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Champion Eves keep up the determination! No need for a PR. We can guess your doing what you can for us shareholders including yourself! Keep on hoarding our technology like I said before don't accept any offers. Your in the drivers seat now with potentially direct help from the DOE :). Lets see what happens
Rewind to July 2016 .....in the most desperate times for coal, an investor ( scavenger) wants 70 percent of our company, why.....bottom fishing perhaps? That would be a controlling interest now wouldn't it. Stock is at .30.
Now, what has changed? Everything that's what! We keep our company with a relationship with the DOE. Most likely we control but hiring of US workers maybe the driver for the DOE to get involved, no problem at all.
Think about this long and hard folks!
What is the potential? Huge imo. Still here accumulating.
Insiders own almost 30 percent. The deal with the US investor at that time seemed ok but now it's obvious to me Eves sees better opportunities and value for shareholders including himself. It's obvious his analysis of that offer is a sellout in today's environment. With the DOE no dilution or sellout. As I said last month.... I was hoping he never accepted the old offers. That hope of mine seems like he didnt based on Hogans posts.This to me is great news no dilution no sellout. Lets see what happens in the end. I continue to accumulate.
July 2016 was a very different time. Eves at this time is not backed up in a corner like then. Thank you Mr Eves for not selling 70 percent imo a sell out.
Also, when the big company made the offer, it was in July 2016, a far different time for coal.
Makes sense to me, also the White House has a new direction.
https://www.whitehouse.gov/america-first-energy
I think your analysis is bang on!
Do business directly with the DOE, no need for a partner.
With no partner, no dilution, no restrictions.
Lets see what happens....
Lol my hopes are loading up to 5 million based on the landscape. Lets see what happens in the end.
I woke up this morning racking my brain.....why if Hogan is right that both offers are on hold up to the DOE, would the company be silent and not release a PR?
The only answer I can come up with is this.... pure speculation but is the DOE directly involved and therefore the company may not need investors and cant say anything at this time?
I looked at the most recent news and articles to come up with this determination.
"Management has had extensive dialogue with Washington since the New Year, with a structured follow up scheduled. We are looking forward to seeing words translated into actions after the 20th of January with the new mandates that will be instigated for the coal industry by the new administration. We believe that this change in attitude will further increase the value of our groundbreaking first-of-a-kind technology."
The new year was under Obama. Now under Trump a far more favourable environment.
"The Australian government has opened the door to using a $5 billion fund designed to attract investment in northern Australia, to develop clean-coal projects."
Is the US looking at loans/grants or allocation of a funds too? Spicer was quoted.....
"The White House Press Secretary told reporters that technology would ensure that clean coal production would be 'environmentally friendly’
When asked by a local news reporter in Virginia about residents’ concerns about the impact to the environment, he replied: "I think when you hear him (Trump) talking about coal specifically, it’s under the guise of clean coal, and I think the technology we’re able to utilise these days make it one of the cleanest uses of technology that we have."
If CCTC was looking for help directly from or a partnership with the DOE, then of course the 2 offers would be on hold in the best interest of shareholders. Just speculation, lets see what happens....
If both offers are on hold in front of the DOE, then the company should release a PR saying just that and provide an explanation why. Imo this is good news, seeking approval for plant moving out of state or grant/loan etc. They would not be in front of the DOE if there were no offers or both offers were terminated. Just the way I see it.
The most recent interview quoted Eves saying moving plant to bigger operation within 90 days. If there was uncertainty why say that. Maybe a DOE sign off? I would rather have Trump's DOE vs Obamas anyday. If true, why would the DOE be involved? A loan or grant perhaps or is this standard procedure? Also further tests required by Australia group stated in the same article. Does not seem Australia is a no. I am still buying. Lets see how this plays out. Maybe some here in the government or coal business can shed some light on this.
Lol surface vs big picture. Gonna try something.
Yes fair. I am betting chances of success are higher now than before.
Thats your opinion I guess, but the landscape has changed to positive just telling the truth. My position is quite simple, if it goes down I buy more shares for less money, the bet is that I am hoping they execute. Lets see...
Surface thinkers think the way you do. Big picture thinkers think the way I do. The stock is not going down because of my posts its going down because lack of news and execution. Me well I am buying and thinking of the big picture chg in landscape. Lets see if they execute.
Yes the landscape has drastically changed to positive from 2008-2016 under Obama, lets see if CCTC can capitalize, I am betting they can. The way I see it, if the stock hit $1 last year on tests alone and a very negative coal environment under Obama, what is the potential of the stock and finding a partner now in the most positive environment, seems like the buzz word around the coal world is clean coal. Lets see what happens this year.
As coal shortfall looms, miners enjoy unexpected boom
February 10, 2017, 01:36:00 AM EDT By Reuters
* Coal prices have surged, topping oil, LNG, copper gains in
2016
* Coal mining shares outperform in commodity sector
* Thermal coal markets to see supply shortfall in 2017
* Solid demand from China, SEAsia underpinning market
By Henning GloysteinSINGAPORE, Feb 10 (Reuters) - Many a swan song has been sung
for thermal coal markets as renewable power generation and a
push towards using more natural gas have gained traction.
Yet a coal price spike last year, driven by a Chinese change
in regulation that capped local mining operations, has shown how
easily markets can swing from oversupply to shortfall.
