I noted the pangea energy editorial website had been down for a while, it's back again, and this is their most recent entry:
"Congratulations to Carbon Energy (ASX: CNX) for their success with their Underground Coal Gasification (UCG) trial. With today's announcement to the market, the production of commercial quantity syngas from UCG using CSIRO technology is now proven. The potential of this is simply mind-blowing. It is 8 - 16 times more productive in terms of energy yield than Coal Seam Methane and also yields chemicals for fertilizer and petro-chemical manufacturing. With almost no greenhouse gases or environmental issues.
India and Japan are taking note. Is this the large-scale commercially economic clean energy of the future now arrived? We think so.
We look forward to hearing progress of their commercialisation."
CNX Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
