Peabody Energy Corporation (BTU) Message Board

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Gold/Mining/Energy : Peabody Energy Corporation (BTU)

BTU 29.94

+9.2%

Nov 3 3:59 PM EST

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From: JakeStraw	1/25/2008 10:06:54 AM
	of 20

GreatPoint Energy Announces Coal Supply Partnership with Peabody Energy and Enters Into Agreement to Build Natural Gas Manufacturing Facilities in Powder River Basin biz.yahoo.com Friday January 25, 10:00 am ET CAMBRIDGE, Mass.--(BUSINESS WIRE)--GreatPoint Energy, Inc., the leading developer of catalytic gasification technology to convert coal, petroleum coke and biomass into clean natural gas while enabling the capture and sequestration of CO2, today announced a strategic relationship with Peabody Energy (NYSE: BTU). Peabody will provide coal supplies for use in GreatPoint Energy’s proprietary bluegasTM process. As part of the agreement, Peabody will be a preferred coal supplier to GreatPoint Energy and the parties expect to jointly develop coal to natural gas manufacturing facilities at or near the Peabody mines, with a focus on the Powder River Basin area. GreatPoint Energy also announced that Peabody Energy has made an undisclosed investment in the Company. GreatPoint Energy will use the funds to develop its technology at commercial scale. As part of the investment, Peabody will assume an observer role on GreatPoint Energy’s Board of Directors.

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