Linc Energy
 |
|
| Publicly listed company | |
| Traded as |
ASX: LNC SGX: TI6 OTCQX: |
| Industry |
Oil and gas Coal |
| Founded | October 29, 1996 |
| Headquarters | Brisbane, Queensland, Australia |
|
Key people
|
Peter Bond (Executive Chairman) Craig Ricato (CEO) |
| Products |
synthetic gas synthetic fuel electric power |
| Revenue |
 A$124,370,000 A$124,370,000 (2013) |
| Profit |
A$64,989,000(2013) |
| Total assets |
A$1,068,491 (2013) |
| Total equity |
A$444,847,000 (2013) |
| Owner | Peter Bond (Newtron Pty Limited) Genting Strategic Investments (Singapore) Pte Ltd minor shareholders |
|
Number of employees
|
360 |
| Subsidiaries | SPC Yerostigaz SAPEX Limited New Emerald Coal |
| Website | lincenergy |
Linc Energy is an Australian energy company specialized on a coal-based synthetic fuel production as also on a conventional oil and gas production. It is engaged in development and commercialization of proprietary underground coal gasification technology. Produced gas is used for production of synthetic fuel through gas-to-liquid technology, and is planned also to be used for power generation. The company has its headquarters in Brisbane, Queensland.
In April 2016 the company was placed into voluntary administration. At the second creditors meeting in May 2016 the unanimous vote was for the company to be liquidated.
Linc Energy was incorporated on 29 October 1996 as Linc Energy N.L. On 17 November 2000, it changed its name to Linc Energy Ltd. It listed on the Australian Securities Exchange (ASX) on 10 May 2006 and later on the OTCQX in New York in December 2007. On 19 December 2013, Linc Energy delisted from the ASX and listed on the Mainboard of the Singapore Exchange (SGX).
Linc started its Chinchilla Demonstration Facility in July 1999. First gas was produced in that very same year. Initially Linc Energy used the underground coal gasification technology worked out by Ergo Exergy Technologies, Inc, of Canada. However, in 2006 the cooperation with Ergo Exergy was terminated and the cooperation agreement for technology usage, consultation and engineering services was signed with the Skochinsky Institute of Mining and the Scientific-Technical Mining Association of Russia.
In 2005, Linc signed a memorandum with Syntroleum granting a licence to use the Syntroleum's proprietary gas-to-liquid technology and started to build a GTL pilot plant in November 2007 at the Chinchilla facility. The plant was commissioned in August 2008. The first synthetic crude was produced in October 2008. The pilot plant was officially inaugurated on 22 April 2009. The fourth generator was commissioned in February 2010.
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