British Columbia anthracite developer, Atrum Coal, has entered into a non-binding memorandum of understanding (MoU) with a European manufacturer and supplier of specialised carbon products.
The MoU sets out the principles for negotiating a coal sale and purchase agreement for the sale of anthracite from the Groundhog North project. The potential buyer intends to use the Groundhog North anthracite as feedstock for its manufacturing process.
“We are excited to be working with a supplier of high-value carbon products,” said Atrum’s Vice President of Marketing and Business Development, Peter Doyle. “This MoU is an important milestone in our strategy of developing sales channels into growing specialised carbon markets.”
According to Doyle, the MoU represents the development of the “second leg of our market entry plan” and builds on the anthracite’s traditional steel markets.
“Speciality carbon products by nature require ultra-high-quality carbon inputs for the manufacturing process and this feedstock is rare and highly valued,” continued Doyle. “Supply of European anthracite is diminishing and imminent closures of major suppliers in western Europe is creating a strong demand profile from tier one economies.”
Speciality carbon products requiring ultra-high-grade anthracite include the manufacture of filtration media, activated carbon, for use in cathodes and electrodes, and use as a synthetic graphite.
Edited by Jonathan Rowland.
Read the article online at: https://www.worldcoal.com/exploration-and-development/08072016/atrum-signs-mou-with-potential-customer-2016-1097/