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Gold/Mining/Energy : Gasification Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (573)	9/23/2006 7:19:36 AM
From: Dennis Roth	Respond to of 1740

Big diesel plant moves a step closer By Peter Ker September 22, 2006 theage.com.au The possibility of a big diesel production plant in the Latrobe Valley is closer after the State Government awarded a mining licence to a subsidiary of South African mining giant Anglo American. The Monash Energy plant would produce 25 per cent of Australia's daily diesel needs from brown coal. But the project partners said there were more than a decade of hurdles to clear before a plant would be possible. Premier Steve Bracks said the project was the most important for Victoria since the Bass Strait oilfields. "If it becomes fully operational, it is estimated the plant would . . . generate between $5 billion and $10 billion in economic activity," he said. Yesterday's announcement gives Anglo American the ability to further invest in the project, which it will pursue with Shell. The first task will be to build a demonstration plant, which is hoped to be completed by 2011. The full plant would be operational "in the latter half of the next decade", at the earliest. The project relies on geosequestration - where carbon dioxide is buried - being proven as an environmentally friendly carbon disposal method. Some forecasts predict the plant could create 60,000 barrels of high-quality diesel a day. Mr Bracks said: "It will position Victoria to become a world leader in large-scale commercial carbon capture and storage, which every country in the world is seeking to have a breakthrough on."