Pacific Road To Acquire 10% Stake In UCG Company Carbon Energy Limited from CSIRO
Green Car Congress
MARCH 29, 2010
Private equity fund Pacific Road has agreed to acquire 10% of underground coal gasification (UCG) company Carbon Energy Limited from Australia’s national science agency CSIRO in an off-market trade. Carbon Energy’s purpose is to produce clean energy and chemicals feedstock from Underground Coal Gasification (UCG) syngas. CSIRO: 4.8%.
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