Future Fuels LLC and Immersive Media Corp. have formed a joint venture to develop a clean coal project.
Future Power PA LLC, a wholly owned subsidiary of Houston-based Future Fuels, will lead the project, which involves developing an electricity generation project using clean coal gasification technology in Schuylkill County near Allentown, Penn.
IMC, a digital video imaging company based in Calgary, Canada, will put up $5 million to start the project.
The joint venture will work to permit a small electricity generation facility that will utilize integrated gasification combined cycle clean coal technology. The technology will allow for low transmission costs for electricity, according to Future Fuels.
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