ChatGPT-4 Answer

I asked CHATGPT-4 if Parkway Corporate's iBC technology would solve Queensland's Coal Seam Gas environmental brine issues and this is what I got. I really liked the response and it's potential to be a game changer:

Parkway Minerals' iBC technology seems to provide a potential solution for managing the environmental challenges related to brine production from coal seam gas (CSG) extraction in Queensland, Australia. Coal seam gas (CSG) is a significant source of gas in Queensland, with commercial production primarily sourced from the Bowen and Surat basins. The extraction process involves drilling wells through coal seams, which reduces pressure and releases natural gas from the coal.

However, this process results in large volumes of highly saline water, known as brine, which is an unavoidable by-product of the CSG extraction process. Existing technologies, like desalination plants, can remove salt from saline water but do not address the waste by-products, such as the residual salts1. The current operating CSG projects in Queensland are expected to produce 5-6 million tonnes of these waste salts1. Parkway's iBC technology is designed to address this issue. It treats the toxic waste brines, recovers fresh water, and turns the waste salts into three industrial chemical products: caustic soda for alumina refining, industrial-grade salt, and agricultural lime for use on acidic soils in the local farming industry.

This approach not only manages the brine but also creates a circular economy through the production and sale of industrial products in Queensland1. Parkway has spent millions of dollars on developing its brine processing technologies, in collaboration with Victoria University and global engineering firm Worley. They've recently confirmed the scalability of the iBC technology to an industrial scale, after a year-long feasibility study funded by a global gas producer1. Under Queensland legislation, if a new technology for producing products from waste brine that's technically and commercially viable emerges, all companies extracting CSG in Queensland are required to adopt that technology1. Therefore, if the iBC technology proves successful and commercially viable, it could be widely adopted in the industry. Parkway Minerals is currently developing a 'master plan' for how the Queensland CSG industry should address its residual wastewater problem.

The company suggests that the cost to the CSG industry to address this problem could be more than $300 million a year, making this a significant commercial opportunity if Parkway's iBC technology is successful1.

Mr M.