Energy company Linc Energy Ltd
(ASX:LNC) says it has signed a contract with Aker Solutions to jointly develop the conceptual design of Linc Energy’s proposed 20,000 barrels a day commercial Gas to Liquids facility planned to be based in South Australia.
Linc says this conceptual design phase has a schedule of six months and will commence in early August 2009 and target completion by mid February 2010.
The company says as a result of the agreement Aker Solutions will bring its global resources and process engineering capability together with Linc Energy’s own resources to form a strong relationship capable improving Linc Energy’s gas to liquids technology in order to accelerate its commercialisation.
CEO Peter Bond says the commencement of this engineering work is a significant step towards Linc Energy’s vision of commercialisation of Underground Coal Gas to commercial Gas to Liquids in South Australia.
Linc Energy has posted net losses in the last five years.
