(MENAFN- ProactiveInvestors - Australia) Jatenergy (ASX: JAT) has formed a joint venture with Shanghai businessman Caiguo Shang to market its coal and jatropha assets as well as promote its Coal Plus technology.
Jatenergy Development will generate sales for its coal mining operations in Kalimantan, Indonesia, and search for customers and niche markets for its biofuel products.
It will also actively promote its Coal Plus technology throughout Australia and Southeast Asia, with initial focus on Victoria's Latrobe Valley, Indonesia and the Philippines.
This will capitalise on the strong interest in the technology from many coal miners, financers and industrial construction companies.
The Chinese Government has also expressed interest in Coal Plus due to its ability to increase the amount of energy extracted from coal while reducing carbon emissions.
Jatenergy Development does not affect the current capital structure of Jatenergy; but will instead market Jatenergy's assets without acquiring their title or ownership.
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