Australia's Leigh Creek Energy rises on approval for in-situ gasification project

Neurizer

04/01/2022 01:05

** Shares of Leigh Creek Energy Ltd  LCK.AX  rise as much as
9.4% to A$0.175, their biggest intraday pct gain since Dec 13,
2021
    ** The fertiliser maker says the co along with its
subsidiary were granted authorisation to develop an in-situ
gasification (ISG) project within its former coalfield
 urn:newsml:reuters.com:*:nASX2VqRlX
    ** ISG process converts coal from solid state into gaseous
form, resulting in production of synthesis gas, which can be
used for power generation, or as feedstock for chemical products
like methanol, fertilizers and synthetic natural gas - LCK https://www.lcke.com.au/Portals/87/Content/Documents/CorporateResponsibilty/LCK%20-%20In%20situ%20gasification.pdf?v=2020#:~:text=Leigh%20Creek%20Energy
's%20in%20situ,2000%20to%20describe%20the%20process
    ** Stock posts its highest since Dec 16, 2021
    ** Leigh Creek stock down 5.9% in 2021
    
  

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))