AUL 0.00% 28.5¢ austar gold limited

Can't seem to find very much info on Coal Energy Australia...

  1. 2,403 Posts.
    Can't seem to find very much info on Coal Energy Australia Limited other than they are apparently a pretty new company.

    Here's an excerpt from a Jatenergy announcement back in March of this year, but I thought that their Coal Plus Technology was already proven at a commercial scale given they have a number of plants already operating in China.

    Letter of intent signed with Coal Energy Australia Limited

    The board of Jatenergy is also pleased to announce that it has signed a non-binding letter of intent with Coal Energy Australia Limited (CEA). CEA is a newly formed company established to explore opportunities for developing, owning and operating coal beneficiation facilities in Victoria’s Latrobe Valley. Latrobe Valley coals typically have higher moisture, lower ash and lower sulphur content than those processed to date with Coal Plus in China.

    Jatenergy and CEA have agreed to coopera te for their potential mutual benefit in the areas of:
    * marketing, promotion, development and operation of Coal Plus technology in the Latrobe Valley (in the case of CEA) and internationally (in the case of Jatenergy)
    * sharing of technical and capital information on Coal Plus technology to better enhance its saleability and acceptance
    * potentially establishing a basis for making decisions on executing and investing in projects.

    Link to announcement here
 
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