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CleanTech Biofuels Inc (PK:CLTH)

Business Focus: Specialty Chemicals

Sector:  Basic Materials Industry:  Specialty Chemicals
 
Company Contact
Address: 7386 Pershing Ave
ST. LOUIS MO 63130
Tel: N/A
Website: www.cleantechbiofuels.net
IR: See website
Key People
Edward P. Hennessey
Chairman of the Board, President, Chief Executive Officer, Interim Chief Financial Officer,
Paul Simon
Corporate Secretary, Director
 
Business Overview
CleanTech Biofuels, Inc. offers a set of technologies, which converts municipal solid waste into biomass feedstock. The Company's technology is operating in Australia and is being implemented in the United States. Using the existing infrastructure for garbage collection and disposal, the Company is deploying technologies for turning garbage into fuel. The Company's is engaged in municipal solid waste (MSW) as the primary biomass feedstock for energy production. The Company's Biomass Recovery Process uses steam and pressure to separate and clean municipal solid waste into biomass, captures recyclables at the same time. The Company uses biomass Gasification technology, which is a process that uses a combination of heat, pressure and chemical reactions to convert biomass and other hydrocarbons into a combustible gas that, similar to natural gas, can produce electricity, heat and liquid fuels.
Financial Overview
For the nine months ended 30 September 2019, CleanTech Biofuels Inc revenues was not reported. Net loss decreased 14% to $442K. Lower net loss reflects Professional Fees decrease of 31% to $93K (expense), Other expense decrease from $26K (expense) to $0K, General and administrative decrease of 9% to $150K (expense).