To put it simply the Chinese need and want cleaner energy sources within their own country. This has been expressed from CGV's dealings with its Chinese JV parties as well as the Chinese government itself. Its a well known fact.
And their willing to pay for it.
China JV.
http://www.proactiveinvestors.com.au/companies/news/3094/clean-global-energy-aims-high-with-with-mongolian-coal-gasification-agreement-3094.html
China is actively seeking clean energy alternatives and now was the right time for CGE to become involved in this space, he said.
We are very pleased to be working together with our joint venture partners to provide a cleaner coal solution for China and the global community and look forward to a successful future.
http://www.nytimes.com/2010/01/31/business/energy-environment/31renew.html?pagewanted=1
The link on coal from above article:
http://topics.nytimes.com/top/news/business/energy-environment/coal/index.html?inline=nyt-classifier
China is leading the race to make renewable energy.
http://www.newyorker.com/reporting/2009/12/21/091221fa_fact_osnos
China seeks more clean energy intergration.
http://www.greenchipstocks.com/articles/china-clean-energy/465
Whats next for CGV?
CGV all going to plan will be cash flow positive at the end of this year as it will be contracting its design and technical skills to the JV company.
Where it will also go with this is not sure but there are many opportunities to contract out it UCG expertise. The benefits of having a great team.
CGV's greatest growth just may come from China!
Lets see what will happen next?
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