Posts Tagged ‘Coal’

ASX Company News: Environmental Clean Technologies Enters Agreement With South Korea K-Coal

Tuesday, January 17th, 2012

Environmental Clean Technologies Limited (ESI) advises that following meetings in South Korea it has signed a Memorandum of Understanding (MoU) with Korean based energy company K-Coal Co. Ltd. The MoU provides K- Coal with exclusive sales and marketing rights into Korea for ECT’s Coldry technology.

ECT Chairman and Managing Director Mr. Michael Davies stated, “K-Coal is well positioned to participate in supplying Coldry coal into the very large and growing thermal coal consumer industry in Korea. K-Coal will build on the very strong relationships its parent company S&J Group has with the major energy companies in the region”. S&J Chairman Dr. Kim Sung-Ryeal commented “S&J Group evaluated numerous coal drying technologies before we decided on Coldry. We like the fact that Coldry utilises a low temperature and low-pressure process, which means that the water released, is clean. S&J Group is a clean energy company and this is important to us. Also we are confident that ECT’s Coldry process is cost effective when compared to other technologies.”

S&J Group is a diverse, Busan Korea based group of companies. S&J have interests in Energy Distribution, Food Production, Leisure, Clean Technologies and Information Technology. ECT is in the business of commercialising leading-edge coal and iron making technologies, which are capable of delivering financial and environmental benefits. It is focused on advancing a portfolio of technologies, which have significant market potential globally. ECT’s business plan is to pragmatically commercialise these technologies and secure sustainable, profitable income streams through licencing and other commercial mechanisms.

www.ectltd.com.au

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ASX Company News: Marenica Energy Expands Into Coal Mining

Friday, September 23rd, 2011

International uranium company Marenica Energy Limited (MEY) is pleased to advise that it has taken the first step towards diversifying and expanding its asset base after subscribing for a cornerstone position in new IPO Texas & Oklahoma Coal Company Limited, giving it exposure to the rapidly emerging US coal market. The investment will provide Marenica with an early-stage opportunity to participate in the development of coal export opportunities from the United States of America (USA). Marenica has subscribed for 3.4 million shares in TOCC, which has issued initial seed capital of 28.75 million shares at $US0.06 per share. This will equate to a 6.4 per cent interest in the Company’s pre- IPO issued capital. Marenica shareholders may also be offered a priority allocation of shares in the TOCC IPO, once it proceeds. The investment gives MEY a low-cost entry into the US energy market and an opportunity to increase its interest as TOCC develops its core projects and reduces the risk associated with these projects.

Based in Dallas, Texas, TOCC is strategically positioned to take advantage of the coal resources available in Texas and Oklahoma. The USA is developing its coal export industry, with projects in Texas and Oklahoma ideally placed to participate in this highly profitable emerging business. TOCC is in the process of acquiring options over or equity interests in selected coal projects in the USA. Plans are well advanced to secure a coal resource base of between 100 million and 500 million tonnes.

www.marenicaenergy.com.au

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ASX Company News: Environmental Clean Technologies To Supply Coal Test To China Datang

Thursday, May 26th, 2011

Environmental Clean Technologies Limited (ESI) is pleased to announce that it has signed a Coal Supply Agreement with global ‘Fortune 500’company China Datang Corporation subsidiary, China Datang Overseas Investment. The agreement is the culmination of activities and negotiations begun last year by Chief Executive Kos Galtos and Coldry Business Manager Ashley Moore during visits to China in November and December. The CSA covers the supply of 2,000 metric tonnes for a test burn in one of CDT’s power stations in Shandong province, China, fueling one of the power station’s boilers for approximately 10 hours, allowing real time data collection and detailed performance assessments. Coldry Black Coal Equivalent (BCE) pellets will be supplied in Q3 this year, following manufacture at ECT’s Pilot Plant in Bacchus Marsh. The pellets will be manufactured using raw coal from Loy Yang Power’s mine in the Latrobe Valley. Datang shall pay a commercial price for the fuel with ECT covering additional costs incurred in producing the 2,000 tonnes, such as the additional logistical overhead incurred in transporting coal by truck from Loy Yang mine to itsPilot Plant in Bacchus Marsh and small scale bulk shipment to China.

