Syngas plans to establish a large, highly profitable clean premium diesel facility in South Australia. Coal, supplemented with non-food biomass to reduce carbon emissions, will be used as feed to the facility.
Syngas's vision is to build on this success both in Australia and Internationally.
Highlights:
1. Strong project development progress has been achieved: - Pre-Feasibility Study completed April 2009. - Base plant gasification design work in progress with technology provider. - Downstream technology licenses under negotiation. - Feasibility study including environmental impact work underway. - Access to additional Clinton coal secured June 2009, potentially extending project life and lowering costs.
2. Carbon Management options are being progressed: - Residual straw MoU May 2009. - Plant carbon footprint review in progress with independent consultants.
3. Increasing oil prices combined with increasing diesel import levels present a favourable Outlook for project returns. 4. Highly attractive project location with existing installed infrastructure including rail line, roads and power network.
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