Kerry Associates, Inc. Receives LOI for Exclusive Joint Venture on Behalf of W2 Energy, Inc.admin
Kerry Associates announce that it has received a signed letter of intent on behalf of W2 Energy, Inc. from Aquarian Gold Corp. to become an exclusive Joint Venture Partner in Indonesia. The letter of intent would allow Aquarian Coal to become the exclusive Joint Venture Partner in Indonesia to use this technology to produce liquid fuel from coal. W2 Energy, Inc. has certain rights and licenses for technology that allows the processing of multi-waste streams and by-products, as well as a technology for the processing of coal that maximizes the recovery of all by-products related to coal mining. This technology would increase the yield of the coal and the by-products, and reduce production costs while reducing the environmental effects of mining coal. Coal reserves that previously couldn’t be mined due to coal seams that are not economical can now be worked. Aquarian Gold is working on several projects where the use of this technology would substantially increase the economic benefits of coal mining.
About W2 Energy Inc.
W2 Energy Inc. is a growing, publicly traded company that develops renewable energy technologies and applies it to new generation power systems. Please visit http://www.w2energy.com for more information.
About Aquarian Gold Corporation
The Company’s exploration targets are in the Riau Coal basin, one of three coal rich areas within Sumatra that together account for seventy percent of Indonesia’s annual coal production. For more information, please visit http://www.aquariancoal.com.
About Kerry Associates, Inc.
Kerry Associates Inc. is a private business consulting firm that provides a vast amount of business services including business plan development, business valuations, financial services, mergers and acquisitions, supply and distribution networks. For more information, please visit www.kerryassociates.com.