May 30 2006
Anglo American and Shell have announced the formation of an Alliance in the field of coal conversion to clean energy.
The two leading companies aim to maximise the benefits from the emerging field of clean coal energy by taking selective equity positions in coal conversion projects. These projects will utilise the coal reserves of Anglo American and combine its mining capabilities with Shell’s technologies. The objective is to extract, gasify and then convert coal into chemicals, hydrogen, power, liquid hydrocarbons and other uses.
Tony Trahar, Chief Executive of Anglo American, said, ”The ability of Anglo American and Shell to form a clean coal energy Alliance, which has the potential to develop multiple projects, will create a sustainable competitive advantage, whilst creating value for shareholders of both the Alliance partners.”
Linda Cook, Executive Director, Shell Gas & Power said, “This Alliance further advances the significant progress that Shell has made in developing clean coal energy. The technology, and the potential opportunities that it will unlock, is exciting and we look forward to working with Anglo American.”
The Alliance partners are currently investigating an opportunity to incorporate Anglo American’s Monash Energy Project, based in Australia, into the Alliance. This project is exploring technologies that produce liquid fuels from non-conventional sources, such as coal. The project initially envisages a coalmine, drying and gasification plant, carbon dioxide capture and storage and a gas-to- liquids (GTL) plant with associated power generation.
http://www.shell.com and http://www.angloamerican.co.uk