| Website | coaltek.com |
| Category | CleanTech |
| Phone | 770-934-7030 |
| Employees | |
| Founded | 2002 |
| Description | Cleaner energy solutions for our planet' |
| TOTAL | $33M |
| FUNDING TOTAL | $33M |
| Series C, 2/07 Lightspeed Venture Partners Draper Fisher Jurvetson (DFJ) | $33M |
CoalTek’s technology reduces moisture content in a broad range of coals, optimizing plant efficiency and delivering environmental integrity. The CoalTek process was developed, tested, and proven over eight years by Dr. Jerry Weinberg, the company’s co-founder, along with chief geologist Neil Ginther. CoalTek opened its first commercial processing facility in Calvert City, Kentucky in 2006. The plant’s initial capacity of 120,000 tons/yr will be expanded in the future, and there are also plans to build additional facilities, to meet the growing demand for clean coal.