Carbon Energy Secures $2.5M in Federal R&D Funds

摘要

Carbon Energy announced that it has received $2.5 million as a research and development (R&D) tax incentive cash rebate from the Australian Taxation Office for R&D expenditure in the 2015 financial year. The company is working to commercialize its Keyseam underground coal gasification (UCG) process in Queensland, Australia, The company sees its first commercial application, the proposed Blue Gum Gas Project, as uniquely poised to capitalize on the forecast gas shortages and steeply rising gas prices predicted for the east coast of Australia from 2017.