KAL Energy Inc. (OTCBB: KALG) Stock Guru Profile
KAL Energy’s coal mining operation will be coming on line just as a new technology for carbon capturing is in its infancy. This new technology to reduce Co2 emissions from coal will be desperately needed in China, where 600 coal fired electricity stations are anticipated to be built in the next two decades.
KAL Energy is already in discussions with end customers and strategic coal traders for their specific coal product. The current plan is to produce and ship 200k tonnes to these customers in the 2nd half 2007, and to scale production to 5 Mt/yr within 4 years, and long-term production rate of 15 Mt/yr.
Don’t count coal out yet. There is new technology on the horizon which would capture the Co2 emissions from coal. This technology is known as carbon storage and capture. Environmentally-friendly carbon storage and capture has companies reviewing the use of coal as a power generator, courtesy of clean coal technology.
Five or six companies are lining up to build new coal-fired power plants based on environmentally-friendly carbon storage and capture – the new buzzwords in electricity generating technology. Most will depend heavily on imported coal – foreign supplies account for more than two-thirds of the market.
Carbon capture and storage has the enticing prospect of reducing CO2 emissions from fossil fuel power plants by up to 90pc. This technology has the potential to create a plant that takes the carbon out of fossil fuel without polluting the atmosphere and then stores the waste onshore and offshore.
The Royal Bank of Scotland has revealed plans to fund a major study into the possibility of using redundant Scottish coal mines for carbon capture. They intend to co-fund a GBP 300,000 study to assess the feasibility of storing in coal beds.
The study has been commissioned by Composite Energy, a new Scottish company that is developing coal-bed methane production in the UK. The two-year study will focus on the potential of enhancing methane recovery through storing in coal.
Other storage projects store the gas in an underground void, this project will evaluate the ability of to chemically bond to coal, which can typically absorb five times more than the methane it releases, indicating that this may be a very real solution for reducing greenhouse gases.
Germany is launching a competition to build the world’s first power station to use full-scale carbon capture and storage – known as CCS – a way of minimizing the emissions of carbon dioxide, from fossil fuel burning, that are helping to cause climate change.
The technology involves trapping waste CO2 from power stations, liquefying it for transport and then pumping it into depleted North Sea oil and gas fields, deep in the seabed, where it would remain out of contact with the atmosphere. It is thought this could reduce carbon emissions from a given plant by up to 90 per cent.
Various bits of the technology have been tried and proven – the Norwegian company Statoil has successfully stored CO2 under the North Sea – but so far, no one has built an integrated plant which produces electricity, captures its emissions, transports them to a storage site and successfully sequesters them under the seabed. The competition is to build such a working plant, and the winner (or winners), to be announced next year, would be able to count on considerable government funding assistance.
Rapid deployment of carbon capture and storage technology in growth economies such as China and India will be vital. going to rubbish dumps, and the aggregates levy, which is paid on sand, gravel and crushed rock.
Carbon Capture and Storage
Carbon Capture and Storage has the potential to be a solution to a phenomenon that will give climate change an enormous boost – the economic explosion in developing countries, led by China, powered by electricity produced in coal-fired plants. Over the next two decades China will build 600 coal-fired power stations, and by then it will have become the world’s biggest greenhouse gas emitter. The Chinese are going to build these plants; only by fitting carbon capture and emission technology to them could their emissions be mitigated. One senior British politician said recently: “If China does not take up carbon capture and emission, we are all done for.”
Source: KAL Energy
Contact Info
KAL Energy, Inc.
93-95 Gloucester Place
London, W1U 6JQ
United Kingdom
Phone: +44 20 7487 8426
Fax: +44 20 7691 9725 (direct)
Email:
a.caminschi@mininghouse.com
KAL Energy Inc. (OTCBB: KALG), through its wholly owned subsidiary Thatcher Mining Pte., has the rights to two coal concessions situated near the Mahakam River in North Eastern Kalimantan, Indonesia. This river is a main transportation system for transporting coal to nearby markets. Consulting Geologist, Jonathan O’Dell, has estimated that blocks 16 & 24 could contain over 192,000,000 tons of thermal coal. Today Indonesia is the leading exporter of thermal coal and export prices vary from $30.00 to $60.00 plus per ton. This region has been an active coal exporter since the 1990s, and in 2004 Indonesia passed Australia as the largest exporter of thermal coal. Governmental signing was achieved on Sep. 14th, 2006. Title & Ownership structure has been extensively reviewed by HHP, the in-country affiliate of Baker & McKenzie International.
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