ASSAC Merger Progresses as Tabang Readies for Production; 1H09 Loss Greater than Expected; Revising Estimates; Maintaining Buy

Analyst Details
Company: Merriman Curhan Ford
Analyst: Brion D. Tanous
URL: http://www.mcfco.com/

Summary

White Energy Company is focused on the commercialization of coal upgrading technologies. The company owns the global marketing rights to the White Coal Technology, a patented process that incorpo- rates dehydrating and briquetting of lower-grade coals to achieve a higher-grade equivalent. Leveraging this fuel upgrading process, the company can take advantage of the price differential by brown, sub- bituminous and bituminous coals, yielding a high margin business which simultaneously improves plant emissions.

20 March 2009