Forget the Journo's Boz..Cougars sunrise is soon to be felt.
Professor Ian Arbon takes the chair of Waste2tricity as it announces a JV with TNE LTD for ultra low carbon emission electricity from coal.[waste2tricity.com]
Focus:The tech can revolutionize the whole approach to generating electricity.."especially brown coal",which has a lower energy content than black coal and is less economic to mine in poorly accessible sites.
In terms of market size,well over 600 BT of coal suitable for UCG production is available globally.Relative to global reserves,the main UCG markets include the U.S.27% China 13% and India 10%.In the UK,the British Geo survey found that the coal resources potentially suitable for UCG was an "extra 17BT or 300 years" at current usage.
The way we look at generating our electric power is under total review and there are some big surprises coming.
HM.
CXY Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held