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AGRI ENERGY LIMITED - ASX: AAE
The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.
Description
The principal continuing activities of the Company is in the energy and resources sector. The Company is currently developing its Australian Ethanol Business and continues to pursue new projects in the energy and resources sector by way of acquisition or investment, and/or providing consultancy services to the ethanol industry.
In its Prospectus dated 24 November 2009, Agri Energy Ltd (AAE or Company) advised that it intended to review, evaluate and develop its Australian Ethanol Business. Consequently AAE commissioned the Biofuels Association of Australia to provide a report on the current status and future prospects of the evolving biofuels industry in Australia. Having analysed the contents of the report and engaged in further industry consultations, the Board of AAE is particularly encouraged by the possibilities presented by second generation biofuel production technologies such as Cellulosic Ethanol technology and Biomass to Liquid fuels technology (Second Generation Technologies).
While the Company’s ethanol projects in Condobolin, Oaklands and Coleambally in New South Wales and Murtoa in Victoria were initially created within the confines of conventional biofuel production technology, the Second Generation Technologies have the potential to dramatically lower production costs and are now commercially available.
To this end, the board of AAE is pleased to advise that that it has commissioned the services of an independent consultant familiar with the biofuels industry, BDIC Pty Ltd, to review AAE’s ethanol projects in the light of the possibilities offered by Second Generation Technologies.
Mine For
Ethanol production
Location of operation(s)
Victoria
Address
Level 1, 33 Ord St
WEST PERTH, WA, AUSTRALIA
Phone
(61 8) 9420 9300
Website
Last Updated
21/04/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
