CoalTek
Chelmsford · Founded 2002
About CoalTek
CoalTek's technology reduces moisture content in a broad range of coals, optimizing plant efficiency and delivering environmental integrity. The CoalTek process was developed, tested, and proven over eight years by Dr. Jerry Weinberg, the company's co-founder, along with chief geologist Neil Ginther. CoalTek opened its first commercial processing facility in Calvert City, Kentucky in 2006. The plant's initial capacity of 120,000 tons/yr will be expanded in the future, and there are also plans to build additional facilities, to meet the growing demand for clean coal.
Company Facts
- Founded: 2002
- Legal name: CoalTek, Inc.
- Operating status: Closed
- Company type: For Profit
- IPO status: Private
- Employees: 11 – 50
- Estimated revenue: $10K – $50K
- Total funding: $90.9M
- Funding stage: Late Stage Venture
- Last round: Convertible Note (Aug 2013)
- Website: coaltek.com
- Phone: +1 7742490282
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