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Old 07-16-2014, 02:35 AM
Sparty Sparty is offline
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Default Linc's Underground coal gasification project in Poland clears hurdle

Underground coal gasification project in Poland clears hurdle

Initial approval for an underground coal gasification (UCG) project in Poland has been given to Linc Energy. In providing the approval, the ministry of the environment has cleared an initial hurdle in the way of UCG operations.

The project will take place upon the company's nominated UCG site within its coal resource license area near Krakow in Poland. Thus far, Linc Energy has completed coal resource drilling, a seismic survey and a detailed evaluation of the coals geological conditions.

The company's internal evaluation indicates that its Polish coal resources could produce approximately 800 billion m3 of pipeline gas across the life of the combined UCG projects at a rate of 10 billion m3/year for the next 80 years.

Working with Polish regulators on the first stage of the project, Linc Energy will conduct gas production trials and verify its proprietary UCG process. The aim of the first stage will be to confirm that UCG operations in Poland are operated as a safe and environmentally acceptable method of industrial scale gas extraction that can be adopted as a commercial energy solution in the near future.

Linc Energy will work with a number of local Polish companies and research organizations during the construction and operation phases of the project. Before construction of the project can begin, some regulatory approvals still need to be finalised.

As part of the new Polish UCG demonstration operation, Linc Energy intends to move some of its existing UCG equipment and gas lab from Chinchilla in Australia to Poland, as well as re-use a significant amount of UCG production equipment. Key items are expected to begin arriving in Poland by the end of Q4 2014.

In a prepared statement, Peter Bond, CEO and managing director of Linc Energy, noted that UCG could change the current energy landscape in Europe by creating gas self-sufficiency in markets currently dependent on imported gas supplies.

"After all, once Linc Energy takes its Polish UCG operations to a commercial scale, Linc Energy alone could replace 10 billion cubic meters of gas per annum for in excess of 80 years," Bond said.


Edited from various sources by Sam Dodson

I hope the Qld govt. has the grace to at least be blushing. Linc: Qld Govt. continues its vendetta

 

Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice.

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