Carbon Energy achieves an Australian first in power generation...

Carbon Energy achieves an Australian first in power generation

Carbon Energy Limited (ASX: CNX) today announced an ?Australian first? in achieving electricity generation using syngas produced through its unique process of Underground Coal Gasification (UCG). The Company has achieved this Australian first at its UCG syngas power plant at Bloodwood Creek in Queensland.

Carbon Energy Managing Director Andrew Dash said this achievement represents a major step forward for the Company as its moves closer to its first revenue milestone ? connection to Ergon Energy?s local electricity grid, expected in October this year. ?The facility confirms Carbon Energy as a world leader in UCG technology development and expertise that delivers lower emissions energy from coal,? he said. Mr Dash said this landmark achievement brought cleaner, low-cost energy closer to commercial reality and builds on the10-year UCG technology research previously conducted in conjunction with the CSIRO. ?The generation of electricity from syngas further demonstrates the value of UCG in delivering a viable method of power generation, which is more environmentally friendly than traditional coal-fired power plants,? he said. ?Importantly, as demand for low-cost, cleaner energy continues to grow in Australia and around the world, our capabilities to produce base-load electricity from otherwise stranded coal resources will be valued more significantly by the market.?