Trader MITSUBISHI CORP. and SGI INTERNATIONAL, a developer of energy technologies, have formed a company to advance the La Jolla, California partner's liquids from coal technology. This patented process turns low-grade coal into higher Btu, "super compliance" fuel and coal liquids that can be refined into chemicals. LFC TECHNOLOGIES LLC plans to tap Mitsubishi's engineering and other technical expertise to reduce the cost of LFC equipment. It also will have access to SGI personnel in the areas of engineering, technology and marketing. The Japanese company will market the LFC technology and LFC products outside the United States. SGI retained American marketing rights.
An exchange rate of ¥113=$1.00 was used in this report. aaaaaa