CHAUCER ENERGY IS PLANNING A LARGE SCALE PHASED ISG GAS/POWER PROJECT IN CHILE
Prospective Project Areas
About 2/3 of Chile’s energy supply is imported, including 80% of both its gas and coal demand. Chaucer Energy plans to apply the ISG process to stranded coal in Chile to produce syngas – initially for power generation and later for conversion to industrial chemicals.
Chaucer has reviewed all of Chile’s coal deposits and has:
Been granted Concessions covering 4200Ha near Maullin in South Chile
Been granted Concessions covering 8,200Ha at Rio Perez, and 6,900Ha at Isla Riesco in the Magallanes basin in deep south Chile
Selected additional areas for potential future application
All of these areas have been selected as prospective for ISG based on existing drilling, geophysical and geological data.
Chaucer Energy believes that, for both technical and financial reasons, the development of a commercial ISG project is best achieved by the phased construction of a combined ISG/Power Plant. Power generation is the simplest end use of the gas, with both gas engines and gas turbines available to burn the low calorific value gas produced by the ISG process.
The Company initial plan is to develop an ISG/Power Plant on the Maullin Concessions in a number of stages following establishment of a JORC compliant coal resource, commencing with the generation and export of 3MW of power, followed by expansion to commercial scale.
Successful development of this first project will provide the technical and commercial foundation for development of projects on the Rio Perez and Isla Riesco Concessions, which may be for power generation or for the conversion of ISG syngas into one of a number of possible chemical products.