13 September 2007
WHITE ENERGY AND THIESS ENTER INTO A STRATEGIC ALLIANCE FOR THE CONSTRUCTION OF WHITE ENERGY’S BINDERLESS COAL BRIQUETTING PLANTS
White Energy Company Limited (“White Energy”) has entered into a strategic alliance for a period of five years with Thiess, through a contract with its Indonesian subsidiary, PT Thiess Contractors Indonesia.
White Energy has aligned itself with one of Australasia’s leading engineering, procurement and construction groups to develop Binderless Coal Briquetting plants in Indonesia. White Energy currently has joint venture contracts in place to produce a targeted thirteen million tonnes of its patented binderless coal briquettes per annum. It also has a significant pipeline of additional development opportunities in Indonesia.
Under the terms of the strategic alliance, Thiess will provide engineering design, procurement and construction services for the development of Binderless Coal Briquetting plants based on White Energy’s designs. In addition, Thiess will provide White Energy with ongoing operation and maintenance services at those plants. This will allow White Energy to leverage Thiess’ specialised labour force and expedite growth.
As one of the largest EPC contractors and mining contractors in Indonesia, Thiess is the ideal partner for White Energy to roll out its patented coal upgrading technology.
About White Energy
White Energy is the exclusive worldwide license holder of the Binderless Coal Briquetting process that upgrades relatively poor quality coal to significantly increase its energy efficiency. White Energy is in the process of commercialising its technology and is actively pursuing opportunities to deploy its technology across various markets including Indonesia, China, other Asian markets and the USA.
White Energy has a technology that represents a first step in building a cleaner coal solution. White Energy’s process is an important first step – an evolutionary process that speeds the maturation of lower grade coals. White Energy is committed to delivering cleaner coal technologies with a view to ultimately achieving zero emission targets. The process has been shown to be cost and operationally superior to competing technologies. The process was developed by CSIRO in conjunction with TraDet Inc, K.R. Komarek Inc and The Griffin Coal Mining Company Pty Ltd.
About PT Thiess Indonesia
Thiess Pty Ltd, is a member of Leighton Holdings Group of Companies. PT Thiess Contractors Indonesia, a subsidiary of Thiess Pty Ltd, provides a diverse range of services to the mining, oil and gas, infrastructure, telecommunication and power station sectors in Indonesia. These services include total mining services from mine to port, and multidiscipline engineering, procurement and construction services for oil and gas, mineral processing, civil infrastructures, telecommunication, EPC for power generation and environmental projects.
For Further Information Call:
White Energy Company Limited
(02) 9251 1311
White Energy and Thiess Strategic Alliance Announcement
13 September 2007