While many analysts and investors see the long-term outlook
for coal as bleak due to policies and technological advances
that favour cleaner natural gas and renewable in power
generation, its shorter-term prospects has seen a sharp reversal
of fortunes.
"We are pleased to see the improvement in thermal coal
market dynamics on the back of supply cuts in China and
sustained demand," said Febriati Nadira, head of corporate
communication at Indonesian mining major PT Adaro Energy
<ADRO.JK>.
China's coal imports jumped 64 percent in January from a
year earlier, to 24.91 million tonnes, one of the highest in
years, official customs data showed on Friday. [nL4N1FV1VT]
This year, strong demand growth in Asia's emerging markets
will create a supply shortfall for the first time in around half
a decade. Consumption could even soon rise past the 2014 peak,
according to Asia's largest commodity trading house, Noble Group
<NOBG.SI>.
Despite coal's high levels of pollution, utilities and
governments in emerging economies, at least for now, largely
prefer coal-fired power over cleaner fuels in order to meet
soaring energy demand.
While gas and solar prices have fallen sharply, coal remains
one of the cheapest and most easily maintained sources of
electricity.
More than 10 gigawatt (GW) of coal-fired power stations were
sanctioned last year in Southeast Asia, where most new demand
stems from, compared to just 4.6 GW of gas-fired projects,
according to energy consultancy Wood Mackenzie.
"New markets like the Philippines and Vietnam are starting
to seek our coal," the chief executive of Indonesian coal miner
PT Bukit Asam <PTBA.JK>, Arviyan Arifin, told Reuters this week.
Rodrigo Echeverri, head of thermal coal analysis at Noble,
believes this year's global thermal coal market will be 13
million tonnes short of meeting 911 million tonnes of demand,
compared with a broadly balanced market in the last three years.
The tightness is a result of falling output after some
companies including U.S. giant Peabody Energy <BTUUQ.PK>, filed
for bankruptcy, and other miners cut output at unprofitable
mines. [nL1N1FM289]
At the same time, Chinese imports grew by 43 million tonnes
as a result of restrictions on local production, while new
coal-fired power plants were commissioned in countries including
Vietnam, Malaysia, Philippines, Taiwan, Echeverri told a
conference in South Africa this month.
To meet the imminent shortfall, some miners have again begun
ramping up output.
Indonesia, the world's biggest thermal coal exporter, said
this month it is targeting production of 470 million tonnes in
2017, compared with its previous goal of 413 million tonnes and
up more than 8 percent on last year. [nJ9N1EZ01F][nL4N1FR40N]
There are also signs that Australian thermal coal output is
picking up, with exports from Queensland hitting a record last
year. [nL4N1F029S]
Even so, the shortfall in supply could reach 28 million
tonnes by 2020, meaning more new mines would need to be opened
by the mid-2020s to meet demand, Echeverri said.
COAL OUTPERFORMS
Most commodities, including thermal coal <GCLNWCPFBMc1>,
crude oil <LCOc1>, copper <CMCUc1> or liquefied natural gas
<LNG-AS>, have seen price rises since early 2016 as part of a
broad-based rally.
Australian thermal coal has performed best, rising 53
percent price versus 48 percent for oil, 25 percent for copper,
and just 8 percent for Asian LNG.
Because of this, companies focusing on seaborne coal
supplies fared better than other miners or oil and gas
producers.
"For pure coal players, the rise in prices from June 2016
... provided the catalyst for improved export sales margins
given that many producers were actively managing their
production costs," said Patrick Markey, managing director of
commodity advisory Sierra Vista Resources in Singapore.
This reversal of fortune of an industry that was deeply in
trouble just a year ago has been noted by investors.
Shares in thermal coal specialists like Australia'sWhitehaven Coal <WHC.AX> or Indonesia'sAdaro Energy, are far
outperforming their peers in the oil and gas sector like
Australia'sWoodside Petroleum <WPL.AX>, Royal Dutch Shell
<RDSa.L> or Chevron <CVX.N>.
Many oil and gas firms are grappling with cost overruns and
production delays at facilities such as Chevron's Wheatstone
condensate and LNG plant or Shell's Prelude floating LNG unit.
Longer term, the rise of cheap natural gas and increasingly
competitively priced renewable power generation is expected to
eat away at coal's power market share.
"We see clear winners for the next 25 years - natural gas
but especially wind and solar - replacing the champion of the
previous 25 years, coal," the latest outlook from International
Energy Agency (IEA) says.
In the meantime, producers are benefiting from Beijing's
ongoing drive to remove dirty and inefficient mines, which is
keeping seaborne coal prices in a sweet spot.
"Around $80 is a really, really good price for Australian
mines," said Peter O'Connor, resources analyst for brokerage
Shaw and Partners in Sydney.
Read more: http://www.nasdaq.com/article/update-1as-coal-shortfall-looms-miners-enjoy-unexpected-boom-20170210-00066#ixzz4YHLSBZ9Q
Very interesting trade in recent days, volume dried up to under 100k day before yesterday, seemed like it bottom at .15, then yesterday over 800k traded bid being hit by sellers but bid kept on increasing, I have been adding to my position in the .15s and .16s too. Yesterdays volume tells me either someone knows something or the stock is ready for liftoff.
Lets see what happens today.
Sean Spicer: Coal will be one of the cleanest uses of technology that we have.
