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CNX - Carbon Energy

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Letter of intent with LyondellBassell. I will be honest and say that I have not heard of this company but with $16 Billion in assets worldwide it is obviously not small fry. It is reassuring to have another large company have faith in the technology. I hold and I am smiling... as I have been for quite some time.
 
some info on LyondellBasell:

http://www.hoovers.com/lyondellbasell/--ID__106018--/free-co-profile.xhtml
"If it's a plastic world, then you can probably blame LyondellBasell Industries for it. The company is the world's largest producer of polypropylene and Europe's largest maker of polyethylene, the key ingredients that go into plastics of all kinds. Used in a variety of products, polypropylene is a highly versatile polymer, and polyethylene is the most-used polymer. LyondellBasell also makes advanced polyolefins and licenses its polymer technology. The company was formed in 2000 from the combination of the polyolefin businesses of Shell and BASF; it then grew exponentially with the 2007 acquisition of Lyondell. The company is owned by private investment firm Access Industries, which is owned by Len Blavatnik."

December 20th '07- the merger between Basell Polyolefins and Lyondell Chemical Co was completed. This means that a new chemicals giant has been created - cleverly named LyondellBasell Industries! In terms of turn-over, the newly created company is the third largest company in its sector globally. To put it in perspective - LyondellBasell turn-over is larger than such household names as Disney and Canon

http://www.smartbrief.com/news/aaaa/companyData.jsp?companyId=16961

lots more articles on this page:
here's a few-

"IVECO Selects LyondellBasell's High-Performance Softell PP for its New Series of Eurocargo Trucks [Press Release]
PRNewswire | 42 days 8 hours 53 minutes ago
ROTTERDAM, Netherlands, July 31 /PRNewswire/ -- LyondellBasell Industries' Softell polypropylene (PP) compound is being used to produce the door panels of Italian commercial utility vehicle producer IVECO's new Eurocargo truck model. "

"LyondellBasell Receives Toyota Quality Certificate [Press Release]
PRNewswire | 84 days 3 hours 47 minutes ago
ROTTERDAM, Netherlands, June 19 /PRNewswire/ -- LyondellBasell Industries was the only plastics raw material supplier to receive the coveted Toyota Certificate of Recognition for Quality for 2007. The company was honored for outstanding achievements in product quality and supply consistency that it provided to Toyota facilities located in Europe."

"LyondellBasell Aromatics Extraction License Granted to Linhuan Coking Company [Press Release]
PRNewswire | 48 days 9 hours 53 minutes ago
ROTTERDAM, Netherlands, July 25 /PRNewswire/ -- Linhuan Coking Company has selected LyondellBasell's Aromatics Extraction process for a new 80 KT per year plant to be built at Huaibei, Anhui Province, China. Start up is scheduled for 2009. "

Enjoy!
 
Yes, this has been a masterstroke for CNX and the market loved it, 8.7 million shares traded today and finished just off it's high.

I think we are on the move.
 
Positive article in the West Australian today regarding CNX. More light shed on LyondellBassell, its reported they have an annual turnover of $46 billion aswell as reiterating their agreement with Incitec Pivot. If all goes well with the 100 day trial ( due to commence in October ) the plan is to establish the plan of an industrial hub around Carbons UGC tenemant. All the ducks are lining up, looks very positive
 
from the West Australian:

CARBON IN LINE FOR METHANOL POWER DEAL
The stakes for Carbon energy's looming $20million trial of ucg technology has been raised after the group yesterday signed a landmark deal to power what could be one of the world's biggest methanol plants.

The company, headed by WA mining veteran Ian Walker, as teamed up wit Dutch plastics and fuel group LyondellBasell for a joint pre-feasibility study to look at building a methanol plant in Queensland.

The plant would be powered by Carbon's queensland coal tenemnets in the Surat Basin, using its underground coal gasification technology (UCG).

News of the deal sent shares in Carbon, formerly Metex Resources, up 18%, or 11/5cents to 73cents.

The scope of the dealechoes a May agreement with Incitec Pivot which gave the fertiliser giant both a 10.5% stake in the compnay and exclusive rights to the group's UCG technology relating to ammonia and ammonia-derived products.

But while the lucrative deals are potentially company making, the fate of Carbon's ambitious plans would appear to rest on 100 day UCG demo trial to start on October 1.

A further potential JV with Incitec to build an ammonia plant is linked to the outcome of the trial and, while work on the feasibility study with LyondellBasell will begin imminently, the trial results will be crucial to any final decision.

Although its proponents argue UCG, which uses oxygen at high pressure to break coal into its components, provides a lower cost source of energy, analysts still say it carries significant risk.

