CO2 and coal-how can it miss?
......The Fox Creek coal resource is the cornerstone of the company's planned Fox Creek polygeneration facility, which is anticipated to produce sulphur-free diesel, naphtha, power, carbon dioxide and various chemicals, and is expected to be operational between 2013 and 2015. The planned polygeneration facility intends to capture the carbon dioxide and sell it to nearby oil fields for use in their enhanced oil field recovery projects. The coal mining costs and reserve information are consistent with the economic modelling done by the company to date. The Fox Creek polygeneration facility has commenced its regulatory process preparation and core hole drilling program to provide data for detailed engineering design, with the anticipation of filing its preliminary disclosure document in 2008. The regulatory process, in conjunction with detailed engineering, is expected to take approximately three to four years followed by an approximately two- to three-year construction period. The company will be soliciting input from potential strategic partners over the next 12 months to further determine the optimal project parameters, including the anticipated production output and project structure.........