ECT’s Operations Manager Adam Giles said “We will move our Pilot Plant operations to a 24 hour basis to supply this Coldry, providing the opportunity to enhance our continuous production operational experience and adding further to the data set to be used in the upcoming detailed engineering works for our Victoria Coldry project.” ECT’s Coldry Business Manager Ashley Moore added, “Very importantly, we view this CSA as a significant step forward in commercialising Coldry, not simply from a process point of view, but from a usage point of view within high-end power generation equipment. China Datang, with an

CDT is a leading, state-owned power generation enterprise in China. It specialises in power generation and supply, and related coal mine development and production. CDT owns Datang International Power Generation Company, a listed company in Hong Kong, London and China. CDT’s generation assets extend throughout China, Myanmar and Cambodia, and amount to more than 105 GW in capacity. CDT’s assets are valued at 530 billion Yuan (approximately AUD 76 Billion), and it is a global Fortune 500 company. CDTO is a wholly owned subsidiary company of CDT, and specialises in the overseas management of China Datang Corporation’s business, including power planning, construction, operations and management; investment and financing for overseas projects; power equipment manufacturing, maintenance and commissioning; and overseas trade.

www.ectltd.com.au

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ASX Company News: Environmental Clean Technology Secures First Coldry Sale

Thursday, February 10th, 2011

Environmental Clean Technologies Limited (ESI) is pleased to announce it has signed its first local Coldry sale with Maryborough based  BAIC Protein, from its Coldry pilot plant in Bacchus Marsh, Victoria.

We announced previously (4th February 2011) that a local market study to identify potential sales had been completed and that we would be pursuing several leads.  Following commissioning over past weeks and the subsequent confirmation of the new, lower cost of production we have sought and achieved our first local sale.

ECT Chief Executive, Kos Galtos said the opportunity to generate even modest sales from the pilot plant will help underpin and off-set the cost of producing large sample quantities destined for both the domestic and global market.

“This is a real bonus as the Coldry pilot plant was never intended to be profitable. We often get asked if we have a commercial plant. Now we do.” Mr. Michael Mason, General Manager of BAIC said, “Following a series of test burns,  we found that Coldry combusts much more thoroughly than briquettes in  our furnace, resulting in less tonnage required to do the  same  job,  and less waste material for disposal. That’s good for business”.

ECT Coldry Business Manager Ashley Moore added “The progress we’ve made with JC Steele’s expert assistance has resulted in significant cost reduction, backing up and improving the economic modeling for our commercial scale plant design and by extension, the Victorian Coldry project”.

The Company is scheduled to produce several thousand tonnes of Coldry in coming months to meet the needs of domestic testing by power stations in addition to the sale of pellets to BAIC. About BAIC

Situated in Maryborough, central Victoria, BAIC are in the business of processing and drying animal blood sourced from abattoirs to produce dry protein meal. The protein meal is used as a high-value feed supplement for livestock.

BAIC operate a 4MW traveling-hearth furnace to generate the heat required for their process.

Several tonnes of Coldry, made from Maddingley coal, were supplied for testing in the travelinghearth furnace. Photos following illustrate the test process.

www.ectltd.com.au

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ASX Company News: Jatoil To Trade Energy Commodities

Monday, February 7th, 2011

Energy company Jatoil Limited (JAT) announced its intention to trade energy commodities this year as a core part of its business, and has strengthened its Singapore operations by appointing an experienced energy commodities trader to the boards  of its Singapore subsidiaries.

Nick Croom, who will join Jatenergy Holdings Pte Ltd and Jatenergy Indonesia Pte Ltd, has worked in commodity trading and investment banking for 20 years. His experience in trading and investment banking in Sydney, London and Singapore includes positions with ANZ, BNP  Paribas, Glencore, RBS Sempra and JP Morgan.

“Our  stated  strategy  is  to secure project capital through Asian markets, as well as  to  prepare ourselves for trading our energy products as production ramps up from our jatropha, and potentially coal, projects  during 2011,” said  Jatoil Chief Executive Officer  Phil Hodgson. “Nick’s experience strengthens our Singapore presence and is an important milestone in our strategy.”

Nick Croom said: “Jatoil’s move into coal will bring a solid, conventional energy foundation  from which  to pursue growth. Whilst coal boosts near term cash flow, jatropha offers Jatoil a diversified portfolio and versatility across two key energy resources.  I have visited the  company’s  jatropha project in Indonesia and am very impressed with the business model. I think  jatropha has a very bright future as a sustainable feed stock for biojet fuel and biodiesel”.

