ENERGY TECHNOLOGIES
Headwaters’ Energy Technologies is developing and deploying breakthrough technologies that improve natural resource utilization. Headwaters’ HCAT® technology is a proprietary, patented catalyst that improves residue hydrocracking, creating higher-residue conversion to lighter distillates such as diesel and gasoline. Headwaters also has a process for converting coal into liquid fuels through its direct coal liquefaction technology. The Company’ s Energy Technologies businesses remain industry leaders in technological advancements for cleaner-burning liquid fuels from coal, improved refinery efficiencies and emissions, and the production of a new generation of nanocatalysts.
Headwaters sold its 51% interest in Blue Flint Ethanol LLC for $18.5 million, effective January 1, 2012.
Headwaters Energy Services
Since 2006, Headwaters Energy Services (HES) has been involved in upgrading waste coal into a marketable product by removing many of the impurities, mainly mercury and sulfur, and thereby producing a cleaner-burning coal. In September of 2011, Headwaters' Board of Directors committed to a plan to sell the coal cleaning business. As a result, coal sales revenue and results for the coal cleaning operations are now presented as discontinued operations for all periods. The Company expects to sell the coal cleaning business to one or more buyers by the end of fiscal 2012.
HTI
HTI is a world leader of unique catalysts and technologies that provide energy products from low-value feedstocks. Our core technology — the HCAT® Process — is a proprietary and patented method for hydrocracking heavy residual oil. We also offer unique coal-to-liquids conversion technologies and hold patents on a broad range of nanotechnology-based catalysts and catalytic processes. Common technological features are energy efficiency and “green chemistry” which avoids unwanted byproducts and has low environmental impact. HTI’s diversified facility includes analytical laboratories, pilot-scale catalyst manufacturing equipment and process modeling capabilities in addition to the pilot plant operating units; all which meet, or exceed, environmental and safety standards.
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