LNC 0.00% 99.5¢ linc energy ltd

225 million in federal grants for ctl

  1. 831 Posts.
    Did you guys read the speech from Martin Ferguson? Here is a quote:

    "The remaining funding – around $225 million – will be used to support the demonstration of priority clean coal technologies, including coal-to-liquids projects."

    They will probably stipulate a 1 for 1 match in the funding but that should not be a problem with $27 million in the bank and some very keen international investors willing to pitch in with some more.

    With the demonstration plant due to open any day now, LNC could not be in a better position.

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