White Energy Company Limited · ASX:WEC
White Energy — Pritchard Capital Partners Energy Conference (January 2008)
23 slides from White Energy's conference presentation, Jan 9, 2008
Slide 1: White Energy Company Limited Company Profile
For personal use only White Energy Company Limited (ASX : WEC) Other OTC: WECFY (ADR) Company Profile January 2008
Slide 2: Forward Looking Statements
Forward Looking Statements For personal use only Except for the historical information contained herein, the matters discussed in this presentation contain forward-looking statements, including statements, containing the words “planned”, “expects”, “believes”, “strategy”, “opportunity”, “anticipates
Slide 3: White Energy's Coal Upgrading
White Energy’s Coal Upgrading For personal use only White Energy’s BCB process upgrades low value coals by reducing the moisture and compacting into dense, physically and chemically stable lumps that can be handled, transported and utilised like normal coal.
Slide 4: Company Snapshot
Company Snapshot For personal use only Listed: Australian Securities Exchange (ASX: WEC) Other OTC: ADR Program (WECFY). Business Description: Commercialization of Coal Upgrading Technology. Shares outstanding: 123,632,586 fully paid ordinary shares. – Options Outstanding 32,415,097 Recent share pri
Slide 5: Financial Snapshot
Financial Snapshot For personal use only Consolidated Balance Sheet (A$000’s) 31 Dec 30 June 30 June 2007* 2007 2006 Current Assets 48,974 18,411 6,700 Non Current Assets 76,561 67,482 59,126 Total Assets 125,535 85,892 65,826 Total Liabilities 5,956 8,423 4,411 Net Assets 119,579 77,469 61,415 Tota
Slide 6: Global Market Drivers
Global Market Drivers For personal use only • Rapidly growing coal demand - Global coal demand is expected to grow significantly through 2030, particularly from the fast growing economies of China and India (IEA). • New crude oil paradigm placing upward pressure on competitive fuels - Rising crude o
Slide 7: Issues Facing the Coal Industry
Issues Facing the Coal Industry For personal use only Coal is the lowest cost and most easily accessed energy source in the world, however there are several issues that reduces its attractiveness as an energy source into the future. • Combustion of coal releases CO2 and inefficient use could have gl
Slide 8: WEC - A Facilitator to Zero Emissions
WEC - A Facilitator to Zero Emissions For personal use only White’s Upgraded Efficiency Improvements Advanced Technologies + + + Zero Emissions Coal Existing Power Plants New Power Plants Coal upgraded by the White Conventional sub-critical plants can Integrated gasification Carbon capture and stora
Slide 9: Research and Technology Enhancements
Research and Technology Enhancements For personal use only White Energy’s strategy is to: Act as an enabling technology partner today: • Coal upgraded by White Coal Technology can be used to supply each of the stages of the coal technology lifecycle offering significant environmental benefits. • WEC
Slide 10: Coal Dust – A Major Problem in the USA
Coal Dust – A Major Problem in the USA For personal use only Transportation of coal presents significant logistical, environmental and financial challenges for all stakeholders in the coal value chain. Coal transported by rail from the Powder River Basin (PRB) to power utilities results in dust accu
Slide 11: Coal Dust – A Major Problem in the USA
Coal Dust – A Major Problem in the USA For personal use only Increasing Coal Shipments: Rail With the rapidly increasing number of Co Ave. PRB Coal Trains Per Day shipments, accumulation rates have visibly accelerated over the past few years. While no other product is allowed to spill or leach from
Slide 12: The White Energy Technology Benefits
The White Energy Technology Benefits For personal use only Higher energy content: WEC increases heat the useable energy content by between 30% and 200%, creating valuable power generation efficiencies. High volume production capacity Low upgrading costs: Favorable conversion economics allow the prod
Slide 13: The White Energy Value Added Process
The White Energy Value Added Process For personal use only The White Coal Technology was originally developed by a consortia led by the CSIRO, the pre-eminent Australian government sponsored research organisation. Low value coal is crushed and rapidly dried to remove water content and reduce dust le
Slide 14: White Energy Impact on Coal Chemistry
White Energy Impact on Coal Chemistry For personal use only FEED Coal WEC Upgraded Coal Sample – North Dakota PROXIMATE ANALYSIS Total Moisture arb (%) 40 8.6 Ash (%) 8.5 13.6 Volatile Matter (%) 28.1 37.0 Fixed Carbon (%) 23.4 40.8 ULTIMATE ANALYSIS (dried basis) Carbon (%) 61.3 61.3 Hydrogen (%) 4
Slide 15: Strong Power Plant Performance
Strong Power Plant Performance For personal use only Sub-bituminous coal upgraded by White Energy compares very favorably with higher priced bituminous coal Parameter Sub-bituminous White Energy Australian Bituminous Coal Upgraded Coal Coal 14% ash Boiler Efficiency (%) 85.3 89.4 89.5 Parasitic Load
Slide 16: Strategy for the Year Ahead - Asia
Strategy for the Year Ahead - Asia For personal use only Operations (build earnings and cash flow): Asian Coal Outlook • Global thermal coal import demand (seaborne plus – Bayan Resources (Indonesia): commission land-borne) is forecast to grow by 116Mt by 2015. the 1MTPA plant at the Tabang coal min
Slide 17: Strategy for the Year Ahead - USA
Strategy for the Year Ahead - USA For personal use only Execute on US market entry strategy: North American Coal Outlook – WEC is in the process of establishing • Use of sub-bituminous coal has grown rapidly as US power utilities switch from local bituminous coals in part to avoid operations in the
Slide 18: FY 2007 Highlights
FY 2007 Highlights For personal use only BHP Billiton appointed as global marketing agent in exchange for US$35M funding package. All relevant documentation in relation to this transaction has now been executed. WEC is yet to drawdown any funds. Joint venture with Bayan Resources finalised and const
Slide 19: For personal use only
For personal use only
Slide 20: Bayan Resources Joint Venture Progress
Bayan Resources Joint Venture Progress For personal use only The Bayan Project is a JV owned 51% by WEC and 49% by Bayan. The JV is building its first 1MTPA plant with production capacity growing to 5MTPA. Bayan has agreed to acquire up to 1.5 MTPA of upgraded coal from the JV over the first five ye
Slide 21: Tabang Million MTPA Module
Tabang 1 Million MTPA Module For personal use only
Slide 22: Management Team
Management Team For personal use only • John Atkinson, Managing Director, formerly managed Baker & McKenzie in Hong Kong, where he specialized in M&A. He is the former Chair of Baker & McKenzie’s global Major Projects Group. Long term investor in coal technologies and coal mines. • Travers Duncan, E
Slide 23: Why Invest in White Energy?
Why Invest in White Energy? For personal use only • White Energy has a technology that represents a first step in building a cleaner coal solution. • White Energy’s unique coal upgrading technology is commercially viable. • White Energy has demonstrated the ability to monetize significant value-add.
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