The White House Press Secretary told reporters that technology would ensure that clean coal production would be 'environmentally friendly’
Rachael Revesz New York @RachaelRevesz 2 hours ago12 comments
White House Press Secretary Sean Spicer said that the US would produce "clean coal" and that rolling back regulations from coal plants would be done in a way that was "environmentally friendly".
He told reporters that the Environmental Protection Agency, which will be led by Oklahoma attorney general Scott Pruitt who once sued the same agency, will liberate coal plants so that they can stay open and keep existing jobs.
When asked by a local news reporter in Virginia about residents’ concerns about the impact to the environment, he replied: "I think when you hear him talking about coal specifically, it’s under the guise of clean coal, and I think the technology we’re able to utilise these days make it one of the cleanest uses of technology that we have."
US EPA faces 'unprecedented assault' from within if Pruitt appointed
He added: "And the President’s point, is that as we bring back this industry is that we can do it in a way that is environmentally friendly and it becomes a great and greater energy source."
He pointed to figures from the Department of Energy that projected a 3 per cent increase in the production of coal which was a "big reduction" compared to the past. More than two thirds of US energy production is from fossil fuels.
He blamed regulations placed on coal plants by the EPA, which prevent them from "staying open".
The landscape is so positive at this time, imo its only a matter of time for CCTC to achieve step 2 and then step 3.
This is why I continue to accumulate.
DENNIS SHANAHAN
Political EditorCanberra
The Turnbull government has had a significant win for the future of investment in modern coal-fired power stations in Asia and Australian exports by getting the $100 billion Asian Infrastructure Investment Bank to drop its ban on financing coal-powered electricity generators.
As Malcolm Turnbull, Scott Morrison, Josh Frydenberg, Matt Canavan and Arthur Sinodinos spearhead a Coalition drive to secure reliable low-cost energy in Australia and protect coal and gas export earnings, the federal government has convinced the China-sponsored AIIB to curtail its “socially acceptable” policy of not lending money to build gas- or coal-fired power stations in Asia. The new guidelines open up the $100bn in infrastructure loans — of which Australia has pledged almost $5bn — to finance the latest clean coal-powered stations in developing Asian nations seeking to provide electricity to 500 million people.
Yesterday the Prime Minister and Treasurer said the Clean Energy Finance Corporation could also provide finance for coal-fired power generation if it reduced greenhouse gas emissions.
“A project that did involve coal that had the effect of reducing emissions would be or should be eligible for finance,” Mr Turnbull said. “Whether it had the appropriate private-sector backing is another matter.”
“Part of the problem we got into here is the way in which energy policy has been turned into an ideological battlefield.”
The government and the mining industry objected to the AIIB’s original guidelines that supported “socially acceptable” renewable power but shut out nuclear, coal and gas electricity generation, which are the backbone of Australia’s energy exports.
Treasury argued that in the interests of helping people throughout Asia without electricity, coal should have a significant role in power generation.
The new guidelines still state the AIIB, which describes itself as a “green bank”, wants to accelerate transition to low-carbon energy but allows for the financing of gas-fired power generation and “carbon-efficient and coal-fired power plants” if they replace less efficient power stations or in “low- income countries” with no alternative.
The Treasurer welcomed the change, which will provide options for poorer nations and help sustain Australian coal exports.
“Australia’s national interest demands that coal continue to be part of our future energy equation, not just here in Australia, but around the world,” Mr Morrison told The Australian.
“That is why following our strong representations, I am pleased that the AIIB has now put fossil-fuel generation investments back into mix for their energy sector strategy, which is now under discussion.
“This is an important and practical recognition by the AIIB of the role that fossil fuels will continue to play in the energy mix of most of its member countries and that investments can support and accelerate the transition toward a low-carbon energy mix using lower-carbon emissions from fossil fuels.
“But it’s even more important that the Australian government continues to ensure that we explore all the options here in our energy market and that we keep all the opportunities we have to drive the transition to maintain and build a competitive energy advantage into the future.”
Mr Morrison extended the Coalition’s attack on Labor, backing the Prime Minister’s defence of the future of coal to ensure cheaper and reliable energy for businesses and households.
“The Turnbull government understands that high electricity costs are eroding household budgets and hurting business balance sheets as they seek to remain competitive and give their employees greater job security, more hours and better wages,” he said.
“These impacts are felt most keenly in regional communities across Australia already struggling with the transition from the mining boom. Cutbacks in energy-intensive and electricity-reliant industries flows on to the local business and supply chain, causing further economic and financial hardship in those communities. Bill Shorten and Labor’s ‘ideology first’ pursuit of reckless renewable energy targets is designed to shut down Australian industry, put people out of work and cheer on the closure of power stations like Hazelwood, despite the devastating impact for local communities.”
The objectives of the AIIB — set up to lend to countries such as Indonesia, Pakistan, Myanmar, Vietnam, India, Laos, Cambodia, Bangladesh and Thailand for ports, rail, roads and electricity generation — are aimed at boosting economic growth and providing power to 500 million people.
The fledgling bank says setting principles to decide finance for energy projects is not easy because “green” energy “may not be economically justified, considering the assumptions traditionally used”. It also says project selection should be “technology neutral”.
