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Comments on this blog should never be taken as investment advice


Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. Sparty's posts nearly always relate to companies that he either holds, has held or intends to hold.

LNCLINC starts a fourth energy train: UCG - for Hydrogen Fuel Cells

  • Of all Australia's ASX listed companies it is hard to imagine one that has more innovative future that will be richly rewarding both in terms of the planet's ecology and in its investor/s pockets.

    LNC has the following:

    • Under ground coal gasification producing syngas to power electricity generation
    • Underground coal gasification and the conversion of the resultant gas to liquids (UCG-GTL)
    • At least a billion dollars worth of coking coal... that could easily be used for three stand alone coal export projects
    • A new process where fuel cells are combined with Hydrogen derived from UCG to produce electricity.

    The first two have been covered in depth and information can be readily found at www.ucg-gtl.com. The third can be found here at LNC's quarterly report

    And the fourth is why I have put up this post... The concept is exciting and oh so green....

    Using fuel cells with underground coal gasification Fuel Cells, Apr 23 2010 (The Hydrogen Journal) Article

    - Sir David King, a former chief scientific advisor to the British government and now director of the Smith School of Enterprise and the Environment at the University of Oxford, says he sees an important application for alkaline fuel cells with underground coal gasification, making previously uneconomic coal mines economic, and keeping the carbon dioxide underground.

    The idea is that coal is gasified underground to form hydrogen and carbon monoxide, by blowing oxygen and hot steam through it. The hydrogen can be directly used to make electricity in a fuel cell, and the carbon monoxide reacted again with water to form carbon dioxide, and put back underground.

    “I think the alkaline fuel cell is virtually there and there’s an immediate niche which is coal gasification," Sir David said during a recent visit to AFC Energy, a UK manufacturer of alkaline fuel cells.

    "In North Wales and Leicestershire there are coal mines that are have been closed down that are inefficient for coal mining but all that coal is still there to be gasified."

    “The biggest single challenge we’re faced with globally is to move from a fossil fuel-based economy to fossil fuel less-society," Sir David said during his visit. "To me, this challenge is the most wonderful technology, innovation, wealth creation possibility. What I’ve just seen at AFC is an exciting example of this. The alkaline fuel cell has the possibility to create power stations with megawatts of electricity.”

    The UK could access an estimated 17 billion additional tons of coal using this process.

    AFC Energy has an agreement with Linc Energy of Australia, to use the technology in Linc's global UCG projects.

    Following the visit, Sir David invited AFC Energy to join leading global figures from the policy, business and academic communities at the 2010 World Forum on Enterprise and the Environment, run jointly with The Times newspaper.

    AFC Energy

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