Utah philanthropist, venture capitalist and serial entrepreneur Alan E. Hall has launched a new company with the purpose of remediating coal waste and repurposing it as a clean energy source and, in the process, capture greenhouse gases.
South Ogden-based Blue Sky Energy Corp. will partner with coal producers to convert coal and coal waste into useable, energy-efficient byproducts, which include crude oil; carbon-neutral coal char, a coal product with the volatiles removed; and industrial compressed gasses. These products will be used by numerous industries primarily in multiple non-fuel-burning applications.
“Global climate change is a serious issue that needs to be addressed while at the same time providing cleaner energy products for a growing economy,” said Hall, CEO of the new company. “With this in mind, a team of high-level executives with expertise in science, business and the fossil fuel industries has been assembled to tackle this challenge. Based upon using a game-changing energy innovation, we can save the planet and at the same time provide the industry with needed cleaner energy products.”
Blue Sky has obtained an exclusive, global operating license from Renuva Energy, to commercialize its patented technology through innovative manufacturing plants. These processing facilities convert coal and coal fines into reusable energy sources. One plant, ingesting 75,000 tons of coal refuse, will generate up to 24,750 tons of industrial-grade charcoal, 187,500 barrels of crude oil and high volumes of commercial gasses — butane, methane and propane — annually.
According to Hall, “BSE saw a need in the global marketplace for the solution our company offers. It is a win for the environment, a win for the coal producers and a win for those industries that use the byproducts our manufacturing process produces.”
The first Blue Sky manufacturing plant is currently being fabricated for a location in Price, in partnership with area mining companies. It is expected to be operational in November 2022.
“Over the next five years, BSE plans to have 300 plants across the United States and another 1,200 facilities in numerous foreign coal mining countries,” said Hall.