I came across this article while researching NDO wanted to share...

I came across this article while researching NDO wanted to share this one. This article is is year old mind you.


Nido Petroleum has a strategic investment in Cool Energy Ltd (Cool Energy), a Western Australian based company which is using innovative technology to remove contaminants, particularly CO2, from gas feedstocks.

Cool Energy is using its CryoCell® cryogenic gas processing technology to provide world-class gas processing solutions with a number of advantages to the global energy sector, including environmental, capital and operating cost benefits.


Cool energy has a number of advantages over conventional technology. Cryogenic gas processing replaces chemical and physical solvent processes, meaning no chemical consumption which results in lower costs and no chemical hazards. The operating plant required is smaller and uses fewer equipment components which results in lower capital costs and less operating complexity. The CO2 can also be captured as a liquid, reducing the cost for geo-sequestration.
It will allow users of this technology to unlock gas reserves that were previously considered uneconomic due to their high levels of contaminants and allow for efficient separation of CO2, providing effective disposal of greenhouse gases.

Nido is one of 11 investors in this new technology, along with partners such as ARC Energy, Shell, Woodside Petroleum and Curtin University. Nido’s initial investment comprised a 36% interest in Cool Energy and a series of redeemable convertible share for a total consideration of A$1.595 million in 2005. In December 2005 Shell Global Solutions International became a significant shareholder and Nido’s interest was reduced. Nido’s current interest stands at 25.7%.