Ramaco Receives Millions in Federal Funding

The United States Department of Energy has awarded Sheridan’s Ramaco Carbon millions of dollars in new federal grants to support the creation of high-value alternative uses for coal in developing both advanced carbon products and materials. According to a news release from Ramaco, they are the recipient or sub-recipient on four cost shared research and development grants totaling over $5 million. Included are two grants with a total funding of over $2 million and two that Ramaco has received in partnership with outside organizations.

Ramaco’s partners in this endeavor include TerraPower, a nuclear innovation company Chaired by Microsoft founder Bill Gates, and Axens, a global provider of refining technology. These grants further identify Ramaco Carbon as a national strategic leader in developing advanced alternative uses for coal according to the release. The company is also currently in their second year as the coal industry partner on a separate $5 million DOE grant project led by Wyoming’s Western Research Institute. That project is aimed at using coal as a precursor to lower the cost of manufacturing carbon fiber for use in the automotive industry.

SheridanWyoming.com

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