Envidity launches $1B UCG-GTL project in Mongolia
Green Car Congress
AUGUST 20, 2011
announced the commitment of funds to launch a US$1-billion underground coal gasification gas-to-liquids (UCG-GTL) project in Mongolia. In August of 2010, Envidity entered into an exclusive agreement with operator Live Energy Group LLC and Shine Shivee LLC to transform economically stranded coal more than 150m deep in the Shine Shivee license areas into domestic fuel for Mongolia. This is a key strategic project for Mongolia.