October 9, 2009

Published: 8 September 2009
Altona Energy joins Global CCS Institute

Altona Energy Plc, the AIM-listed Australian based energy company, has become a Foundation Member of the Global Carbon Capture and Storage Institute, a worldwide organisation focused on accelerating the commercial deployment of carbon capture and storage projects and the promotion of the global reduction of carbon dioxide emissions.

The Global CCS Institute is an international initiative, led by Australia, to speed up the development of CCS technology, and reduce CO2 emissions. Since its creation, 131 entities have become Foundation Members, including 23 national governments including all the G8 and over 100 major companies and organisations.

Altona's Arckaringa coal to liquids and power project has been designed to be ‘CCS ready' with carbon capture technology included as an integral feature of its planned specifications.

The final stage of the project's bankable feasibility study for a 10 million barrel per year coal to liquid ('CTL') plant with a 560 MW co-generation power facility will incorporate extensive development work on the technical and economic aspects of CCS, as well as other measures to mitigate greenhouse gas emissions.

"The Global CCS Institute recognises the economic significance of developments such as the Arckaringa Project and is committed to building confidence in the technologies involved to ensure that fossil fuels can continue to contribute to our energy demands in a greener future," said Altona managing director Chris Schrape.

http://www.coaltransinternational.com/htm/w20090908.154816.htm