Alter NRG has identified and analyzed the following value creation opportunities for the Fox Creek Coal Asset:

1. Coal to Urea: Utilizing proven third party technologies to convert syngas to hydrogen which reacts with nitrogen to form ammonia. This is followed by reacting the ammonia with carbon dioxide to produce urea.
2. Coal to Liquids: Utilizing proven third party technologies to convert coal to syngas and then using the Fischer Tropsch process to convert the syngas to diesel and naphtha.
3. Coal to Ethanol: Using Alter NRG’s plasma gasification technology to convert coal to syngas and then using third party conversion technology to create ethanol from the syngas.
   

 



 

Alter NRG's Fox Creek 468 million tonne reserve has the following key attributes:

• $20 million invested to date in the development of the asset, including 442 bore holes, core holes with assay results, reserve reports and also baseline environmental data
• Low projected capital and operating costs ranging from $10 to $15 per tonne
• Crown leases that are located in a resource development friendly area of Alberta
  
• Provincial government support for a mine mouth project
  
• Low strip ratios
• Ideal location near key infrastructure and CO₂ enhanced oil recovery opportunities