general chat/ thoughts, page-2176

For well over a decade QGC have stored their CSG brine in dedicated ponds and each year they issue a report titled "QGC Water Management Plan (Year) Annual Report" which in part indicates how they plan to deal with the brine long term.

Up until 2020 QGC's plan was to commence constructing a "salt encapsulation facility" in 2022 to be ready by 2025. There has been recent widespread condemnation of this method of handling the brine with fears of potential leeching and contamination of the surrounding area. The facility also has to be designed to hold the brine for a minimum of 150 years with continued monitoring.

In 2021 this Annual Report changed to the following:
"As a direct result of lower brine/salt profiles, emerging crystallization technology and renewed industry collaboration discussions, QGC has endorsed a strategy to defer the construction of a Salt Encapsulation Facility until approximately 2027 (operational in 2030)."

I surmise that this is due to the potential of PWN's technology being able to treat over 95% of this issue, however, these things take time to evolve and for due diligence to be completed, therefore, more time is needed before pulling the trigger to go down this encapsulation path.

Another report I highlighted several days ago stated the following:
"Encapsulation in purpose-built facilities is the optimal option in the absence of regulatory change or a shift in community sentiment. Encapsulation facilities constructed off prime agricultural land, and either adjacent to brine ponds or within brine ponds that are no longer required for brine storage, or at a third-party regulated waste facility are the most viable/least impact whole-of-industry management solution.

Keep in mind that this report was issued in around 2018 and things have changed since.

The very same report states that the number 1 preferred option is to create salable products.
"Treatment to create useable and saleable products - Brine or salt residues can be treated to create saleable products, for example soda ash, and commercial salt. Using brine or salt residues to create saleable products may be authorised through the conditions of the environmental authority or through a beneficial use approval if it is to be undertaken outside the area of the petroleum tenure.
Disposal of brine and salt - The disposal of brine and salt must only be considered after a feasibility assessment has determined that there are no reasonable options to minimise the volume of waste for disposal."

ALL previous feasibility studies have failed for various reasons. The most recent was going to cost over 1 billion to complete.

PWN's solution currently claim is going to provide payback of the CAPEX within several years and considerable savings each year thereafter. There's no guarantee PWN will land a build contract, but I expect it's by far the best solution anyone in the CSG industry will have reviewed to date.
The pressure's mounting to deal with CSG brine once and for all. PWN's method appears financially beneficial as well as provides a decent tick in the CSG green credentials box.

Maybe I and others should stop delving into this and not share our research so the Muppets looking for their next multi-bagger and living off their emotions can DYOR or move on.