FUNDAMENTALS. China and its energy demand is going to increase and the amount of lignite in Mongolia that Datang have that can utilise COLDRY to produce an black coal equivalent under $55 per ton is potentially huge.
Why IS Datang interested in ESI, the WEC process is simply not as good as COLDRY ,have real issues with production.
Management should be congratulated in providing a future partner in DATANG that has contacts with chinese banks to provide funding to complete a number of 40 million ton coldry plants if required.
China is spending billions in real assets and energy security , the 2000 ton test burn IMO will be a positve result.
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