When then treasurer Joe Hockey committed Australia to becoming a founding member of the AIIB in 2015 — against the wishes of the US — he cited growing exports as a prime reason. Australia committed $932 million in paid capital, with a pledge for $3.7bn on call after Tony Abbott and Mr Hockey decided to risk “choosing China over the US”.
Mr Hockey told parliament: “Membership of the bank will provide valuable trade and economic opportunities for Australia. Australian firms will benefit from improved infrastructure throughout the region, which will also help our commodity exporters. The bank will help build new and improved infrastructure, which in turn will drive increased demand for our commodities and for Australian services.”
At the time Australia and Japan were concerned US and EU influence on global development banks was preventing lending to developing Asian nations, who wanted to build nuclear or “clean-coal” power stations because of climate change considerations.
Wyoming Business Report - Feb 7, 2017 5pm
New coal enhancement company eyes Wyo.
Clean Coal Technologies Inc. (CCTI), having spent the last ten years developing a process that will make coal both economically and environmentally viable, wrapped up testing nine months ago and is wanting to quickly move to the next phase of development.
The process that finished testing in Oklahoma used Powder River Basin coal, which already has the lowest sulfur and ash content of domestic coals. But the BTU content is lower, in part because of the high amount of water contained in the coal.
According to the U.S. Energy Information Administration, PRB coal provides about 8,800 BTU per ton, while Central Appalachian coal provides 12,500 BTU. This is reflected in the price difference between PRB coal at about $11.80 per ton and Central Appalachian coal, which was selling for $50.05 per ton during the week of Feb. 3, 2017.
The process recently tested by CCTI can upgrade PRB coal to more than 12,000 BTU per ton while maintaining low sulfur and low ash properties. Coal processed like this would be a highly competitive export to India, China and Japan.
CCTI is looking at both Wyoming and Montana as the site for its next-level coal enhancement process. The move will happen quickly – within the next 90 days, according to company officials.
Wyoming has heard pitches like this one before, most recently from Colorado-based Evergreen Energy Inc., whose K-Fuel effort fizzled. The Wyoming Business Report asked CCTI’s Chief Executive Officer Robin Eves what CCTI offered that previous companies didn’t have.
“A lot of companies have tried and failed to build a successful, economically viable coal dehydration plant,” he said. “It’s a three-fold problem. Anyone can dry coal – you can put it in your oven. But the Holy Grail is stabilization after dehydration so that the coal does not reabsorb water or self-combust.” This, Eves said, has been the number one problem and CCTI has solved it. Removal of the water will also make shipping the coal much more efficient – since untreated PRB coal is 23.8 percent water.
In addition, the stabilization process produces coal that is coated and does not produce dust – which has been a major sticking point in getting coal shipments to pass through the Pacific Northwest.
The second ‘fold’ of the problem is being able to scale up the process. “You cannot scale up from a tiny experimental plant to a commercially viable million-ton plant. Every single one of those companies who tried to do it failed,” Eves said, adding, “Our commercial module produces 30 tons per hour. Our scale up is 15-to-one, max. Any engineer in the world will tell you, at that proportion, it’s very simple to scale up.”
The third ‘fold’ is an economic one. “All the other plants built a pilot plant first. Then, in order to go commercial, they had to spend $100 million to scale up. Ours, to get our first commercial module in place will cost $17 million. The plants are modular, and after the first one is installed, additional ones can be added and for them, the price drops steeply.”
CCTI has been in talks with the Wyoming Business Council and with the Department of Energy, whose new mandate Eves said is “jobs, jobs, jobs. They and we believe that this technology has the capability of bringing coal back onto the global map again.”
"we are now seeing a paradigm shift"
The future of clean coal and Europe’s new geopolitics of energy
By Samuel White | EurActiv.com 6:28am February 7, 2017
Climate change denialism may have swept the Trump Administration, but the fight against global warming and greenhouse gases remains at the top of the agenda for most other international organisations and governments, writes Nicolas Tenzer.
Nicolas Tenzer is chairman of the Paris-based Centre for Study and Research for Political Decision (CERAP).
Indeed, while the Trump government spent much of its first few days in office silencing renegade government Twitter accounts, the rest of the world’s leaders remained focused on the COP22 commitments agreed upon in Morocco just a few months ago.
Of course, it will take much more than public pledges for Europe to square the COP21/COP22 agendas with its complicated geopolitical and economic concerns. Across the continent, energy independence and security means freeing European customers from dependence on Russian gas supplies while also taking into account the fierce debates over nuclear energy and the need to power the fragile European economy, still reeling from recession. Europe’s overreliance on Russian gas is giving Moscow an extra lever of pressure for geostrategic purposes, but the quest for energy autonomy also confronts Europe with the same challenges faced by Asian giants such as China and India.
For the most part, this conversation has been dominated by the global drive to develop renewable energies and increase renewables’ share in the overall energy mix. However, that focus on renewable energy infrastructure has ignored one inescapable fact: for all the long-term promise of other energy sources, coal power remains an integral part of the energy mix. As the International Energy Agency explained in its recent World Energy Outlook, coal still accounts for 40% of global energy consumption and will still continue growing in terms of total consumption between now and 2040.
Many worry about what this means for greenhouse gases, air pollution, and fine-particle emissions. Those concerns, however, fail to take into account that the technological progress that has been made in the energy sector has also brought cleaner ways of burning coal. The question of coal emissions may finally have an answer that takes into account both climate targets and energy needs, and it couldn’t come at a better time: even in the heat of the renewables drive, every major economy that has attempted to limit coal-based power generation has run into the harsh realities of energy demand.
