Some companies want to raise $80 million to improve Wyoming coal. But who are they?

[TexasTowelie]

A newly formed company is raising money for a large plant designed to make Wyoming coal burn hotter and thus more valuable to sell. But it is unclear who exactly is betting on coal’s future.

Wyoming New Energy Corp.’s backers and leadership have not been named.

The firm, registered earlier this year with the state, is scouting for a location in Wyoming to build. The plant will license the treatment and drying process of another company, Clean Coal Technologies.

Last week, Clean Coal announced that a group of investors is seeking $80 million to build a facility in the Powder River Basin.

Read more: http://trib.com/business/energy/some-companies-want-to-raise-million-to-improve-wyoming-coal/article_a27577d0-49f7-51ca-bf4d-95fa45912ada.html