KFx Inc. changes name
to Evergreen Energy
Sept. 26 --
Clean coal producer KFx Inc. will change its name to Evergreen Energy
Inc. to better reflect the company´s strategy.
On Sept. 29, the Denver-based firm will begin trading on the New York
Stock Exchange´s Arca Exchange under the ticker symbol EEE. The company
has been trading on the American Stock Exchange under KFX.
Evergreen Energy also made several management moves. It has named CEO
Mark Sexton chairman of the board, replacing Ted Venners, who will
remain chief technology officer and a director. Kevin Collins, executive
vice president, will serve as chief operating officer. He replaces
Robert Hanfling, who will remain president of the company. Richard
Spencer, who has served as a director since 2002, will leave the board
of directors at the end of September.
Evergreen Energy uses heat and pressure to convert high-moisture,
low-British-thermal-unit coal, such as subbituminous and lignite, into a
more efficient, cleaner-burning fuel. Its proprietary K-Fuel process
removes impurities, including mercury, from coal and reduces carbon
dioxide, sulfur dioxide and nitrogen oxide emissions.
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