possible new biofuel source in australia, page-24

Hoob's, JAT have a deal with Coal Energy Australia to use their Coal Plus tech, however my thoughts are that they may go for another tech. Which one, don’t know. Could still be JAT. CEA have just won $30mill funding from Vic/Fed Gov's to build a $143mill demo plant. But CEA are talking fertilizer as an off spin product which the Coal Plus tech doesn’t seem to have. Also of interest is that both the Vic Gov and Abbott met with China Development Bank while in China -

http://www.asx.com.au/asxpdf/20130306/pdf/42dh7rzsgp74yb.pdf

• Jatenergy meets with China Development Bank.

• Jatenergy signs letter of intent with Coal Energy Australia to cooperate on facilitation, development and operation of Coal Plus technology, both in Australia and internationally.

Jatenergy meets with China Development Bank

Jatenergy has held meetings with a delegation from the Henan Branch of the China Development Bank on their recent visit to Australia. The Bank has expressed interest in future Coal Plus projects and a willingness to assess such projects with a view to their potential funding.

Letter of intent signed with Coal Energy Australia Limited
The board of Jatenergy is also pleased to announce that it has signed a non-binding letter of intent with Coal Energy Australia Limited (CEA).

CEA is a newly formed company established to explore opportunities for developing, owning and operating coal beneficiation facilities in Victoria’s Latrobe Valley.

Latrobe Valley coals typically have higher moisture, lower ash and lower sulphur content than those processed to date
with Coal Plus in China.

Jatenergy and CEA have agreed to cooperate for their potential mutual benefit in the areas of:

• marketing, promotion, development and operation of Coal Plus technology in the Latrobe Valley (in
the case of CEA) and internationally (in the case of Jatenergy)

• sharing of technical and capital information on Coal Plus technology to better enhance its saleability
and acceptance

• potentially establishing a basis for making decisions on executing and investing in projects.

B Rubes