Coal-to-Liquids (CTL)

 


Alter NRG has initiated an international process to market its world class coal asset located in Fox Creek, Alberta, Canada.

 

Alter NRG owns one of the largest contiguous deposits of surface mineable coal available in Western Canada and is pleased to be marketing it for any or all of the following:

  • An outright asset sale
  • Development plans with a royalty
  • Carried interest agreements


To learn more about the Fox Creek Resource, please view our information memorandum:

 

Fox Creek Information Circular

 

The World Coal Institute's "Coal: Liquid Fuels" elaborates on the ability of coal to address today's energy demands.

 

Fox Creek MapAlter NRG has identified and analyzed the following value creation opportunities for the Fox Creek Coal Asset:

  1. Coal to Urea

    Utilizing proven third party technologies to convert syngas to hydrogen which reacts with nitrogen to form ammonia. This is followed by reacting the ammonia with carbon dioxide to produce urea.

  2. Coal to Liquids

    Utilizing proven third party technologies to convert coal to syngas and then using the Fischer Tropsch process to convert the syngas to diesel and naphtha.

  3. Coal to Ethanol

    Using Alter NRG’s plasma gasification technology to convert coal to syngas and then using third party conversion technology to create ethanol from the syngas.




Key Project Benefits

  • 468 million tonnes of proven and probable reserves
  • Enough resources to support a 50,000 bbls/day CTL project for up to 40 years
  • Ability to acquire additional leases in adjacent areas
  • Low technology risk compared to other methods of energy extraction
  • Ability to utilized surface mining technology
  • Development on open Crown Land, no private ownership/displacement issues
  • Close to mature oil/gas pools, which are actively seeking CO2 for Enhanced Oil Recovery
  • Anticipated access to project water from groundwater/waste water streams
  • Access to key infrastructure, including roads, pipelines and a rail line

 

For more information, please contact Bruce Leonard at (403) 244.0111 ext. 211

 

All expressions of interest and binding proposals are due April 30th, 2010.