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Old 02-19-2016, 03:34 AM
Sparty Sparty is online now
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Default Linc Energy & PT Sugico Graha sign agreements to develop commercial UCG projects

Linc Energy and PT Sugico Graha sign agreements to develop commercial UCG projects in Indonesia

 PT Sugico Graha (Sugico) has been granted a license to use Linc Energy's proprietary Underground Coal Gasification (UCG) intellectual property throughout Indonesi'
 Sugico to pay a License Fee of US$17.5 million for the UCG license upon achievement of agreed milestones and an ongoing royalty for the synthesis gas produced by UCG
 Sugico plans to deploy UCG across its significant coal acreage, with initial
projects planned for South Sumatra and South Kalimantan

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