join Additron Technologies, Inc. in the chase for CTL Technology
(coal to liquid)
on: February 19, 2008, 11:31 am
Release Author: Additron
Release Summary: The expansion of export capacity at coal terminals
and increasing demand for coal , independent power producers and
industrial users, as well as the emergence of empowerment firms,
are causing an explosion in the number of junior coal mining firms.
Release Body: BEIJING, China, EPR Network, February 20, 2008 --
The price of coal for loading rose to a record of about $95 a ton
at the end of November.
was due to a combination of European demand, demand from Asia due
to bottlenecks in Australia and reduced Chinese exports.
than 30 junior CTL firms are vying to meet the
increased demand for coal, which is used in electricity generation
and to fire the furnaces of steel makers, cement producers and other
explosion of CTL juniors is similar to the proliferation
of juniors in the platinum mining sector, where more than 20 small
companies are developing new projects.
produced 247 million tons of coal in 2006. Of this amount, 112 million
tons was used to generate electricity; 41 million tons to produce
synthetic fuel; and 69 million tons for export or consumption by
prices of coal in China have also been rising due to greater demand
power and fuel shortages have presented opportunities for the establishment
of power production, coal-to-liquids (CTL) and
coal bed methane projects.
Castle Management, a venture capital firm and Additron
Technologies, Inc. are both looking at building power and
CTL plants in China to quench growing power and
Technologies, Inc. is completing a study aimed to build
a second local CTL plant.
Technologies, Inc. is rumored to be in the final stages
of negotiating a licensing agreement with Chinese authorities for
the use of Additrons Nano Enhanced ICL process
which will dramatically reduce both production costs and CO2 emissions
at the new plants.
ore, a key input in the production of steel, has risen in price
for five consecutive years, including a 71.5 percent increase in
market for iron ore is now at the tightest it has ever been and
contract prices are set for their sixth consecutive increase in
April due to Chinese demand for steel and a slower-than-expected
supply from Brazil and Australia.
ore contract prices are negotiated every year in October by the
world's top iron ore and steel producers.
Details: Additron Technologies Inc.
Shen Xiang Road, Zhu Jia Jiao Town
Qing Pu Area, Postalcode: 201714
Investor Relations: firstname.lastname@example.org
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