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Old 09-15-2010, 02:53 AM
Sparty Sparty is offline
Join Date: Mar 2009
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Default New Hope Corporation's new CTL technology to replace dwindling oil supplies

New Hope Corporation one of Australia's larger coal players with coal deposits, coal shipping ports and CSM projects has added to its giant $4b + portfolio with a strategic acquisition of a coal to liquids technology from private Canadian firm Quantex Research Corporation and is thought it may be possible to replace a portion of global crude oil supply.

"The wide global distribution of existing coal types and reserves provides the opportunity for this NHC-QRC process to replace a portion of the global crude oil supply, especially in high growth areas of Asia and India", NHC managing director Robert Neale said.

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