http://www.istockanalyst.com/article/viewiStockNews/articleid/3645525
(Source: Datamonitor)Linc Energy has extended its memorandum of understanding with BP Australia. The memorandum of understanding allows for BP Australia to be the first customer to purchase a minimum of 14,000 barrels per day of ultra-clean diesel to be produced at Linc Energy's first production plant to be commissioned in South Australia.
Linc Energy has said that the memorandum of understanding (MoU) provides BP with the opportunity to purchase up to 70% of the initial 20,000 barrels of ultra-clean diesel and other clean fuels to be produced at the plant in a take or pay agreement.
Peter Bond, CEO of Linc Energy, said: "We are delighted to continue our good relationship with one of the world's largest energy companies by signing this MoU with a specific focus on South Australia. This dovetails nicely with our vision to produce ultra-clean diesel from our first commercial facility in South Australia."
NOW HOW FAR AWAY IS THIS PLANT FROM THEWORLD. WAS IT THE MIDDLE OF NOWHERE NOT SO LONG AGO.
Could CTP also have something on the cooker going once the sizes of anticipated 5 or more CBM discoveries come into play.
Maybe JH could drop some more detail plans as any secrets he has about his plant at alice Springs soon.
Great to have some GTL positive news appearing next to CTP tenements.
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