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AMERICAN INTERNATIONAL VENTURES, INC. Acquires Cutting Edge Coal Conversion Technology Patent
AMERICAN INTERNATIONAL VENTURES, INC. Acquires Cutting Edge Coal Conversion Technology Patent.
About this update from American International Ventures, Inc.
[{"type":"text","content":"LITHIA, FL / ACCESSWIRE / September 19, 2018 / American International Ventures, Inc. (OTC PINK: AIVN) acquired an undivided 100% right to US Patent number 7,608,170, B1 issued October 27, 2009 from Hydrocarbon Conversion and Sequestration Systems, LLC, a Pennsylvania Limited Liability Company. This patent processes will be used to develop Coal to Liquids plants Worldwide. The process further enhances the abilities of AIVN in Indonesia as part of that nations move toward jobs creation through \"value added\" processing of low rank coal (LRC) onshore. The patent will also be utilized in building domestic plants in West Virginia and other coal producing states (USA). In acquiring this patent, AIVN continues to build its base of \"environmentally responsible energy technologies\".AIVN will utilize this Process for Depolymerizing Coal to produce Synthetic Crude Oil, Bunker Fuel, Pitch and \"light end\" Naphthalene classed derivatives. The overall process can yield up to four (4) barrels Synthetic Crude Oil per ton using (LRC) as a feedstock.Robert G Polce CEO of American International Ventures Inc said, \"The acquisition of this technology opens up markets and coal reserves that were until now stranded assets for many countries and companies due to the high cost of development.\"The scientist that developed the technology and applied for the original patent is Dr. John Ousey Jr. He will work directly with our Chief Technology Officer, Mr. Paul \"Mike\" Muncy, in review and due diligence regarding technologies which augment the core development of clean coal technologies. AIVN continues to develop projects in the Pacific Rim and more particularly in Indonesia where GeoEnergy, its wholly owned subsidiary, controls mineral interests. John R. Ousey Jr. graduated from LaSalle College (now University), Philadelphia, PA in 1964 with a B.A. in Biology, and a minor in Education. Over the next several years he acquired graduate degrees from Penn State, University Park, PA (M.Ed. in Earth Science, 1968; D.Ed. in Earth Science, 1980) and Drexel University, Philadelphia, PA, (M.S. in Environmental Science, 1977). Dr. Ousey spent most of his career as an educator teaching at the Brandywine Campus (formerly Delaware County Campus) of Penn State University. He taught introductory level and non-major courses in Geology, Physical Geography and Meteoro...