TRUenergy Agreement Signed
TRUenergy Agreement Signed
Date: 11 August 2011
Ignite Energy Resources Limited ('IER') is pleased to announce that it has entered into a Hosting Agreement with TRUenergy, a major Australian energy provider with a multi-billion dollar portfolio of generation and retail assets. TRUenergy is an Australian-based subsidiary of China Light and Power.
The agreement relates to the assembly of a Commercial Demonstration Plant ('CDP') of IER's Cat-HTR Process at TRUenergy's Yallourn brown coal-fired power station in Victoria's Latrobe Valley. As part of the agreement, the CDP will supply upgraded energy products, namely micronised coal and synthetic crude oil, to the Yallourn plant.
By assembling and testing the CDP at Yallourn IER can save a number of years in the development timeline for its Cat-HTR Process. This is because Yallourn has the supporting infrastructure (electricity and water), feedstock (lignite) and permitting needed to continuously operate the CDP.
Background
IER has commenced the construction of the CDP at its Somersby Engineering Facility, located on the Central Coast of New South Wales. After extensive testing at Somersby, the CDP will be moved to Yallourn for continuous testing and operation. IER expects that re-assembly at Yallourn will be completed during 2012.
IER's Cat-HTR Process, when fully deployed, has the potential to significantly reduce the CO2 emissions from brown coal-fired power stations. IER estimates that a significant CO2 reduction can be achieved by using its micronised coal in an ultra super critical boiler, while producing the same amount of electricity.
Yallourn North - Brown Coal-Fired Power Station
