At Carbon Energy our focus is on building a world-class business that produces clean energy and chemicals from Underground Coal Gasification(UCG).
The diversity of product produced by the UCG process and the ability to deploy our technology globally enables Carbon Energy to work collaboratively with companies such as coal resource owners, chemical and fuel manufacturers, and power generators or for those who seek investment in substantial growth opportunities.
Our Purpose
Our purpose is to create long-term value for our Shareholders, Partners and employees through continuous technology improvement and resource expansion, that enables us to deliver innovative customer and market focused results.
Carbon Energy's Strategic Objectives
Carbon Energy is an emerging energy Company whose purpose is to produce clean energy and chemical feedstock from Underground Coal Gasification (UCG) syngas. It aims to do this by:
Continuous improvement of UCG technology and the development of complementary technologies that will ensure that CARBON ENERGY will develop a superior technical capability in the UCG syngas industry that will differentiate the Company from all other energy companies.
Identify and develop commercial opportunities using syngas derived from CARBON ENERGY's superior UCG technology for the production of power, chemicals and gas to liquids (GTL) either in the Company's own right or by way of strategic partnerships.
Expand its coal resource inventory by exploration within its current tenements and through identification of suitable joint venture opportunities leveraged off CARBON ENERGY's ability to successfully undertake UCG in Australia and globally.
Quality communication with all stakeholders about the Company's performance and development, including its commitment to environmental best practice.
Values
- Integrity - In dealing with others and upholding our commitments
- High Performance - Continuing to strive for the achievement of superior business results
- Safety and the Environment - A commitment to health, safety, environmental responsibility and sustainable development.
- Win-Win Relationships - Creating relationships which can deliver value for all parties.
- Respect for the individual - Embracing diversity, openness, sharing, trust, teamwork and involvement.
Company Overview
Carbon Energy (Operations) Pty Ltd (CEOPL), formerly Carbon Energy Pty Ltd (CEPL) was incorporated in 2006 as a joint venture between Metex and the CSIRO and Others to develop and commercialise the underground gasification of coal deposits.
In late 2007 an agreement was reached with the CSIRO and Others whereby Metex (now Carbon Energy Ltd - CARBON ENERGY) acquired the balance of shares in CEOPL in return for approximately $2.4 million (net) in cash and 103.561 million shares. Following this transaction CSIRO holds approximately 17.8% of CARBON ENERGY's issued capital. CEOPL's previous collaborative arrangements regarding ongoing intellectual property rights to UCG and ongoing service agreements with CSIRO continue with CARBON ENERGY.
The Company is included by Standards and Poor's in the S&P/ASX300. In May 2008 Carbon Energy committed to the development and construction of our first commercial scale, oxygen injected Underground Coal Gasification (UCG) trial based on a standard 1 petajoule (PJ) per year UCG syngas module at its BloodwoodCreek site in Queensland thereby positioning itself as a significant new force in Queensland's energy industry.
One of the principal objectives of the Company has been to pursue and develop strategic alliances involving other commodities outside of its core interests of minerals exploration and mine development.
This strategy has resulted in the successful listing of Elkedra Diamonds, Zambezi Resources and more recently Magma Metals.
In May 2008, the Company announced a Memorandum of Understanding (MOU) with Incitec Pivot Limited (IPL) whereby IPL subscribed for 55 million shares in CARBON ENERGY, and IPL gains exclusive global rights to the use of Carbon Energy's UCG technology for ammonia and ammonia derived product manufacture, with CARBON ENERGY having an entitlement to joint venture participation in respect of ammonia production. IPL currently holds 11.2% of CARBON ENERGY's issued capital.