JAT remains committed to the energy market, reviewing opportunities in China and Australia for energy resources, conversion technologies, energy storage and energy efficiency products.
Management continues its review of potential coal mines and sites for coal conversion using JAT’s Coal Plus conversion technology.
The Coal Plus conversion technology uses low temperature, no pressure and no oxygen to convert low value brown coal into natural gas, pryol oil and PCI coal. The advantages of this system are its low capital and running costs, and it is ideally suitable for Indonesia which has abundant low value coal.
The current market for thermal coal is flat and has been for the past 24 months. Accordingly overseas offices and operations relating to coal production and mining have been temporarily closed.