Carbon Chief Operating Officer Andrew Dash said the partnership with LyondellBasell reflected global acknowledgement of the potential of Carbon's UCG tecnology, which it considered to be world class.

"While we've been doing our technical trial we've been working on (establishing) these strategic partnerships." he said.

With annual revenues of close to $45billion, LyondellBasell is one of the world's biggest polymer, petrochemical and fuel companies.

Mr Dash said the company hoped to create a hub in regional Queensland to include a methanol plant and the ammonia plant it may build.

He said, while the cost and scale of the methanol plant would be considered under the feasibilty study, it was intended to be among the world's biggest.
 
Hello Everyone,

This is a great step forward for carbon, with the trail burn set to start and now a world recognised company like this wanting to partner up is exceptional.

Now all we need is a written comfirmation by the queensland gov which will allow ucg and csm to work side by side around the same area...

WHEN ALL THIS EVAILS....... WATCHHHHHHHH OUTTTTTTTTT

I PROUDLY DISCLOSE SUBSTANTIAL HOLDINGS
 
hey guys,

i've been on the sidelines watching CNX for a fw months now and it looks like it has some interesting ideas a perhaps a bit of promise. i would like to know if anybody can point me in the direction to find what differentiates CNX from LNC's and WEC's technology.

It looks to me like it could be the next $3 or $4 alt energy stock so want to do a bit of extra research to see if its worth a shot.

cheers dale
 
Hum... ive been reading abit about UCG and this process looks very interesting (and surely lucurative)...
But as Of now, I still do not fully understand the risks, and I know there are plently... Carbon energy could well be the next big thing coming up through the cracks...
Im all really excited for you lot so far...
...
Think I will just stay with csg at this stage...

.^sc
 
The latest report, available at carbonenergy.com.au goes a bit further to explain how CNX's technology differs from the opposition. I think that it's more of a protocol difference and possibly different technology behind keeping the burn going.

It's a good report and worth a read, can't see us getting to the target price for some time now.

Anyone know what happened to the Uranium and Gold reserves Metex had? Does cnx hold them still?

Surely that would boost the price is the current gold climate.
 
Everything about CNX looks positive except the share price. A consistent pattern seems to to be for the price to rise significantly during the day, only to lose it all towards the close. The day traders cashing in I suppose.

Have you seen this report? It's a couple of weeks old, but positive;

www.carbonenergy.com.au/documents/ASX170908_1.pdf
 
Intresting that july was the last post on this stock, considering the run it has had and now only days away from the Pilot burn tests..
 
Fibbs said:
Intresting that july was the last post on this stock, considering the run it has had and now only days away from the Pilot burn tests..
Click to expand...

The last post on this stock was on 20 Sept not July. Perhaps you looked at the stock under its previous name- Metex. If so, you didn't read the last comment there by Admin (Joe Blow) in July who advised the thread was then closed as company is now known as Carbon Energy.

Good rise of 5.5c today to finish at $0.595

Disclosure- I hold CNX shares
 
To be honest I find it a bit baffling as to why this stock isnt talked about a bit more, and not just here but other places as well. I have had a number of stocks over the past months and none of them have/had as much potential as CNX, and they all did better than CNX at similar stages (as in performing due to potential). In my opinion this stock should be close to $1 and not lingering around 50c. I think that in any other timeframe it would be worth a lot more already.

That said, things should be justified shortly. One more piece of good news and this should skyrocket.
 
Well this certainly is a volatile little swinger lately I like it looks like it has a great future & at present is totally ignoring the rest of the market, I like it even more
 
announcement out today,
gas flaring expected next week:

"Carbon Energy Limited (ASX:CNX) advises that it has successfully completed construction of all major above ground facilities and infrastructure for the commercial scale oxygen-injected Underground Coal Gasification (UCG) trial at its Bloodwood Creek site, near Kogan in South East Queensland.
De-watering and pressurisation of the ignition well has been completed and commissioning with respect to syngas production is continuing with gasification anticipated to commence during next week. The trial remains on schedule and under budget.
Carbon Energy Chief Operating Officer Andrew Dash said the trial will be the first of its type in the world to demonstrate, on a commercial scale, the Company’s oxygen-injection UCG process for the production of syngas."
 
nice wedge formation with a gap down not yet covered, looks positive or am I putting to much faith in gaps being covered?
 
Yep, nice announcement on the successful production of syngas. And under budget and under time I think.

But wouldn't it be useful if CNX spelt out more clearly the economic value of this success i.e. how much product will be available, when, the approximate value and estimated earnings per share? It may not move a totally blind and hysterical market but at some stage analysts who monitor production of essential energy based products will take notice.

After all that is the basis of Linc's strategy.
 
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