White Energy Appoints Head of North American Operations
March 04 2008 - 2:26PM
Business Wire
White Energy Company Limited, a Sydney-based company which is in
the business of commercializing its patented coal upgrading
technology worldwide (ASX:WEC), today announced it has appointed
Judith A. Tanselle as the President of its North American
operations. The appointment occurs as White Energy looks to ramp-up
its North American presence, and capitalize on the opportunities
available working with American coal producers in the Powder River
Basin, to produce a cleaner, more energy efficient coal product
from their vast sub-bituminous coal reserves. Tanselle, age 53,
joins White Energy Company from JM Energy Advisors, LLC, where she
was principal of an energy consulting company specializing in
advising US based power companies and others involved in the
competitive energy industry on risk management, portfolio
optimization, project development and environmental strategy.
Immediately prior to her time with JM Energy, Tanselle was an
Executive Director of New Jersey�s NRG Energy where she was
responsible for managing their coal and emissions procurement and
trading activities. She has also held the positions of Managing
Director of Coal and Oil Trading for PG&E National Energy Group
in Maryland, Vice President of Coal and Emissions Marketing for
Missouri-based Aquila Energy, and Manager of Coal Trading at
LG&E Energy Marketing in Louisville, Kentucky. She currently
serves on the Board of Directors for the Coal Trading Association
(CTA), is a past member of the NYMEX Coal Advisory Committee and a
past President and Director of the Lexington Coal Exchange. John
Atkinson, Managing Director of White Energy Company, said, �The
appointment of such a senior figure in the American coal industry
sends a clear signal of our intent in the US market, particularly
the Powder River Basin. �Judy has been working closely with us in a
consulting capacity for a number of months and has contributed
towards the development of White Energy�s North American market
entry strategy. This process has clearly demonstrated there is a
need to have someone leading in the US, helping drive our business
dealings with the sub-bituminous coal producers and power companies
alike. Tanselle stated, �White Energy is at a pivotal stage in its
development, and the Group is starting to gain real traction with
the US coal producers and power companies who are coming to grips
with the value of its Briquetting Technology that upgrades lower
grade coals such as those in the Powder River Basin into higher
energy briquettes with properties similar to that of higher value
bituminous coals. �For national energy security and environmental
reasons, the US is increasing its dependence on sub-bituminous
coals out of the Powder River Basin. When these coals are upgraded
using White Energy�s unique process, the result is a coal that can
be transported and converted to electricity much more efficiently
creating value for the coal producer, railroad, utility and
ultimate electricity consumer. Also, since the White Energy process
creates a dust free briquette, this process may be the solution to
the environmental challenge of coal dust that the US coal and rail
industries have been searching for.� �White Energy�s entry into the
North American market is a significant step for the Company but it
is also very important for the US coal and energy industries. I see
White Energy as having enormous opportunities in North America and
am very excited to be joining them to accelerate the deployment of
the White Energy process in this region.� About White Energy
Company Limited White Energy Company Limited is a public company
listed on the Australian Stock Exchange under the ticker symbol
WEC. White Energy is the exclusive worldwide license holder of the
Binderless Coal Briquetting process that upgrades relatively poor
high moisture coals and significantly increases their energy
efficiency. White Energy is in the process of commercializing its
technology and is currently constructing a major commercial plant
in Indonesia. In addition to its Indonesian focus, it is actively
pursuing opportunities to deploy its technology across various
markets including China, India, South Africa and the USA. White
Energy has a technology that represents a first step in building a
cleaner coal solution. White Energy has an evolutionary process
that speeds the maturation of lower grade coals. White Energy is
committed to delivering cleaner coal technologies with a view to
ultimately achieving zero emission targets. Its White Coal process
has been shown to be cost and operationally superior to competing
technologies. The process was developed by Australia�s Commonwealth
Scientific Research organization in conjunction with TraDet Inc,
K.R. Komarek Inc and The Griffin Coal Mining Company Pty Ltd. This
press release contains forward-looking statements that are subject
to risks and uncertainties. These forward-looking statements
include information about possible or assumed future results of our
business, financial condition, liquidity, results of operations,
plans and objectives. In some cases, you may identify
forward-looking statements by words such as "may," "should,"
"plan," "intend," "potential," "continue," "believe," "expect,"
"predict," "anticipate" and "estimate," the negative of these words
or other comparable words. These statements are only predictions.
One should not place undue reliance on these forward-looking
statements. The forward-looking statements are qualified by their
terms and/or important factors, many of which are outside the
Company's control, involve a number of risks, uncertainties and
other factors that could cause actual results and events to differ
materially from the statements made. The forward-looking statements
are based on the Company's beliefs, assumptions and expectations of
our future performance, taking into account information currently
available to the Company. These beliefs, assumptions and
expectations can change as a result of many possible events or
factors, including those events and factors described in "Risk
Factors" in the prospectus, not all of which are known to the
Company. Neither the Company nor any other person assumes
responsibility for the accuracy or completeness of these
statements. The Company will update the information in this press
release only to the extent required under applicable securities
laws. If a change occurs, the Company's business, financial
condition, liquidity and results of operations may vary materially
from those expressed in the aforementioned forward-looking
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