Frontieras North America, an energy and environmental technology company, has announced a Letter of Intent (LOI) with Cora Terminal, LLC, a joint venture between Watco Companies, LLC and SCH Services, LLC, for the phased development of its FASForm(TM) Solid Carbon Fractionation technology at the Cora Terminal in Rockwood, Illinois. This agreement marks Frontieras' third announced commercial site and signals a significant expansion of its innovative coal conversion process.
The proposed project would initially lease approximately 85 acres for a plant designed to process 7,500 tons of coal feedstock per day. A later expansion could add a second plant, bringing the total footprint to about 130 acres. At full buildout, the site would receive approximately 5.5 million net tons of coal feedstock annually and produce a range of products including FASCarbon(TM), ultra-low-sulfur diesel, jet fuel, ammonium sulfate fertilizer, sulfuric acid, and naphtha.
This deployment is strategically important for Frontieras as it seeks to commercialize its zero-waste technology that converts coal into clean fuels and industrial chemicals. The Cora Terminal location offers substantial logistical advantages, as it can accommodate up to four unit trains simultaneously and has the capability to move more than 11 million tons of coal annually. Additionally, the terminal owns more than 300 acres of developable land surrounding the site, providing ample room for future growth.
Under the LOI, the parties will pursue site due diligence, engineering, permitting, infrastructure assessment, and definitive lease and transportation agreements. It is important to note that the LOI is an expression of mutual intent and is not a binding commitment to proceed. Any definitive agreements will be subject to due diligence, permitting, financing, and required approvals.
This announcement comes on the heels of Frontieras' $850 million first commercial facility currently under construction in Mason County, West Virginia. The company recently completed its Regulation A+ public offering and is headquartered in Houston, Texas. The Cora project would further establish Frontieras as a leader in redefining coal utilization on a global scale.
The implications of this LOI are significant for the energy sector. Frontieras' FASForm technology offers a potential pathway to use coal without the traditional environmental drawbacks, producing valuable products while minimizing waste. If successful, this multi-phase deployment at Cora Terminal could serve as a model for future coal conversion projects, potentially reducing reliance on conventional coal combustion and contributing to cleaner energy production.
For more information on Frontieras North America, visit www.frontieras.com. The full press release can be viewed at https://ibn.fm/sg2RT.
