11/05/2007
Article Details
Source: Australian Financial Review
Article Date: 11/05/2007
Summary
BHP Billiton has announced backing for White Energy’s coal-conversion technology. It will invest $A42m as a seven-year unsecured convertible loan in return for marketing rights to the briquettes produced. White Energy’s process, developed in conjunction with the CSIRO, uses drying and high pressure to transform inferior sub-bituminous coal into more energy-efficient briquettes. The process increases the energy available from the coal by 50 per cent. White Energy plans to build…