Linc Energy
| Linc Energy Limited
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | AU000000LNC9 |
| founding | 1996 |
| Seat | Brisbane , Queensland , Australia |
| management |
|
| sales | 87786000 A $ (54 million euros ) |
| Branch | energy |
| Website |
|
| As of June 30, 2015 | |
Linc Energy Limited was an Australian energy company specializing in the production of synthetic gasoline from coal . Linc Energy was active in the development and commercialization of underground coal gasification . The group produced gas using gas liquefaction technology to produce synthetic gasoline, but also planned to use gas to generate electrical energy.
history
Linc Energy Limited was incorporated as Linc Energy NL on October 29, 1996 and changed its name to Linc Energy Ltd on November 17, 2000 . Linc Energy was listed on the Australian Securities Exchange (ASX) on May 10, 2006 and later on the OTCQX commodities trading platform in New York in December 2007.
Linc began developing a demonstration plant in Chinchilla in July 1999 that produced the first gas in the same year, yet it took more than two years to control the entire process. Linc Energy initially used a technology from Ergo Exergy Technologies Inc. from Canada for underground coal gasification . However, the use with Ergo Exergy was limited in time. After this period, a cooperation agreement was concluded with the Skochinsky Institute of Mining and the Scientific-Technical Mining Association of Russia for the application of another technology, as well as for consultations and engineering services .
In 2005, Linc Energy signed a memorandum with Syntroleum that secured it the use of a license for Syntroleum gas liquefaction technology. Linc Energy began construction of a gas liquefaction plant, the Chinchilla Plant, in November 2007. The plant was completed in August 2008 and delivered the first crude oil in October 2008. The pilot plant was officially inaugurated on April 22, 2009 and the plant's fourth generator was completed in February 2010.
On December 20, 2007, Linc Energy took over 60% and later 74% of the Uzbek company Yerostigaz , which operates coal gas liquefaction plants. On October 15, 2008, land was taken over by the South Australian oil and gas company SAPEX Limited . This acquisition gave Linc Energy access to the Arckaringa , St Vincent and Walloway Basins , which are home to coal and oil. On December 3, 2008, Linc Energy announced that it intends to acquire North American Powder River Basin land from Casper, Wyoming , a company that uses gas technology. The first land in Wyoming was assigned in May 2009 and additional land was acquired in the states of Montana and North Dakota in the same year. In March 2010, Linc Energy acquired land rights in the Cook Inlet Basin in Alaska . Project implementation and approval for gas liquefaction plants in North America have been issued.
In November 2007, Linc Energy entered into a cooperation with BioCleanCoal Pty Ltd. to set up a joint venture to develop a prototype that, as a bioreactor , will be able to convert carbon dioxide into oxygen and solid biomass through photosynthesis .
On April 15, 2016 Linc Energy filed for bankruptcy.
Business areas
The headquarters of Linc Energy is Brisbane in Australia. The company also has business interests in Queensland , South Australia , North America , Vietnam and Uzbekistan . The group owns the chinchilla demonstration plant 300 km west of Brisbane, which is the world's first gas liquefaction plant to produce synthesis gas through underground gas liquefaction plants. This plant has four natural gas generators, a gas liquefaction pilot plant, a laboratory and a wastewater treatment plant.
Linc Energy is also planning a gas liquefaction facility in the Arckaringo Basin in South Australia that will produce 20,000 barrels per day (3,200 m³ per day). This plant is being developed by Aker Solutions and is intended to produce synthesis gas from coal gasification processes. BP has an option to purchase 70% of the diesel fuel produced by this facility.
In the Yining mining area in China, Linc Energy is planning to develop a coal gasification project in cooperation with the Xinwen Mining Group . Together with Vinacomin , Song Hong Energy and Marubeni , Linc Energy is preparing a gas liquefaction project in the Red River Delta (UCG Tonkin) in the Hưng Yên province in Vietnam.
Linc Energy plans to own the land of the Emerald, Galilee and Pentland coal mines in Queensland, Australia, which they intend to sell.
Yerostigaz
Yerostigaz is a subsidiary of Linc Energy in Angren , Uzbekistan. The company was founded in 1961 and has been working continuously in underground gasification since 1964. It is part of the former Soviet coal gasification company, which was the first company in the world to use this technology commercially. Linc Energy has developed an exchange program in which the experts from Yerostigaz will contribute their experience and knowledge to the Australian chinchilla project. Yerostigaz produces around one million m³ of synthesis gas a day.
See also
Individual evidence
- ↑ Executive Leadership Team ( Memento of the original from April 19, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ a b Annual Report 2015 ( Memento of the original dated April 19, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Alex Wilson: Linc Raises A $ 57.4M, Launches A $ 20M Share Plan . In: Dow Jones Newswires , The Wall Street Journal , August 2, 2009. Retrieved August 6, 2009.
- ↑ Linc Energy Ltd. (PDF; 178 kB) Standard & Poor's . Archived from the original on December 16, 2015. Info: The archive link was automatically inserted and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved August 8, 2009.
- ^ McElligott, Suzanne: Australia's Linc Energy Signs up Russian Help for UGC Project, Ergo Energy Terminates Linc Relationship , Gasification News. December 2006. Retrieved August 6, 2009.
- ↑ a b c Linc pilot flows first GTL fuel . In: Upstream Online , NHST Media Group, October 14, 2008. Retrieved August 6, 2009.
- ↑ a b c Linc Energy Opens CTL Demo Plant , Downstream Today. April 24, 2009. Retrieved August 6, 2009.
- ↑ a b Linc Energy Limited (ASX: LNC) Technology Update On Chinchilla Underground Coal Gasification (UCG) Operations . In: ABN Newswire , Asia Business News Ltd., March 10, 2009. Retrieved August 8, 2009.
- ^ Linc Energy to merge with SAPEX . In: Australian Associated Press , The Sydney Morning Herald , June 12, 2008. Retrieved August 6, 2009.
- ↑ Linc Energy Limited (ASX: LNC) Makes Strategic Acquisition Of US Coal Gas Tech Inc. . In: ABN Newswire , Asia Business News Ltd., December 3, 2008. Retrieved August 6, 2009.
- ^ Ann Williams: Linc Energy enters voluntary administration. In: The Straits Times . April 15, 2016. Retrieved April 19, 2016 .
- ↑ Linc gears up for Chinchilla GTL . In: Upstream Online , NHST Media Group, November 28, 2007. Retrieved August 6, 2009.
- ^ Linc set for Arckaringa scale up . In: Upstream Online , NHST Media Group, November 19, 2008. Retrieved August 6, 2009.
- ^ Linc Energy signs up Aker Solutions . In: Upstream Online , NHST Media Group, August 5, 2009. Retrieved August 6, 2009.
- ^ Eduard Gismatullin: Linc Extends Diesel Option With BP From Australian GTL Plant , Bloomberg . December 9, 2008. Retrieved August 8, 2009.
- ^ POSCO, SK Energy to invest for coal conversion , Reuters . July 24, 2009. Retrieved August 6, 2009.
- ^ Fayen Wong: Australia's Linc hires UBS for coal asset sales , Reuters . June 23, 2009. Retrieved August 6, 2009.
- ↑ Linc Energy acquires Uzbekistan's Yerostigaz UCG company Uzdaily on October 11, 2007. Retrieved September 27, 2010
