Australian Government to Fund Coal Projects in Victoria

TCE Today reported that the Australian government will fund two advanced coal projects in Victoria totaling A$50 million. According to TCE, A$30 million will go to Coal Energy Australia for a demonstration production plant, while Ignite Energy Resources has been granted A$20 million for a pre-commercial production plant.

As quoted in the publication:

Both plants will be based in the Latrobe Valley region and are funded under the Advanced Lignite Demonstration Program (ALDP) – a joint scheme between the federal and state governments. Both plants will take comparatively cheap brown coal and use it to produce high value products including oil, fertiliser and upgraded coal.

Click here to read the full TCE Today article.