LNC 0.00% 99.5¢ linc energy ltd

http://www.brisbanetimes.com.au/queensland/taking-a-ride-on-a-coa...

  1. 613 Posts.
    http://www.brisbanetimes.com.au/queensland/taking-a-ride-on-a-coalfuelled-plane-20120508-1yafp.html

    Mr Bond believed he could produce a barrel of international standard jet fuel for $30 a barrel, that was about 20 cents a litre.

    "Traditionally for us to import a jet fuel is about $110 to $120 a barrel," he said.

    His original commercial plan was to build a plant at Linc Energy's Chinchilla centre and produce 20,000 litres of jet fuel a day - a million litres a year.

    Linc Energy has an memorandum of agreement with BP for its jet fuel.

    >>>>Thats what he said on the news and also he could supply up to a third of australias demand for diesel and jet fuel. All sounds too good to be true.


 
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