The main issue when it comes to “clean coal” centres on how to simultaneously remove sulphur dioxide and nitrogen oxides from coal emissions while also preventing CO2 release into the atmosphere. The key steps in solving this conundrum began in the 1970s with the advent of carbon capture and storage (CCS) technologies, although the idea of capturing carbon dioxide emissions and forcing them back into the ground has had a hard time convincing clean air campaigners. More importantly, it has also been difficult for energy producers to justify the expense of trapping emissions only to dispose of them.
Fortunately, we are now seeing a paradigm shift from CCS to carbon capture and utilisation (CCU) which is notching up successes in turning those emissions into useful products instead of depositing them underground. There is also the process known as Integrated Gasification Combined Cycle (IGCC), which could be less energy-intensive and offer a more complete separation of CO2. By concentrating the carbon dioxide at high pressure in a synthetic gas, the IGCC process makes carbon capture even easier.
The main challenge is now to develop these more advanced types of coal-fired plants (whether of the CCU or IGCC variety) widely and at any acceptable cost. The IPCC (Intergovernmental Panel on Climate Change) has already made clear that these technologies – CCS as a first step for existing coal plants that do not comply with this requirement and IGCC and CCU as soon as possible afterwards) – represent the only realistic way of meeting the goals laid out by the COP22. This is why the European Union is funding and supporting R&D for clean coal and CCS technologies, and an agreement reached by the OECD countries in November 2015 on ending government support for coal power plants specifically exempts these most advanced technologies, which can also be referred to as “ultra-supercritical”.
Making these emissions-mitigating technologies affordable is especially important for the European Union’s newer eastern members (especially Poland, Czech Republic, and Romania), where a premature turn away from coal would not only be a major obstacle to growth but also be a step taken without alternative energy sources available. Poland feels most strongly about its still-thriving coal industry in large part because the only alternative would be an even deeper reliance on Russian oil and gas supplies; as things stand now, the country is already due for an 8-gigawatt shortfall by 2020.
Europe can look abroad for lessons on how to move forward. In India, this technology is already making strides on a local level: a few weeks ago, an industrial plant in Tamil Nadu started using a chemical recently developed by young chemists (with funding from the British government) to strip CO2 emissions by binding them with salt and converting them into valuable soda ash. In Canada, the Boundary Dam project in Saskatchewan is proceeding at a broader scale. China, of course, may be the gold standard: as more than a few experts have noted, “the coal reality has also encouraged the authorities to seek solutions in carbon capture, utilisation and storage (CCUS) technologies… as a result of pro-active policies, China has one of the biggest numbers of CCUS pilot projects in the world”.
With the United States set to buck its COP21 commitments, Europe is once again the most forceful and credible global voice for climate action. However European governments decide to proceed, the clock is ticking for them to use every avenue to find the most cost effective way of reducing emissions while keeping the lights on. They could do worse than look East, where the benefits of CCU in tackling emissions and providing reliable, cheap base load power have been more readily realised.
“It’s a coal renaissance. All these guys were dying on the vine”
US coal miner Ramaco Resources’ (US:METC) initial public offering last week could be the start of the biggest wave of coal IPOs in 20 years, according to the Wall Street Journal.
Coal miner Blackhawk Mining is tipped to join the IPO rush
There had never been more than four coal IPOs a year since 1995 but at least half a dozen coal firms were now preparing or exploring US IPOs, the paper said.
US president Donald Trump’s support for the coal sector, limited production in China, mine closures in Australia and US production cutbacks have contributed to the rally in coal prices.
US-based coal companies’ ability to tap into both equity and debt markets is a major turnaround from 2016.
Peabody Energy Corp, which is making its way through chapter 11, and Blackhawk Mining LLC, a privately held coal miner, tapped the high-yield loan and bond markets last week aiming to raise more than US$2 billion in total debt, MarketWatch reported.
“It’s a coal renaissance. All these guys were dying on the vine,” Foxhill Capital Partners (a hedge fund that focuses on distressed-debt investments) founder Neil Weiner told MarketWatch.
Ramaco Resources stocks opened above US$14 in its first day of trade on Friday before closing 5c higher than its issue price at US$13.55.
Blackhawk, Warrier Met Coal, Contura Energy Inc, Coronado Coal and Paringa Resources (AU:PNL) were other coal companies considering a US IPO, the WSJ reported.
Coal chiefs back PM on cleaner electricity
Glencore coal boss Peter Freyberg says low-emissions coal technology can play a role in electricity generation.
The Australian12:00AM February 6, 2017
Coalmining chief executives have swung behind Malcolm Turnbull’s plan for cleaner coal electricity generation, declaring it time for “rational conversation” about securing affordable, reliable power.
As Labor dismisses the idea of relying on coal to power new electricity, sharpening its divide with the Coalition on this issue, Peabody Energy Australia president Charles Meintjes said the Prime Minister’s position reflects “the realities of the situation”.
Mr Turnbull used a speech to the National Press Club last week to argue that, as the world’s largest coal exporter, Australia had a vested interest in showing it could use “clean” coal-fired technology and that energy policy should be “technology agnostic”.
