Linc Energy´s long term business plan is to use the syngas produced via UCG as feedstock to an adjacent on-site Coal To Liquids (CTL) plant with a target production capacity of 20,000 barrels of diesel fuel per day (20,000 BPD). Most importantly, the diesel fuel produced from Linc´s syngas will be a cleaner alternative to conventional refinery diesel.
Additionally, Linc Energy´s long term business plan is to use the syngas produced via UCG as feedstock in a Gas Turbine or Combined Cycle plant to generate much-needed and more environmentally friendly electricity.
Bringing together the unique production processes of UCG clean coal technology and CTL presents exciting opportunities for the future of the company and the country. Linc´s syngas is a much cheaper feedstock for the CTL process than traditional sources such as Natural Gas or Coal Gas derived from above ground coal gasification.
The unique advantage is that Linc can produce its syngas directly from the coal seam and then feed the output straight into the CTL Plant and Power Plant planned for the Chinchilla site.
The innovative thinking that has led to this unique process combination has the potential to make Linc Energy one of the world´s leading producers and suppliers of ultra-clean liquid fuels. This has an added advantage of helping address the insatiable global demand for diesel and other liquid fuels.
LNC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
