State-owned coal miner Solid Energy says it has secured exclusive New Zealand rights to technology that converts low-grade lignite and biomass to high-grade coal and synthetic crude oils.
The company yesterday said it had signed a binding heads of agreement with Australian company Ignite Energy Resources.
The two companies will work together to develop the "super critical water reactor" technology and build a pilot plant in New Zealand.
- NZPA
Miner in technology deal
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