TEG - Podcast, page-32

Game Changer for the TEG , as stated by RT below.
Not only the TEG, so good for so many in PB and will bring with it lots of employment.
Construction and operational.
Given price of poo will be great for our margins.
If this can all happen and from all accounts is being very well received by many will be huge for the TEG and our partner PGY.

Repurposing assets

Mr Towner also noted the opportunity to repurpose the Arrowsmith plant to partially address the emerging energy security issue as refineries around Australia shut down.

Part of the proceeds from the recent $10 million capital raising will be allocated to a modular refinery feasibility study on the coast in Dongara, WA.

“It could be a refinery of size that can handle our production and a few others’ production.

It’s quite common in regional North America but it’s strange for Australia as all our existing refineries have geographically been nowhere near our oil reserves which have to be trucked or piped.”

He said having this “mini refinery” within only 12km of Cliff Head’s offshore production could be a game changer and trucking companies are examples of businesses that could appreciate locally supplied refined fuels. “

Meanwhile, in a bid to align with new government initiatives and the growing demand for greener energy options, Triangle and its joint venture partner Pilot have been considering ways they can leverage their existing infrastructure to include renewable energy.

According to a recent investor presentation, the partners have identified the offshore WA-481-P licence area including the Cliff Head offshore facility as having “excellent potential for wind and solar projects”.

Although under a new Cliff Head wind and solar joint venture, Pilot has agreed to take an 80% operating interest and free carry Triangle on a renewables feasibility study while Triangle remains focused on the conventional oil aspect of the licence.