Business
American International Ventures Inc. Wholly Owned Subsidiary Geoenergy Usa, Inc. Acquires International License
American International Ventures Inc. Wholly Owned Subsidiary Geoenergy Usa, Inc. Acquires International License.
About this update from American International Ventures, Inc.
[{"type":"text","content":"LITHIA, FL / ACCESSWIRE / May 30, 2018 / American International Ventures, Inc. (OTC PINK: AIVN), on May 22, 2018, American International Ventures, Inc.'s wholly-owned subsidiary, GeoEnergy (USA) Inc., was issued an international license to develop and construct coal to liquids plants in Indonesia. The license further permits construction of two (2) domestic plants in West Virginia and Kentucky (USA). This licensed technology is covered by recent United States Patent No: 9,845,431 B2 as developed by Quantex Research Corporation, a Canadian Company.The significance of this process is that it will cause a paradigm shift in the way coal assets are evaluated worldwide. GeoEnergy will utilize this process for Depolymerizing Coal to produce Synthetic Crude Oil (SCO), Pitch and Naphthalene. The process can yield up to four (4) barrels of SCO per ton using coal as a feedstock. GEOENERGY is a diversified mining and mineral asset management company that is involved in energy, natural resource, and fuel-related industries. GEOENERGY (along with its partners and affiliates) control over 1.5 billion tons of coal assets in Indonesia. Coal is currently mined and exported to India and China to supply coal-fired power plants for electricity generation. GEOENERGY has worked to develop technologies which support recent government mandates to create jobs and value-added products that are mandated under new regulations set forth by the Indonesian government to increase the value of raw minerals through processing on shore, for domestic use and export.Our coal to liquids business model provides total compliance with these mandates. It further eliminates expensive coal drying techniques currently utilized. Over the past 30 years, GEOENERGY and its affiliated companies have established a reputation in the market as experts in coal processing.GEOENERGY is currently in negotiations to develop 4 coal to liquids plants (CTL) in Indonesia. The board recently appointed Robert G. Polce, Jr. (58), Chief Executive Officer and Director of American International Ventures Inc. Mr. Polce has lived and worked in the Asia-Pacific region for the past 25 years and has vast experience in business as an executive, principle, consultant, and investor. He is a seasoned International Financier and Private Equity Investor. He has acted as Trustee and Trade & Project Finan...