Australian Future Energy
AFE was established to secure an ownership position in local energy resources, such as coal and biomass for the production of synthesis gas for use as pipeline quality gas, in power generation, and for the production of agricultural and industrial commodities using world class and commercially demonstrated gasification technology provided by our partner, Nasdaq listed Synthesis Energy Systems, Inc (“SES”).
As part of the formation of AFE, SES and AFE entered into a Master Technology Agreement in May 2017 whereby AFE will exclusively use the SES technology for all of its gasification projects in Australia, while SES will exclusively use AFE as its channel to the Australian market.
Since formation in 2014, AFE has successfully created Batchfire Resources Pty Ltd in Australia (formed in 2015), which completed the acquisition of the large 1 billion tonne Callide operating coal mine in Queensland in 2016.
In 2017, AFE also acquired ownership of 100% of a mine development lease for a 270-million-tonne coal resource near Pentland, in Central Queensland.