Source: Ralph Wragg Australian Business News
Article Date: 24/05/2007
Sydney – Thursday – May 24: (RWE Australian Business News) – White Energy Company Ltd (ASX code: WEC) wholly-owned subsidiary Binderless Coal Briquetting Pty Ltd has been offered a $4.35 million Commercial Ready innovation grant by AusIndustry.
This grant will enable White Energy to fast-track the building of a new and enhanced demonstration plant.
The new plant will improve the company’s testing capabilities and in particular enable it to meet rapidly growing demand from coal producers and power companies from around the world to process and test feedstock coal through the White Energy process.
Managing director Mr John Atkinson said, “The cleaner coal technology upgrades high- moisture coal into a higher quality, more emission-compliant product through a patented protected upgrading process involving the drying and subsequent briquetting of sub- bituminous and lignite coals.
“The grant is a strong endorsement of our patented coal upgrading technology and demonstrates the Government’s focus on cleaner coal technologies as a key platform of future energy policy.”