Carbon Energy Limited has taken another step in advancing its strategy to license the company's UCG technology globally, signing a Memorandum of Understanding with the Delmo Group to provide its keyseam technology and related services for a commercial scale underground coal gasification project in Argentina. Carbon Energy will earn $10 million technology licence fee with $7.5 million paid on completion of the Bankable Feasibility Study and $2.5 million on successful ignition of the initial Process Characterisation Panel. The company will also receive technology services fees and ongoing royalty once first revenue is generated from the project.
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- Carbon Energy Signs Technology Licensing MOU for Commercial Scale UCG Project in Argentina