White Energy (ASX:WEC)
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From Jan 2020 to Jan 2025
White Energy Company Limited, a Sydney-based company which is in the
business of commercializing its patented coal upgrading technology
worldwide (ASX:WEC), today announced it has appointed Judith A. Tanselle
as the President of its North American operations.
The appointment occurs as White Energy looks to ramp-up its North
American presence, and capitalize on the opportunities available working
with American coal producers in the Powder River Basin, to produce a
cleaner, more energy efficient coal product from their vast
sub-bituminous coal reserves.
Tanselle, age 53, joins White Energy Company from JM Energy Advisors,
LLC, where she was principal of an energy consulting company
specializing in advising US based power companies and others involved in
the competitive energy industry on risk management, portfolio
optimization, project development and environmental strategy.
Immediately prior to her time with JM Energy, Tanselle was an Executive
Director of New Jersey’s NRG Energy where she
was responsible for managing their coal and emissions procurement and
trading activities. She has also held the positions of Managing Director
of Coal and Oil Trading for PG&E National Energy Group in Maryland, Vice
President of Coal and Emissions Marketing for Missouri-based Aquila
Energy, and Manager of Coal Trading at LG&E Energy Marketing in
Louisville, Kentucky.
She currently serves on the Board of Directors for the Coal Trading
Association (CTA), is a past member of the NYMEX Coal Advisory Committee
and a past President and Director of the Lexington Coal Exchange.
John Atkinson, Managing Director of White Energy Company, said, “The
appointment of such a senior figure in the American coal industry sends
a clear signal of our intent in the US market, particularly the Powder
River Basin.
“Judy has been working closely with us in a
consulting capacity for a number of months and has contributed towards
the development of White Energy’s North
American market entry strategy. This process has clearly demonstrated
there is a need to have someone leading in the US, helping drive our
business dealings with the sub-bituminous coal producers and power
companies alike.
Tanselle stated, “White Energy is at a pivotal
stage in its development, and the Group is starting to gain real
traction with the US coal producers and power companies who are coming
to grips with the value of its Briquetting Technology that upgrades
lower grade coals such as those in the Powder River Basin into higher
energy briquettes with properties similar to that of higher value
bituminous coals.
“For national energy security and
environmental reasons, the US is increasing its dependence on
sub-bituminous coals out of the Powder River Basin. When these coals are
upgraded using White Energy’s unique process,
the result is a coal that can be transported and converted to
electricity much more efficiently creating value for the coal producer,
railroad, utility and ultimate electricity consumer. Also, since the
White Energy process creates a dust free briquette, this process may be
the solution to the environmental challenge of coal dust that the US
coal and rail industries have been searching for.”
“White Energy’s
entry into the North American market is a significant step for the
Company but it is also very important for the US coal and energy
industries. I see White Energy as having enormous opportunities in North
America and am very excited to be joining them to accelerate the
deployment of the White Energy process in this region.”
About White Energy Company Limited
White Energy Company Limited is a public company listed on the
Australian Stock Exchange under the ticker symbol WEC. White Energy is
the exclusive worldwide license holder of the Binderless Coal
Briquetting process that upgrades relatively poor high moisture coals
and significantly increases their energy efficiency. White Energy is in
the process of commercializing its technology and is currently
constructing a major commercial plant in Indonesia. In addition to its
Indonesian focus, it is actively pursuing opportunities to deploy its
technology across various markets including China, India, South Africa
and the USA.
White Energy has a technology that represents a first step in building a
cleaner coal solution. White Energy has an evolutionary process that
speeds the maturation of lower grade coals. White Energy is committed to
delivering cleaner coal technologies with a view to ultimately achieving
zero emission targets. Its White Coal process has been shown to be cost
and operationally superior to competing technologies. The process was
developed by Australia’s Commonwealth
Scientific Research organization in conjunction with TraDet Inc, K.R.
Komarek Inc and The Griffin Coal Mining Company Pty Ltd.
This press release contains forward-looking statements that are
subject to risks and uncertainties. These forward-looking statements
include information about possible or assumed future results of our
business, financial condition, liquidity, results of operations, plans
and objectives. In some cases, you may identify forward-looking
statements by words such as "may," "should," "plan," "intend,"
"potential," "continue," "believe," "expect," "predict," "anticipate"
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These statements are only predictions. One should not place undue
reliance on these forward-looking statements. The forward-looking
statements are qualified by their terms and/or important factors, many
of which are outside the Company's control, involve a number of risks,
uncertainties and other factors that could cause actual results and
events to differ materially from the statements made. The
forward-looking statements are based on the Company's beliefs,
assumptions and expectations of our future performance, taking into
account information currently available to the Company. These beliefs,
assumptions and expectations can change as a result of many possible
events or factors, including those events and factors described in "Risk
Factors" in the prospectus, not all of which are known to the Company.
Neither the Company nor any other person assumes responsibility for the
accuracy or completeness of these statements. The Company will update
the information in this press release only to the extent required under
applicable securities laws. If a change occurs, the Company's business,
financial condition, liquidity and results of operations may vary
materially from those expressed in the aforementioned forward-looking
statements.