Ramaco Resources Acquires Commercial Development Rights For Revolutionary Coal-To-Products Process; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Ramaco Resources Inc. has acquired a patent from the National Energy Technology Laboratory (NETL) for the commercial development of a coal-to-products technology. The patented process uses coal to create carbon nanosheets, also known as graphene, which can be used in vehicle batteries, construction materials, and consumer products. The technology allows for large-scale production of carbon nanosheets using inexpensive domestic coal as the base manufacturing feedstock.
November 01, 2023 | 3:04 pm
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Ramaco Resources' acquisition of the patent for the coal-to-products technology could potentially open up new revenue streams for the company. The technology's ability to use inexpensive domestic coal as a base manufacturing feedstock could also improve the company's profit margins.
The acquisition of the patent allows Ramaco Resources to commercially develop a technology that uses coal to create carbon nanosheets. These nanosheets have a wide range of applications, including in vehicle batteries and construction materials. This could potentially open up new revenue streams for the company. Additionally, the technology's use of inexpensive domestic coal as a base manufacturing feedstock could improve the company's profit margins.
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