Tinwins: page 7 of current NHC glossies: "Carbon Conversion...

Tinwins: page 7 of current NHC glossies:

"Carbon Conversion Projects
New Hope continues to review the industry for further acquisition opportunities which are becoming more prevalent in the current depressed market.
The Coal to Liquids (CTL) research and development activities have continued with success. The manufacture of the indirect 1 tonne per hour CTL “Proof of Concept” (POC) plant is well advanced with the pyrolysis gasifiers on site at the Jeebropilly mine location. The prime purpose of this
process is to produce diesel and jet fuel as well as minor electricity generation. As anticipated, the scale up from 25kg per hour to 1 tonne per hour has encountered some difficulties. The issues with the gasifiers have been resolved, with good performance during the pre-commissioning trials.
The liquefaction process scale up design encountered some difficulties requiring some modifications involving additional equipment with long lead times necessitating some project delay. All parts of the process should be shipped to Jeebropilly by year end, subject to supplier performance.
Some electrical plant modifications will be needed to meet Australian standards.
Progress with the direct coal liquefaction process continues with the commissioning of the 1 tonne per day POC plant underway in the USA. This process generates products suitable for high strength plastics and pharmaceutical industries. A high grade synthetic metallurgical grade coke is produced as a valuable by product of the process. Diesel production from the liquids will be evaluated over the next six months.
The performance of these technologies is dependent on the individual coal types used which also impacts the product types and project yields.
Ultimately these factors will influence the commercialisation of the technologies. To date the technology developments remain on budget despite
some delay."

If you go backwards you will see more that they told as the story unfolded.