On a day when the major averages are taking a downward turn, clean fuel company KFX (AMEX: KFX) soared almost 11% on news that it has completed the first two production runs at its K-Fuel plant in Gillette, Wyo.

K-Fuel is described by KFX as the "unleaded gasoline" equivalent for the coal-fired industry. The company takes low-grade coal, removes 80% of the moisture, increases the Btu (heat content) per pound by 30% to 40%, and reduces the mercury content (the stuff that is credited with fouling water around the world) by 70%. Sulfur dioxide and nitrogen oxides will also be reduced by 30%.

The Motley Fool