Nick has lived in Singapore for the past  seven years. He  has focused on the development of new technologies  for energy markets as a high oil price environment encourages  opportunities around supply – including the development of sustainable sources. He has undertaken extensive investment banking work with several multinational oil companies on this issue.

Jatoil is an energy company with a core business of developing environmentally friendly, second generation biofuel from jatropha curcas plantation ventures initially in South-East Asia. Jatoil has also announced it would expand its energy resources into coal by entering into a heads of agreement to buy mining projects in Indonesia’s Kalimantan coal region.

www.jatoil.net

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ASX Company News: Environmental Clean Technologies Completes Coldry Plant Upgrade

Monday, February 7th, 2011

Environmental Clean Technologies Limited (ESI)  is pleased to announce the collaborative upgrade of its Coldry pilot plant with JC Steele has concluded successfully.  Following the installation process of the past few months a detailed commissioning program over the past week has achieved steady-state production.

In addition to the new extruder kit (announced 19 Oct 2010) supplied and installed by JC Steele, the boiler unit responsible for producing the low-grade heat for the Coldry pilot plant was replaced, providing increased production capacity with lower cost heat.

This upgrade will enable the following:

  • Higher production capacity – 20,000 tonne per year maximum
  • Faster turnaround of large test samples
  • Improved product quality
  • Refinement of operational parameters to fine-tune the commercial scale design

With its reliance on relatively expensive bottled gas to generate the low-grade heat for the process, the Coldry pilot plant was never initially designed to operate on a commercial basis. It has always been a proof-of-concept, R&D facility with a relatively high cost of production.

With the increased capacity provided by the new extruder and the decreased operating cost due to a more efficient heat source,  ECT is able to reassess the plant’s ability to become ‘cash generative’.

ECT Chief Executive, Kos Galtos said the opportunity to generate sales from a commercial plant could help off-set the production cost of large sample quantities destined for both the domestic and global market.

“We have a clearly targeted  sales process which  leads to the need for larger scale testing of Coldry product in target power stations. We are now at the point where various parties are ready to commence these large scale test burns requiring several hundred tonnes each,” Mr Galtos said.

“Our trips to China late last year stimulated a great deal of interest. Large scale testing of Coldry product by potential consumers is the next step in our sales approach” he said.  The Company  expects to produce several thousand tonnes of Coldry in coming months to meet  the needs of domestic testing by power stations in addition to companies in China.

A study undertaken to ascertain the sales potential for Coldry in the local Victorian market based on the new, lower cost of production has been completed with leads being pursued.

www.ectltd.com.au

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ASX Company News: Ludowici Secures New Coal Mining Contract

Thursday, October 21st, 2010

Ludowici Limited (LDW) announced it has won the contract to supply mineral processing equipment to the second stage of the new coal preparation plant at Energy Resources’ UHG Coal Mine in Mongolia. The contract has a value in excess of USD2.5 million. This equipment will be delivered in very late 2010 and early 2011. Ludowici has already supplied the equipment for the first stage of this Mongolian project and this repeat order highlights the company’s growing worldwide capability of supply high quality mineral processing equipment to all mining and mineral processing areas.

Ludowici Limited (LDW) was established in 1858. Its activities today revolve around the global mining industry designing, manufacturing and marketing mineral processing equipment including  vibrating screens, coal centrifuges, an extensive range of wear resistant products and a variety of other  products and services. The Company’s diverse range of products and services is testimony to its reputation for innovation. In over one hundred and fifty years, Ludowici has evolved and adapted to changes in industry, technology and society. Head office is in Brisbane with international offices established in Chile, China, India, South Africa and the United States.

www.ludowici.com.au

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ASX Company News: Clean Global Energy Enters Indian JV Agreement

Wednesday, August 25th, 2010

Clean Global Energy Limited (CGV) has received an invitation to collaborate with Hyderabad-based Nagarjuna Fertilisers and Chemicals Ltd, to participate in the development of UCG projects in India. Accordingly, CGE has proposed a Memorandum of Understanding (MOU) to work with Nagarjuna to formalise a relationship to procure UCG blocks to develop, construct, commission and operate a UCG Plant to produce Syngas to use as feedstock for power generation and other uses. CGE’s primary role would be to deliver and operate a Pilot and subsequent Commercial UCG Plant. Under the MOU, CGE would work with Nagarjuna, which includes a licensing agreement if one or more of the UCG blocks are granted to Nagarjuna or its nominees, to submit a bid to Rajastan State Petroleum Corporation Ltd for off-take of UCG Syngas.

