Coral Gables-based Coalview Ltd., a fully integrated coal technology and fine coal recovery company, said Wednesday that it has purchased all of the assets of Orlando-based KeLa Energy.
The purchase price was not disclosed. The acquisition includes the conversion of loans along with equity contributions made to KeLa by Miami energy technology investor, David Schwedel, and the assumption of certain KeLa liabilities by Coalview’s subsidiary, Coalview KeLa. Coalview KeLa will be 90 percent owned by Coalview and 10 percent owned by KeLa Energy.
Coalview said its focus is on making coal a more environmentally stable fuel choice, and the purchase will enable it to further reducing emissions through KeLa’s patented technology.