Friday, March 30

Carbon Energy out of spark

JUST over a month after becoming the first Australian company to export synthetic gas power to a commercial electricity grid, Carbon Energy is suspending operations outside Dalby, letting a handful of staff go.
But the Brisbane-based ASX-listed company expects to be back with a vengeance as soon as it can find a partner for a full-scale underground coal gasification project - a move that if successful would create "hundreds" of permanent jobs.

"We actually think we're now at the point where we can move to full-scale operation," managing director Andrew Dash said.

"Our footprint is just 5 per cent of the same area required for an equivalent coal seam gas development. We have very low impact on other land uses, we're not on strategic cropping land, so we think we've got a very good opportunity here and it's really just about focusing on moving to the next phase."

Mr Gash said there were 18 people at Carbon Energy's UCG plant at Bloodwood Creek, near Dalby.


Courier Mail

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