White Energy Enters into a U.S. Development Agreement with NRG and Buckskin Mining Company

  
    
  
  
    
      White Energy Company Limited, a Sydney-based company which is actively 
      commercializing its patented coal upgrading technology worldwide (ASX: 
      WEC), today announced it has entered into a Development Agreement in 
      North America with NRG Power Marketing, LLC (wholly owned subsidiary of 
      NRG Energy Inc.) and Buckskin Mining Company (indirect wholly owned 
      subsidiary of Kiewit Corporation).
    
    
      The first phase of the Development Agreement is to complete a detailed 
      feasibility study (funded equally by the parties) to evaluate the 
      economic, technical and logistical viability of constructing a plant 
      that is capable of producing at least one million tons of binderless 
      coal briquettes at the Buckskin mine in Gillette, Wyoming, USA. Pilot 
      plant tests conducted to date have concluded that Buckskin’s 
      mine produces a sub-bituminous coal that is ideal for upgrading with the 
      White Energy process.
    
    
      John Atkinson, Managing Director of White Energy Company, said, “Signing 
      this Development Agreement marks a major step forward in the execution 
      of our US market strategy. This significant development follows the 
      recent appointment of Judy Tanselle to the position of President of our 
      North American operations.”
    
    
      Judy Tanselle added, “We are pleased to have 
      achieved the first milestone in White Energy’s 
      North American business strategy. The Development Agreement between NRG, 
      Buckskin and White Energy provides the opportunity for our Company to 
      demonstrate and prove the value of the White Coal Technology in North 
      America. The sub-bituminous coal produced in the Powder River Basin is 
      an ideal feedstock for this process. We will be able to enhance the coal 
      quality to significantly increase its energy efficiency offering a low 
      sulfur, low ash and dust free alternative to bituminous coal.”
    
    
      Mike Nimmo, Vice President of Buckskin Mining Company, stated, “We 
      are pleased to be working with White Energy and NRG on this project. The 
      potential benefits of the White Coal Technology are significant in the 
      Powder River Basin.”
    
    
      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 North America.
    
    
      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.
    
    
      About NRG Power Marketing, LLC
    
    
      NRG Power Marketing, LLC is a wholly owned subsidiary of NRG Energy, 
      Inc, a Fortune 500 company, which owns and operates a diverse portfolio 
      of power-generating facilities, primarily in Texas and the Northeast, 
      South Central and West regions of the United States and also in 
      Australia, Germany and Brazil. NRG’s global 
      portfolio of projects totals approximately 25,000 net MW. NRG is a 
      member of USCAP, a diverse group of business and environmental 
      organizations calling for mandatory legislation to achieve significant 
      reductions of greenhouse gas emissions. NRG is also a founding member of 
      "3C--Combat Climate Change," a global initiative with 42 business 
      leaders calling on the global business community to take a leadership 
      role in designing the road map to a low carbon society. More information 
      on NRG is available at www.nrgenergy.com.
    
    
      About Buckskin Mining Company
    
    
      Buckskin Mining Company is an indirect wholly owned subsidiary of Kiewit 
      Corporation. Kiewit is one of North America’s 
      largest and most respected construction and engineering organizations. 
      Headquartered in Omaha, Nebraska, Kiewit offers construction and 
      engineering services in a variety of sectors including mining, 
      transportation, buildings, water and power, underground facilities, 
      telecommunications, industrial, oil and gas facilities and offshore 
      facilities.
    
    
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