focuses on commercialization of the Advanced MCL process and continuing improvement of MCL’s economic attractiveness.

For more information, please visit www.C2XX.com

Inquiries to be directed to Richard Bauman at rbauman@C2XX.com or to Sam Zaczepinski at samz@c2xx.com