White Energy (ASX:WEC) announced that its wholly owned subsidiary, Binderless Coal Briquetting, has entered an exclusive worldwide agency agreement with Illinois-based briquette machine manufacturer K.R. Komarek.
Under the agreement, BCBC will act as Komarek's exclusive sales agent for briquettors utilising the BCB technology, beginning after the expiration of White Energy's current worldwide licence on Jan. 17.
The BCB technology, developed over 20 years by a CSIRO-led consortium, transforms coal and coal fines into high-energy, binderless briquettes, enabling cleaner, more efficient fuel for power stations without technical modifications.
White Energy, which has extensively developed the technology, will continue to exploit its know-how and technical expertise under the new arrangement.