Mr Meintjes said this view “should be welcomed by all reasonable people concerned about reducing emissions, providing low-cost energy access, encouraging investments in a wide range of industries, and increasing jobs in Australia”.
“The rest of the world is acknowledging that future electricity supply will need to come from a balanced mix of sources ... If we are to maintain a stable, secure and affordable electricity supply while still meeting emissions-reduction targets, efficient coal technologies have to play a part in the near term with carbon capture over time,” he said.
Centennial Coal boss David Moult said there was “finally a rational conversation about how we as a nation can realistically secure affordable and reliable electricity’’, while the head of Glencore’s global coal assets, Peter Freyberg, said low-emissions coal technology could play a role.
“We need to stop trying to pick winners and start using all the available technologies in our toolbox of energy options to ensure the best outcome for the consumer and the nation,” Mr Moult said.
The comments come as Labor’s climate change and energy spokesman, Mark Butler, dismissed the Coalition’s push, arguing that a lack of support from the energy and financial industries makes it unviable and that the other key problem with coal was carbon pollution.
Asked whether Labor would completely rule out any further investment in coal, Mr Butler dodged the question, saying gas had an important role.
“The Energy Council, which is the body that represents the large thermal generators — so the coal and gas-fired generators — said this week that really the future build for Australian electricity will be a mix of renewables, storage and gas, and with that I think we broadly agree,” he told Sky News.
Major energy companies AGL Energy and Origin have said they will not build any cleaner-coal power stations, which casts doubt on the government’s pitch.
Asked yesterday why investors didn’t appear to be interested in cleaner coal, Environment and Energy Minister Josh Frydenberg told Sky News there had been an overcapacity of energy supply since about 2008-09 and the only new generation built in that time had renewable sources, because they had been subsidised through the renewable energy target.
“What we are saying is that we want to enter into discussions with industry and also with state governments to look at how we can maybe deploy some of these new coal-fired power stations here in Australia, and some of my colleagues have talked about the Clean Energy Finance Corporation and the Northern Australia Infrastructure Fund as being prospective as to possible routes to share some of that funding burden,” he said.
Whitehaven Coal chief Paul Flynn said the reality was that “high-efficiency, low-emission”, coal-fired electricity plants were an “off-the-shelf technology”, with North Asia having led the way.
“It is up to the government and the parliament to create the policy framework and thereby, the investment environment for us to follow suit,’’ Mr Flynn said.
I spoke about the potential for government grants and incentives last week. Australia is now on board, lets see if Trump does the same.
Before I purchased the stock ran from .10 to $1.10 under Obama and a negative coal market in 2015. The $1.10 mark was hit because of positive tests regarding their technology, so they have a tested technology. The obvious is it came down again because management could not execute at that time and all in 2016 in the same negative restricted heavily regulated coal market. This is why I stayed away, the underlying sentiment was still very negative under Obama.
But now, imo things have changed. If it ran to $1.10 then, what is the potential now.
I also like the 100 day moving average of the stock at .16 this is why I am buying in this range. I have placed my bet.
Lets see what happens...
100 day @ .16
Your on the bearish side and I am on the bullish. Lets see where we go from here.
I truly believe we are at the start line here.
http://www.abc.net.au/news/2017-02-02/wait,-what-is-clean-coal/8235234
Indeed, a perfect storm both on the political and economic side.
"The economics of the global coal industry are providing a perfect storm for our technology," added CCTI COO, Mr. Aiden Neary.
Republicans loosen US mining laws
Capitol Hill Republicans have moved quickly to quash environmental regulations for coal mines brought in by the Obama administration in its last weeks.
The stream protection rule aimed to stop debris from surface mining ending up in rivers and mandated rehabilitation planning for all new mines.
The repeal of both passed in the house and senate this week.
The New York Times quoted Ohio congressman Bill Johnson, who opposed the stricter rules.
"Make no mistake about it, this Obama administration rule is not designed to protect streams,” he said. “Instead, it was an effort to regulate the coal mining industry right out of business.”
The move follows president Donald Trump’s promise of a revitalised coal industry, despite market forces doing much more to shut down mines than stricter government regulation.
The stream rule also included requirements for miners and oversight agencies to keep up with technology advances
A bipartisan report said the new rules would have made drinking water cleaner in coal-heavy areas, at a cost to the coal industry as a whole of US$52 million a year.
Additionally, already struggling Appalachia would have lost 590 coal jobs from the rules, the report said.
Resources Minister Matt Canavan opens $5 billion infrastructure fund for clean-coal power stations. Why now? :)
Let me add my analysis to the below 2 statements.
The plant soon will move to Wyoming under a project in coordination with the U.S. Department of Energy and the states of Wyoming and Montana.
New York-based Clean Coal Technologies Inc. is preparing to begin a larger project in Wyoming.
1. The US dept of Energy must see opportunity in CCTC, they have better things to do if not.
2. The states of Wyoming and Montana, same, whats in it for them if there was no opportunity here.
3. Why would CCTC make a move to a larger project? Why not stay where they are if were a waste.
4. Who is funding this move.
5. The move is positive for CCTC, larger project with the above 3 parties in it, why.
6. What are the potential partners and others saying about this development.
Bottomline is.......The US dept of Energy, the states of Wyoming and Montana have better things to do if nothing is in it for them, this action of being in there with CCTC can only mean positive.
