China remains the worlds largest producer and consumer of coal accounting for almost half of the world’s coal consumption.
In 2012 alone, China consumed an estimated 4 billion short tons of coal. Domestically coal in 2011 accounted for 69% of China’s total energy consumption.
White Energy is in discussions with several potential strategic partners to commercialise the BCB technology in China, with a particular focus on the benefits of the BCB technology and its application in the coal gasification process.
In the China market, White Energy plans to sub-licence the technology, in return for an upfront licence fee and ongoing royalty stream. In this regard, preliminary discussions have taken place with a number of short-listed parties in China who have expressed interest in gaining access to the BCB technology to add value to their coal resources.