Altona Energy and the Arckaringa Project
At a glance...
- Altona Energy is setting the pace for developing an exciting new energy and fuel source in South Australia: the Arckaringa Project
- We have a World Scale Energy Bank with many uses which are currently being evaluated and prioritised
- The Arckaringa Project will convert low-value coal into feedstock to produce high-value hydrocarbons for fuel production (such as clean burning diesel) and low-cost power generation
- The Arckaringa Project has the potential to demonstrate world-class Carbon Capture and Storage (CCS), helping reduce the volume of global greenhouse gas emissions
- The Arckaringa Project also has the potential to provide a managed, sustained water supply to help unlock the parched northern regions of South Australia for agricultural and industrial development
- It is the only project proposed for South Australia with this unique mix of positive outcomes
- Our Arckaringa Unincorporated Evaluation Joint Venture (AUEJV) with CNOOC-NEI, a subsidiary of China National Offshore Oil Corporation (CNOOC), is a partnership in which both partners bring strengths to the table
- Together with our partners, we have the means and the record of accomplishment to turn the vision into reality.