We have the technology that they see opportunity to help their interests, that is why they are investing their time and maybe money, thats my opinion.
I am holding over 1 million shares and counting, I see the opportunity too and the above action reiterates my belief that their are better days ahead for CCTC. I try and predict stocks with tremendous opportunity based on outside developments that change the landscape, indeed those were squashed under Obama. I dont wait for things to happen and then invest, its too late then. I understand there is risk but I think the reward is far greater than the risk as I see it today, lets see how things go here in 2017.
GLTA
Opportunity for CCTC is here and now! US and Australia seeing a wave of change for coal and hearing clean coal power like never before! Lets see what happens, time sure is ripe!
Malcolm Turnbull’s plan for clean coal power
Malcolm Turnbull in Canberra yesterday: ‘We have a vested interest in showing that we can provide both lower emissions and reliable baseload power’.
SIMON BENSON The Australian12:00AM February 2, 2017
The Turnbull government is planning to help fund the construction of new clean-coal-fired power stations in an extraordinary measure to intervene in the looming energy security and pricing crisis.
In a move to address the premature closures of state power plants, the federal government will look to either repurpose plants or directly invest in the construction of new-generation coal-fired plants in partnership with the private sector. A senior government source confirmed Malcolm Turnbull had asked late last year for options to fund “ultra-super-critical power plants” to provide clean-coal alternatives and lower fuel costs, which would not only alleviate price pressure for consumers and business but arrest the decline in Australia’s competitive advantage in manufacturing.
In a direct challenge to the Labor states, and drawing the political battlelines with Bill Shorten, the Prime Minister yesterday blamed “huge” renewable energy targets set by Labor governments for pushing power prices to the highest of any OECD country.
In his first national address of the year, Mr Turnbull accused Labor yesterday of a “mindless rush” to renewables, and hinted that the government would intervene to protect prices and security of supply with a path to state-of-the-art coal-fired technology.
The Australian has confirmed that Mr Turnbull and senior ministers, including Energy Minister Josh Frydenberg, have been in discussions since December on what exceptional measures the commonwealth could take to subsidise new coal-fired generation, as well as provide incentives to the states to lift the moratorium on new gas development, which is also having a crippling impact on reliability and prices.
“States are setting huge renewable targets, far beyond that of the national RET, with no consideration given to the baseload power and storage needed for stability,” Mr Turnbull said in a speech to the National Press Club in Canberra yesterday. “We will need more synchronous baseload power and, as the world’s largest coal exporter, we have a vested interest in showing that we can provide both lower emissions and reliable baseload power with state-of-the-art clean-coal-fired technology.”
“You’d think if anyone had a vested interest in showing that you could do really smart, clean things with coal it would be us, wouldn’t you? Who has a bigger interest than us? We are the biggest exporter. Yet we don’t have one power station that meets those requirements,” he said.
“This has got to be all about Australian families and Australian businesses, making sure that they can keep the lights on and, when they’re on, they can afford to pay the bill.
“And, yes, of course, we meet our emissions reduction targets.
“Nothing will more rapidly de-industrialise Australia and deter investment more than more and more expensive, let alone less reliable, energy.
“Australia is the world’s largest exporter of coal, has invested $590 million since 2009 in clean-coal technology research and demonstration, and yet we do not have one modern high-efficiency, low emissions coal-fired power station, let alone one with CCS?”
Industry Minister Arthur Sinodinos yesterday flagged the possibility of the $10 billion Clean Energy Finance Corporation being used to fund technology-neutral power sources, but would not reveal what the government might do.
“The whole issue is being looked at because we need now a systemic approach,’’ Senator Sinodinos told Sky News. “And Malcolm Turnbull I think is a good Prime Minister to do that.’’
Another government source close to the discussions said “it is very early days” but sites being raised as possibilities for new coal-fired power plants included in Queensland, the Hazelwood plant in Victoria, which is due to be mothballed next month, and the gas-fired plant site at Pelican Point in South Australia.
Scott Morrison, who recently led a push for the Asian Infrastructure Investment Bank to include coal power as an option in the region as it transitions to higher levels of renewable energy, confirmed that new coal would be part of the government’s energy policy mix. “Coal is part of our energy future, coal is part of our security and energy security and affordability, and we will have more to say as time goes on but the Prime Minister made it very clear today that you cannot be technology dependent or biased in any way in this area nor can you be, frankly, resource dependent on these things,” the Treasurer said.
“It is about energy affordability, security and sustainability. That is what households, families need, it is what businesses need. And coal is part of that. We need to have an energy future that is inclusive of what has been one of our greatest energy advantages for 100 years.”
The Opposition Leader on Tuesday claimed his 50 per cent renewable energy target would create “real jobs ... for blue-collar workers, jobs for engineers, jobs for designers’’.
Labor’s energy spokesman, Mark Butler, yesterday blamed the government for pushing up power prices because of uncertainty in the electricity market.
“Instead of addressing the investment uncertainty facing the energy sector with sensible national policy that would reduce the cost of electricity, improve reliability and cut pollution, the Prime Minister is actively causing prices to rise, security to suffer and pollution to grow,” he said.
But Mr Frydenberg said Labor had presided over a 100 per cent increase in power prices.
“Their record in government was a disaster,” the minister said. “Bill Shorten’s 50 per cent renewable energy target would require 10,000 wind turbines to be built between now and 2030.”