Clean Global Energy is a global energy company that can produce Syngas for use in heating, power generation and the production of chemicals, fertiliser, ultra clean diesel and aviation fuels. Its primary business focus is on providing a range of Syngas products to meet its clients needs and demands. Its “Solutions Business” partners with other companies in the development of solution packages to produce power, synthetic natural gas and ultra clean fuels.Clean Global Energy also licences its technology globally. Clean Global Energy currently has projects in Australia and Inner Mongolia, China. Clean Global Energy is a dynamic and exciting company that is quickly growing into a major international alternate energy company.

www.cleanglobalenergy.com.au

http://www.traderdealer.com.au/Fundamentals/cgv

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Asciano Executes $775 million Coal Haulage Contract

Wednesday, June 16th, 2010

Asciano (AIO) announces today that it has executed a long term, take or pay contract with Anglo American Metallurgical Coal Pty Ltd for the movement of a total of 16.5 million tonnes per annum of coal in Queensland commencing 1 January 2012. The signing of this 10 year agreement will generate additional revenue of over $775 million. This new contract will see Asciano hauling 10.9 million tonnes per annum from Anglo American’s German Creek facility which is currently serviced by QRNational. The new contract also encompasses the existing 5.75 million tonnes that Pacific National currently hauls from Anglo American’s Moranbah North mine.

Asciano Managing Director and Chief Executive Officer, Mark Rowsthorn said, “Anglo American Coal has been extremely pleased with our performance since we began servicing their Moranbah North mine in mid-2009. “Anglo American Coal was looking for a unique and flexible rail haulage approach to its portfolio of mines in the Goonyella system. The result is a performance based contract that not only matches the cargo assembly mode of the coal chain, but also provides Anglo American with the ability to mix and match its mine and port haulage requirements. Winning this major contract reflects the fact that we continue to exceed our customers expectations despite the many challenges we have faced. The successful ramp up of our operations is a testament to our Queensland workforce and management team.

Asciano anticipates that it will have hauled 14 million tonnes of coal in Queensland when it completes its first full year operations on 30 June 2010.  Asciano will procure four new train sets to service the additional volumes for Anglo American Coal which is, as of today, Asciano’s largest contracted customer in Queensland.
www.asciano.com

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China Century Coal Secures Distribution Rights For Coal Spray Technology

Friday, April 23rd, 2010

A world-first spray technology to create cleaner coal is now available in Australia, with private equity investment company China Century Capital Limited (CCY) signing a sole distribution agreement for Australia and New Zealand with an international supplier. The Taiwanese product, known as 3Ec Bio-Enzyme, is a natural bio-solution derived from plants and can be sprayed on to black or brown coal. It works by altering the coal characteristics and is said to increase fuel efficiency by up to 15% and save electricity energy by 5-15 %.

China Century Capital’s chief executive officer Mr Dan Kao said CCY had struck a deal with the Taiwanese supply company to exclusively in-license the product and plans to promote the technology to Australian power plants. The technology had been extensively tested at a US power plant, with positive results. Mr Kao envisaged the technology could be adopted by power stations around the world, which were seeking more sustainable solutions to combat increasing power consumption.  “Around the world power generators are seeking ways to create cleaner coal. This spray technology enables this. Coal generates 80% of Australia’s energy and 75 per cent of greenhouse gas emissions,” he said. “All other clean coal solutions may not increase coal efficiency. While this has huge environmental benefits, it also increases the efficiency of coal.”

The 3Ec spray technology ensures the level of Sulfoxides (SOx) released from burnt coal are cut by up to 50 per cent and Nitroxide (NOx) levels are down by between 20 and 50%. Carbon dioxide/monoxide emissions are reduced by 30-40%.  Mr Kao said coal consumption was tipped to rise by 50 per cent by 2020.

www.chinacenturycapital.com.au

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