Solid Energy’s new technology to convert energy feedstock to high-grade coal

Friday, 21 May 2010 14:56:11 (GMT+3)   |  
       

New Zealand-based coal producer Solid Energy has announced that it has signed an agreement with innovative Australian company Ignite Energy Resources Pty Ltd (IER) securing the exclusive New Zealand rights to a technology which converts low energy feedstock, such as lignite and biomass, to high-grade coal.

According to a Solid Energy press release, the binding heads of agreement will lead to a licence agreement worth up to AU$15 million, plus royalties. Solid Energy and IER will work together to further develop and commercialize the technology and will construct and commission a pilot plant able to process lignite and biomass in New Zealand.  The commercial pilot plant, in a yet to be determined location, will be capable of expansion to a 1 million mt per annum facility.

IER is currently converting lignite to synthetic crude oil and high-grade coal at a pilot plant in Somersby, New South Wales, Australia.  The high-grade coal produced has the potential to be used in the steelmaking process.


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