Moving on, I think an important issue will be to do with the Carbon plan? From the wikipedia article on methanol I note: http://en.wikipedia.org/wiki/Methanol
"Methanol burns in air forming carbon dioxide and water: 2 CH3OH + 3 O2 �¨ 2 CO2 + 4 H2O "
That means if CNX produce methanol, the CO2 will not be produced by the UCG process and released into the atmosphere but rather downstream industries. I'm not sure where this leaves CNX in regards to the ETS.
CNX Price at posting:
72.8¢ Sentiment: None Disclosure: Held