Latrobe City Council Mayor Kellie O’Callaghan welcomed Mr Turnbull’s statement, saying a clean-coal policy could mean a new power station to replace Hazelwood was back on the table.
Thats a very valid point you have there JMD and its for those concerns of nothing and the fact that Obama did not favour coal, that I did not invest in CCTC in 2016. The dept of Energy is now in as I predicted the attitude has changed and will result in the support of CCTC.
If they had nothing of offer, the Dept of Energy and the 2 states would not waste their time.
Read my post from last week on the why I bought if you want.
Lets see how things go from here.
Coal company to move efforts from Oklahoma to Wyoming
Adam Wilmoth by Adam Wilmoth Published: January 31, 2017 12:00 AM CDT
Coal exits Clean Coal Technologies Inc.'s test stabilizer at the AES Shady Point coal-fired power plant near Tulsa. After successful tests, the company plans to move the facility to Wyoming for further studies.
A year after completing a successful test in Oklahoma, New York-based Clean Coal Technologies Inc. is preparing to begin a larger project in Wyoming.
The project at the AES Shady Point coal-fired power plant near Tulsa was designed to prove the company's ability to remove moisture and impurities from coal. The tests were conducted in December 2015.
The plant soon will move to Wyoming under a project in coordination with the U.S. Department of Energy and the states of Wyoming and Montana.
"We have third-party validation that we can dry, clean and stabilize coal," CEO Robin Eves said in an interview with The Oklahoman this week. "We have two or three more tests we have to do for investors coming in from Australia, Indonesia and India. We're going to complete those in the next 60 to 90 days."
Coal-fired power plants emit relatively large amounts of pollution, including carbon dioxide, sulfur oxides and nitrogen oxides. The widely used answer for the pollution is for power plants to install scrubbers — filters designed to capture some of the more damaging pollutants and reduce the emissions from the plant.
Clean Coal Technologies, however, is focused on cleaning the coal at the mine, before it is transported and burned. The process is designed to reduce the amount of coal needed and the pollutants generated from producing the same amount of heat, the company said.
"I came out of the oil industry, where the philosophy is not to burn raw crude oil, but to refine it first," Eves said. "But with the coal industry, all the technology out there has been post combustion. They burn the coal, and then they try to clean it up through scrubbers. Instead, we try to stabilize it before they burn the coal. That way, you put a more efficient coal into the power stations around the world."
Placing the technology at the mine also can save money and transportation costs, he said.
"With these high moisture cuts, you're transporting 30 to 50 percent water," Eves said.
Timing has been a challenge for the company.
"This is technology with a fact and validation. The problem was it was validated when coal was persona non grata, certainly in the U.S.," Eves said. "All of our investment dollars have come from India, Indonesia and Australia."
U.S. coal-fired power generation has fallen in recent years as costs have dipped for natural gas, wind and solar electricity. Environmental regulations under the Obama Administration accelerated coal's decline throughout the country.
Available coal-fired capacity fell by about 47.2 gigawatts between the end of 2011 and the end of 2016, the U.S. Energy Information Administration said Monday.
More than 11 gigawatts of natural gas-fired power generation is expected to be added nationwide this year, marking the largest gain since 2005, the EIA said in Monday's report. Another more than 25 megawatts are scheduled online in 2018.
"The electric industry has been retiring some coal-fired generation and converting others to run on natural gas in response to the implementation of environmental regulations and to the sustained low cost of natural gas," the report stated.
Climbing natural gas prices, however, could threaten the trend, EIA stated.
"Rising natural gas prices could lead developers to postpone or cancel some of the upcoming power plant additions," the report stated.
Clean Coal Technologies executives also are hoping for a more favorable reception in Washington over the next few years.
"The new White House is promoting fossil fuels," Eves said. "Everyone understands the solution to the longevity of coal is technology. All of this is proven, and it was proved in Oklahoma."
That's your opinion, I have mine. Lets see who's right and who's wrong. Time will tell.
As I said a whole different ballgame, its not the $2 million but the fact that the attitude towards coal has changed. I spoke about potential incentives and grants a few days ago, imo only a matter of time until they offer incentives and grants to help build the industry, maybe one day we will see news that the grants will be offered to clean coal tech companies and start ups so to help revive the industry keeping environmentalists at bay. Lets see what happens.
Feds offer $2 million grant for Wyoming coal worker training
By - Associated Press - Friday, January 27, 2017
CASPER, Wyo. (AP) - More than 100 coal miners who have been laid off in Wyoming may be eligible to receive federal grant money for retraining.
The Casper Star-Tribune reported (http://bit.ly/2jvoZw6 ) Thursday that the U.S. Department of Labor recently approved up to $2 million for retraining Wyoming workers in seven counties.
State Department of Workforce Services spokeswoman Hayley McKee says the federal funds are intended to help around 140 laid off coal workers who have failed to secure new employment or are underemployed.
She says each worker will be eligible for around $6,500 to be used on classes, certifications and training to increase workers’ skill sets.
The workforce services department applied for the federal grant last May, months after nearly 500 coal miners in Wyoming lost their jobs in a single day.
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Lets see what happens and if or how it effects CCTC. You have to agree the landscape has changed on many fronts, this is why I will continue to buy. Pick your side short or long, up to you.