GTL Energy’s NZ unit, with option on Solid Energy’s idled briquette plant, posts wider loss

Wed, 12 Mar 2014

By Jonathan Underhill March 12 (BusinessDesk) - The New Zealand unit of Australia’s GTL Energy posted a wider loss last year, reflecting its share of costs to develop Solid Energy’s now-idled Mataura briquette plant. GTL Energy (New Zealand) had a loss of $761,289 in the year ended June 30, from a loss of $205,431 a year earlier, according to its annual report. It garnered no revenue while completing the plant, which used GTL’s technology to increase the thermal energy of lignite, converting it into a coal product that could be used by indust...

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