Corporation (LON:MNGA) has told investors that it has now filed for provisional new patents relating to a new fuel product which when burnt with coal can reduce harmful emissions.
It has identified a specifically engineered fuel can achieve achieved significant reductions of coal flue gas, the company said.
The fuel can generate a dramatic increase in heat without a corresponding increase in carbon footprint, it added.
Filing of the provisional patents related to proprietary characteristics the new of fuel is part of on-going work on co-combustion technology which aims to substantially reduce coal emissions and improve coal burning efficiency.
Ermanno Santilli, chief executive, also highlighted the latest agreements on climate change, earlier this month at the United Nations 21st Conference of the Parties (COP21) in Paris, and described it as “the start of a more robust market” for renewable technologies like those being developed by the company.
“Using this new fuel, we were able to again see dramatic reductions in many pollutants each with strong value in the energy market and were able to more than double flue gas temperatures through the combustion of coal flue gas with no increase in CO2 emission,” he said.
“We have put our independent power company lab on notice for final verification testing."
highlighted that its new product indicated a 20% reduction in Sulfur Dioxide (SOX), a 30% reduction in Nitrogen Dioxin (NOX), as well as a 99% reduction in carbon monoxide.
At the same time the co-combustion temperatures were measured 200% higher, with no corresponding rise in carbon dioxide.
" is pleased to announce that our co-combustion verification is stronger than ever with new results, new applications and new intellectual property,” Santilli added.
The Nasdaq quoted company is currently working with an Australian group called FuturEnergy as well as a partner in Michigan (the name of which is not disclosed due to confidentiality agreements).