Amvest Purchases

Terry Eagle CoalAmvest Corp., a Charlottesville, Va.-based energy company, said it has purchased Terry Eagle Coal Co. from M.A. Hanna Co., Cleveland.

Terms of the transaction were not disclosed.

Terry Eagle is a coal mining company operating in Nicholas, Clay and Fayette counties in West Virginia. The company's 44,000-acre property contains more than 40 million tons of recoverable coal.

Terry Eagle's metallurgical and steam coal is shipped via Conrail lines and barges on the Kanawha-Ohio River system.

Production from Terry Eagle operations is marketed to customers in the Midwest, Northeast and overseas. Sales are projected to be about 1 million tons in 1988.

The transaction includes contracts held by Terry Eagle, and Amvest plans to continue to operate the company's mines, an Amvest official said.

Amvest is a privately held energy company involved in coal mining and oil and gas production.

Coal Held Competitive

In Light Industry Uses

CHICAGO - Coal has the opportunity to cut into the market share that oil and natural gas hold in small industrial applications and in the transportation industry, Jack S. Siegel, deputy assistant secretary for coal technology at the U.S. Department of Energy, told an energy symposium last week.

The primary need for fuel in light industry is to heat air and water, and coal is perfectly suited for this, he said at a seminar sponsored by the DOE's Argonne National Laboratory.

Of course, moving coal into these sectors is a very difficult task. Technology must be very low in capital cost and be very, very easy to operate and even more environmentally sound than conventional oil and gas systems, he added.

There's potential for oil to be replaced in marine applications, as well, he said.

Coal liquefaction technology has been developed that could compete with oil at about $35 barrel.

But oil prices today stand at about half that, so the economics are not right for the commercial development of coal liquefaction.

Mr. Siegel said there are further advances that can be made over the next few years to make coal competitive with oil at about $25 a barrel. That could be as soon as the early 1990s, he said.

DOE Considers Funding

Hospital Waste Project

CHICAGO - The U.S. Department of Energy said it's studying a proposal to fund a demonstration using coal to burn contaminated hospital waste.

Hospitals have a very difficult time disposing of their so-called red bag waste or highly toxic and contaminated waste, said Jack S. Siegel, DOE deputy assistant secretary for coal technology.

Following an energy symposium sponsored by the DOE's Argonne National Laboratory, he said hospitals primarily use oil and gas to fire boilers used to dispose of the waste and garbage.

Advanced technology, such as fluidized bed boilers that use coal, have the potential to replace oil and gas at hospitals, he said.

There's tremendous interest in fluidized bed boilers at hospitals because the units can provide steam for heating and burn serious wastes at the same time, he said.

He said the DOE hopes to meet soon with Veterans Administration officials about a proposal by one Pennsylvania VA hospital for funding of a fluidized bed combustion demonstration project.