ucg technology questions, page-8

And lets be honest dex, that risk of being overtaken by a more economical UCG technology actually needs some context.

Because Cougars business is not tied to other UCG companies. The CSG industry, ETS, coal fired power, wind and solar PV/thermal are the real factors here.

Once CXY has sunk its cost of establishing a plant and facilities, it does not matter that the payback period is necessarily extended. Sure its not good, but you are on the horse.

The long run baseload costs per MW look around $60/MW and higher under an ETS. I think that the Cougar should be competitive in that environment as it will be possible to minimise efficiency loss by removing the CO2 when treating the SYNGAS anyway, before combustion in the turbine.

By the time Cougars starts winding out power, I am sure Linc will have solved all their sulfur removal and other catalyst contaminant issues.

Cheers,

SF