Getting your player ready...
Denver-based Evergreen Energy Inc., Sumitomo Corp. and a major Indonesian mining group have agreed to advance their joint K-Fuel coal-refinery project on Kalimantan Island, Indonesia, to the next round of analysis before making a decision to develop a comprehensive plant design.
The proposed K-Fuel refinery would upgrade coal from the island before shipment to Asian markets. Evergreen’s shares advanced nearly 49 percent Thursday, closing at 67 cents, up 22 cents.
