VICTORIA’S LIGNITE DEPOSITS – A GLOBAL RESOURCE
The Minerals Council of Australia, Victorian Division applauds the announcement of funding under the joint State and Commonwealth Advanced Lignite Demonstration Program.
Today’s announcement acknowledges that there is serious effort by governments and industry to unlock the potential of one of Victoria’s world class lignite deposits.
Lignite, often referred to as brown coal, has underpinned the Victorian economy for almost a century.
Historically and today, lignite is critical to Victoria and Australia’s power generation capacity.
With the development of new technologies, lignite has the potential to become a feedstock to produce many highly valued and globally significant products such as fertiliser, urea, syngas, char and upgraded low sulphur and ash coal.
The importance of these co-funding initiatives cannot be underestimated. Advanced technologies require significant investment to develop, refine, demonstrate and deploy.
The technologies that prove commercially viable will lead to the development of new industries which will bring further employment and economic prosperity to Victoria’s regional communities.