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Pacific Road To Acquire 10% Stake In UCG Company Carbon Energy Limited from CSIRO

Green Car Congress

MARCH 29, 2010

Private equity fund Pacific Road has agreed to acquire 10% of underground coal gasification (UCG) company Carbon Energy Limited from Australia’s national science agency CSIRO in an off-market trade. Carbon Energy’s purpose is to produce clean energy and chemicals feedstock from Underground Coal Gasification (UCG) syngas. CSIRO: 4.8%.

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We Need More Than Just Electric Vehicles

Cars That Think

AUGUST 20, 2022

Manufacturing an EV battery using coal-based electricity results in more than three times the greenhouse-gas emissions of manufacturing a battery with electricity from renewable sources. 70 percent of lithium-ion batteries are produced in China, which derived 64 percent of its electricity from coal in 2020.

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