We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Altona | LSE:ANR | London | Ordinary Share | GB00BFZNKV91 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 16.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMANR
RNS Number : 4535K
Altona Energy PLC
14 December 2018
Altona Energy plc
("Altona" or the "Company")
Pyrolysis Update
Further to the announcement of 29 November 2018, Altona (AIM: ANR) is pleased to provide an update on discussions with another holder of South Australian coal assets who is interested in applying pyrolysis technology to their project.
Altona has an exclusive licence granted by Leinad Ltd ("Leinad") to use its Pyrolysis technology in Australia and the People's Republic of China. Altona will be entitled to retain 95% of any revenues generated using this licence, the remaining 5% passing to Leinad (as announced on 28 August 2018).
Further discussions have taken place and the holder of the coal assets is very interested to progress this opportunity and has invited Nicholas Lyth, CEO of Altona, to Australia in early January. The purpose of these discussions is to identify the most advantageous way to utilise the pyrolysis technology with their coal asset to generate electricity for South Australia and to produce a framework of how a Joint Venture would work between the two companies.
Altona will also develop a plan for the potential sale of part of its coal assets in combination with the same pyrolysis technology.
Nicholas Lyth, CEO of the Company, said: "The economics of power generation using pyrolysis technology in an area of significant shortfalls in electricity generation are appealing. South Australia has closed its conventional coal to electricity generation capacity so it is expected that the state government would be receptive to any future proposal to convert Altona's large coal assets into electricity in a way that meets the appropriate emissions regulations."
-ends-
Enquiries
Altona Energy plc +44 7769 906 Nicholas Lyth, Chief Executive Officer 686 Northland Capital Partners Ltd (Nomad and Broker) Matthew Johnson / Gerry Beaney / Jamie Spotswood (Corporate Finance) +44 20 3861 Abigail Wayne (Corporate Broking) 6625
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
STRFFSFWDFASEEE
(END) Dow Jones Newswires
December 14, 2018 02:00 ET (07:00 GMT)
1 Year Altona Energy Chart |
1 Month Altona Energy Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions