Leigh Creek Energy: Difference between revisions
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'''Leigh Creek Energy''' ({{ASX|LCK}}) is an [[Australian Securities Exchange|ASX]] listed Australian company which is developing an in-situ [[coal gasification]] (ISG) project at [[Leigh Creek, South Australia]]. |
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|traded_as = {{ASX|LCK}} |
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|former_name = Marathon Resources |
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|industry = [[Mining]] |
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|location_city = [[Adelaide]] |
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|location_country = [[South Australia]] |
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|key_people = Daniel Justyn Peter (Chairman)<br>Phil Staveley (Managing Director) |
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|homepage = [https://www.lcke.com.au/ www.lcke.com.au]}} |
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'''Leigh Creek Energy''' is an Australian company which is developing an in-situ [[coal gasification]] (ISG) project at [[Leigh Creek, South Australia]]. It was renamed from Marathon Resources in September 2015.<ref>[https://www.asx.com.au/asxpdf/20150903/pdf/4312dw7nfbmzjg.pdf Change of Company Name to Leigh Creek Energy Limited] Leigh Creek Energy 3 September 2015</ref> |
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Leigh Creek Energy holds petroleum licences over the [[Leigh Creek Coalfield]], a large coal deposit which spans approximately seven kilometres at Leigh Creek.<ref name=":0" /> The company's flagship Leigh Creek Energy Project intends to produce gas at the site of the former [[Telford Cut|Leigh Creek coal mine]] and develop a fertiliser production facility using waste gas streams and produce [[ammonium nitrate]] fertiliser for use by Australia's farming sector and for export. The LCEP will also generate [[electricity]] via [[gas turbine]]s to supply power to the project and Leigh Creek township.<ref>{{Cite web|url=http://www.lcke.com.au/Our-Business/Leigh-Creek-Energy-Project|title=Leigh Creek Energy Limited > Our Business > Leigh Creek Energy Project|website=www.lcke.com.au|accessdate=2015-10-16}}</ref><ref>{{Cite web|url=http://indaily.com.au/business/2015/10/14/gas-lifeline-thrown-to-embattled-leigh-creek/|title=Gas lifeline thrown to embattled Leigh Creek - InDaily {{!}} Adelaide News|website=InDaily {{!}} Adelaide News|language=en-US|accessdate=2015-10-16}}</ref> |
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Leigh Creek Energy holds petroleum licences over the [[Leigh Creek Coalfield]], a large coal deposit which spans approximately seven kilometres at Leigh Creek.<ref>{{Cite web|url=http://www.smh.com.au/business/coal-makes-way-for-gas-as-leigh-creek-energy-eyes-1b-project-20151011-gk6kon.html|title=Coal makes way for gas. Leigh Creek Energy eyes $1bn project as Alinta bows out|website=[[Sydney Morning Herald]]|access-date=2016-04-30}}</ref> The company's flagship Leigh Creek Energy Project intends to produce gas at the site of the former [[Telford Cut|Leigh Creek coal mine]] and develop a fertiliser production facility using waste gas streams and produce [[ammonium nitrate]] fertiliser for use by Australia's farming sector and for export. The LCEP will also generate [[electricity]] via [[gas turbine]]s to supply power to the project and Leigh Creek township.<ref>{{Cite web|url=http://www.lcke.com.au/Our-Business/Leigh-Creek-Energy-Project|title=Leigh Creek Energy Project|website=Leigh Creek Energy|accessdate=2015-10-16}}</ref><ref>{{Cite web|url=http://indaily.com.au/business/2015/10/14/gas-lifeline-thrown-to-embattled-leigh-creek/|title=Gas lifeline thrown to embattled Leigh Creek - InDaily {{!}} Adelaide News|website=InDaily {{!}} Adelaide News|language=en-US|accessdate=2015-10-16}}</ref> |
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Project planning commenced in 2011, and an exploration license was obtained by the company in November 2014. |
Project planning commenced in 2011, and an exploration license was obtained by the company in November 2014. |
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⚫ | On 12 April 2018, Leigh Creek Energy received approval for its Statement of Environmental Objectives to run a in-situ coal gasification trial at Leigh Creek.<ref>{{Cite web|url=http://petroleum.statedevelopment.sa.gov.au/projects/prj_leigh_creek_energy_isg|title=Leigh Creek Energy In-Situ Gasification|website=petroleum.statedevelopment.sa.gov.au|language=en|access-date=2018-05-10}}</ref> The company successfully ran the pilot project and produced syngas for a period of 4 months and analyzed the sample gas quality.<ref>{{Cite web|url=https://www.engineersaustralia.org.au/Event/leigh-creek-energy-underground-coal-gasification-pre-commercial-demonstration-project|title=Leigh Creek Energy Underground Coal Gasification Pre-commercial Demonstration Project|website=[[Engineers Australia]]|language=en|access-date=2018-05-10}}</ref> |
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In October 2015, two non-executive directors of Leigh Creek Energy resigned. The outgoing directors were former South Australian politician and political lobbyist, [[Chris Schacht]]<ref>{{Cite web|title = Share Price & Information - ASX|url = http://www.asx.com.au/asx/research/company.do#!/LCK/details|website = www.asx.com.au|accessdate = 2015-10-17|archive-url = https://web.archive.org/web/20160304230436/http://www.asx.com.au/asx/research/company.do#!/LCK/details|archive-date = 2016-03-04|url-status = dead}}</ref> and Peter Williams.<ref name=":1">{{Cite web|url=http://www.asx.com.au/asxpdf/20151015/pdf/4323hdqfyyr4fd.pdf|title=Leigh Creek Energy Limited ASX Announcement|last=|first=|date=2015-10-15|website=|publisher=|access-date=2016-04-30}}</ref> Both were previously directors of Marathon Resources,<ref>{{Cite web|url=http://www.abc.net.au/news/2011-07-26/peter-williams-marathon-chairman/2811182|title=Peter Williams is chairman of Marathon Resources|date=2011-07-26|website=ABC News|language=en-AU|access-date=2016-04-30}}</ref><ref>{{Cite web|url=http://tacdc.com.au/team/the-hon-chris-schacht/|title=The Hon. Chris Schacht - The Australia China Development Company|website=The Australia China Development Company|language=en-GB|access-date=2016-04-30}}</ref> and their departure marked "the transition of the company from its previous endeavours, to the new management direction as an energy company."<ref name=":1" /> |
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⚫ | The in-situ coal gasification trail was completed during April 2019 and the site will be monitored for the next 3 years to prove that there are no environmental concerns with the process.<ref>{{Cite news|url=http://gastoday.com.au/news/leigh_creek_modules_complete/104484|title=Leigh Creek modules complete|work=Gas Today|access-date=2018-05-10|language=en}}</ref> |
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Current Executive Chairman Justyn Peters is a former executive general manager of [[Linc Energy|Linc Energy Ltd]]. Between 2006 and 2012 he managed Linc's trial in-situ coal gasification project in [[Chinchilla, Queensland|Chinchilla]], [[Queensland]]. |
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⚫ | On 12 April 2018, Leigh Creek Energy received approval for its Statement of Environmental Objectives to run a in-situ coal gasification trial at Leigh Creek.<ref>{{Cite web|url=http://petroleum.statedevelopment.sa.gov.au/projects/prj_leigh_creek_energy_isg|title=Leigh Creek Energy In-Situ Gasification|website=petroleum.statedevelopment.sa.gov.au|language=en|access-date=2018-05-10}}</ref> The company successfully ran the pilot project and produced syngas for a period of 4 months and analyzed the sample gas quality.<ref>{{Cite web|url=https://www.engineersaustralia.org.au/Event/leigh-creek-energy-underground-coal-gasification-pre-commercial-demonstration-project|title=Leigh Creek Energy Underground Coal Gasification Pre-commercial Demonstration Project |
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⚫ | The in-situ coal gasification trail was completed during April 2019 and the site will be monitored for the next 3 years to prove that there are no environmental concerns with the process.<ref>{{Cite news|url=http://gastoday.com.au/news/leigh_creek_modules_complete/104484|title=Leigh Creek modules complete |
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{{Mining companies of Australia|state=collapsed}} |
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== Governance == |
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As of June 2017, the company's CEO is Phil Staveley, and its Executive Chairman is Justyn Peters with Non-Executive Independent Directors, Gregory English and Murray Chatfield.<ref>{{Cite web|url=http://www.lcke.com.au/About-Us/Our-People-Board|title=Leigh Creek Energy Limited > About Us > Our People - Board|date=2017-06-08|archiveurl=https://web.archive.org/web/20160415063546/http://www.lcke.com.au/About-Us/Our-People-Board|archivedate=2016-04-15|url-status=dead|access-date=2017-06-08}}</ref> |
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== Lobbying == |
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As of 1 April 2018, Leigh Creek Energy is represented to the South Australian parliament by political lobbyist and former leader of the South Australian division of the [[Liberal Party of Australia (South Australian Division)|Liberal Party of Australia]], [[Iain Evans]]. It is also represented by former company director, and retired Labor party politician, Chris Schacht.<ref>{{Cite web|url=http://www.dpc.sa.gov.au/__data/assets/pdf_file/0011/31889/Chris-Schacht-Change-Details-24Jan18.pdf|title=South Australian Register of Lobbyists - Chris Schacht|date=2018-01-24}}</ref> |
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== Opposition == |
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Opposition to the project has been voiced by the Adnyamathanha Traditional Lands Association,<ref>{{Cite news|url=https://www.transcontinental.com.au/story/5344481/atla-heal-our-country/|title=ATLA: ‘Heal our country’|last=Balsamo|first=Marco|date=2018-04-16|work=The Transcontinental|access-date=2018-05-10|language=en}}</ref> and the William Light Foundation. The latter has been supported by groundwater experts Gavin Mudd and Matthew Currell, both of RMIT, who expressed their view that the environmental risks associated with the project had been understated by the proponent.<ref>{{Cite news|url=https://indaily.com.au/news/2018/04/26/experts-urge-caution-leigh-creek-projects-environmental-risks/|title=Experts urge caution over Leigh Creek project's environmental risks - InDaily|date=2018-04-26|work=InDaily|access-date=2018-05-10|language=en-US}}</ref> |
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[[Category: |
[[Category:Companies based in Adelaide]] |
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[[Category: |
[[Category:Companies listed on the Australian Securities Exchange]] |
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[[Category:Synthetic fuel companies]] |
[[Category:Synthetic fuel companies]] |
Revision as of 02:51, 13 December 2021
Formerly | Marathon Resources |
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ASX: LCK | |
Industry | Mining |
Headquarters | , |
Key people | Daniel Justyn Peter (Chairman) Phil Staveley (Managing Director) |
Website | www.lcke.com.au |
Leigh Creek Energy is an Australian company which is developing an in-situ coal gasification (ISG) project at Leigh Creek, South Australia. It was renamed from Marathon Resources in September 2015.[1]
Leigh Creek Energy Project
Leigh Creek Energy holds petroleum licences over the Leigh Creek Coalfield, a large coal deposit which spans approximately seven kilometres at Leigh Creek.[2] The company's flagship Leigh Creek Energy Project intends to produce gas at the site of the former Leigh Creek coal mine and develop a fertiliser production facility using waste gas streams and produce ammonium nitrate fertiliser for use by Australia's farming sector and for export. The LCEP will also generate electricity via gas turbines to supply power to the project and Leigh Creek township.[3][4]
History
Project planning commenced in 2011, and an exploration license was obtained by the company in November 2014.
On 12 April 2018, Leigh Creek Energy received approval for its Statement of Environmental Objectives to run a in-situ coal gasification trial at Leigh Creek.[5] The company successfully ran the pilot project and produced syngas for a period of 4 months and analyzed the sample gas quality.[6]
The in-situ coal gasification trail was completed during April 2019 and the site will be monitored for the next 3 years to prove that there are no environmental concerns with the process.[7]
References
- ^ Change of Company Name to Leigh Creek Energy Limited Leigh Creek Energy 3 September 2015
- ^ "Coal makes way for gas. Leigh Creek Energy eyes $1bn project as Alinta bows out". Sydney Morning Herald. Retrieved 2016-04-30.
- ^ "Leigh Creek Energy Project". Leigh Creek Energy. Retrieved 2015-10-16.
- ^ "Gas lifeline thrown to embattled Leigh Creek - InDaily | Adelaide News". InDaily | Adelaide News. Retrieved 2015-10-16.
- ^ "Leigh Creek Energy In-Situ Gasification". petroleum.statedevelopment.sa.gov.au. Retrieved 2018-05-10.
- ^ "Leigh Creek Energy Underground Coal Gasification Pre-commercial Demonstration Project". Engineers Australia. Retrieved 2018-05-10.
- ^ "Leigh Creek modules complete". Gas Today. Retrieved 2018-05-10.