View in Other Languages Clean Global Energy Limited (ASX:CGV) Not Affected By QLD Government Decision To Keep Cougar Plant Closed Clean Global Energy Limited (ASX:CGV)称昆士兰政府关闭Cougar工厂的决定不影响公司发展 Clean Global Energy Limited (ASX:CGV)稱昆士蘭政府關閉Cougar工廠的決定不影響公司發展 
Clean Global Energy Limited (ASX:CGV) Not Affected By QLD Government Decision To Keep Cougar Plant Closed
Clean Global Energy Limited (ASX:CGV) Not Affected By QLD Government Decision To Keep Cougar Plant Closed

Sydney, Jan 28, 2011 AEST (ABN Newswire) - Clean Global Energy (googlechartASX:CGV) (CGE) is aware of today's decision by the QLD Government to disallow Cougar Energy's (googlechartASX:CXY) UCG trial pilot plant to reopen.

CGE Chair and CEO, Mr John Harkins, said CGE's Linear CRIP UCG technology was vastly different, and greatly advanced over the technology adopted by Cougar Energy at its Kingaroy plant.

"Our Technical Director, Dr. Michael Green, led the successful European Union trials in Spain on which our technology is based. Most importantly, those trials fully met stringent European environmental laws," Mr Harkins said.

"We are currently focussed on overseas projects in India, China and the United States where the underground coal gasification process and UCG Syngas product is more clearly understood by both government and major corporations, who are encouraging CGE to bring our technology and expertise to those markets."

"As we announced only last month, CGE has expanded into the US market in a substantial way, with the early stages of project development now underway to build and operate a commercial UCG Syngas plant in Oklahoma, in partnership with US energy multinational, the AES Corporation (googlechartNYSE:AES)."

"This is a clear signal to the global market that major corporations such as AES believe that CGE demonstrates a significant technical capability, and that we are leaders in global commercial developments in underground coal gasification."

"CGE is of the view that this decision by the QLD Government on Cougar's plant, does not in any way impact CGE's plans to progress the development of our QLDbased coal tenements into income-producing assets in the medium to longer term."

"Our shareholders know and appreciate we are in the UCG Syngas business for the long haul, both in Australia and overseas, which will result in significant revenue to CGE and shareholder value to its investors", Mr Harkins said.

Contact

Mr. John Harkins
Chairman and CEO
Tel: +61-2-9230-0318

Mr. Andrew Whitten
Secretary/Legal Counsel
Tel: +61-2-9264-2216

Clean Global Energy Limited
http://www.cleanglobalenergy.com.au



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