YEROSTIGAZ
ACQUISITION
In October 2007, Linc Energy acquired a 60% controlling interest in Yerostigaz in Uzbekistan. This acquisition not only gave Linc Energy control of the then 48-year old company, but it also cemented Linc Energy's place firmly as the largest UCG company in the world. Yerostigaz, which was a vital part of the former Soviet Union's Underground Coal Gasification (UCG) program, has been operating continuously since 1964 and is the only commercial UCG operation in the world.UCG is a key element in Linc Energy's quest to become a leading producer of ultra-clean diesel, jet fuels and power generation.
The Yerostigaz acquisition added 230-plus experienced employees to the Linc Energy team and allowed it to have effective ownership of a significant piece of the intellectual property and know-how of UCG. The additional employees and expertise to handle an increase in commercial operations,paves the way for Linc Energy to move forward on expanding UCG operations in several other locations around the world including China, India, USA and Australia.
ABOUT YEROSTIGAZ
Yerostigaz is the only company in the world that has been commercially producing Underground Coal Gas (UCG) for use as feedstock for the generation of power. Not only has it commercially produced gas for nearly 50 years commencing production in 1961 at Angren in Uzbekistan, but it has done so continually and without interruption to gas supply during that period. The company owns significant coal reserves at its site at Angren and owns considerable infrastructure to support the production of UCG.Yerostigaz has specialised in the commercial use of coal at depths that have traditionally been considered non-commercially suitable or viable for open cut or underground mining. Yerostigaz has produced this gas to generate power at the 400mw power station at Angren.
During this time, Yerostigaz has continually demonstrated that not only does its UCG technology work at a commercial level, but it has been able to do so without any environmental impact. The land above the UCG generator is used for farming both during and after the gasification process.
Yerostigaz has an impressive commercial and environmental record that simply cannot be matched due to the length of time it has been generating gas. Yerostigaz employs over 230 people who are trained in site selection, geology, hydrology, drilling, pipe work, gas cleanup, maintenance and operation of a commercial facility.
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