Sign up Australia
Proactive Investors - Run By Investors For Investors

Greenpower Energy raising funds to advance portfolio, review opportunities

Greenpower Energy raising funds to advance portfolio, review opportunities

Greenpower Energy (ASX:GPP) has raised A$500,000 to put the company in a position to be able to continue funding its existing asset portfolio – mainly focused on coal to liquid and chemical conversions – and review new opportunities.

Greenpower has also intends launching a renounceable rights issue to raise about $650,000, details of which will be sent to shareholders.

The major activity of Greenpower over the past four years has been coal to liquid and chemicals conversions, where the company is in the business of developing industrial enterprises which convert coal to transport fuels and other useful chemicals in an environmentally conservative manner.

Greenpower also holds mining tenements in Victoria’s Latrobe Valley which contain substantial lignite tonnages, but the company is not developing or producing from them presently.

Greenpower and Monash University last year received funding support from the Commonwealth Government supporting their brown coal to agriculture and bio-diesel products research.

The company has exclusive Australian rights to the Oxidative Hydrothermal Dissolution (OHD) process developed by U.S. company Thermaquatica.

Monash University researchers have now begun programs to develop commercial utilisation of output from the OHD reactor.

This is focused on developing an agricultural biostimulant, a source of carbon for soil as well as a related program as a source of lipids for bio-diesel production.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

Register here to be notified of future GPP Company articles
View full GPP profile View Profile

Greenpower Energy Ltd Timeline

June 20 2017
January 23 2017
December 02 2016
October 20 2016

Related Articles

Potash West NL's Patrick McManus talks near-term news in Proactive Q&A Sessions™
November 30 2016
Patrick McManus, MD, exclusively joins Proactive Q&A Sessions™.
January 28 2017
Rainmaker Resources may have been conspicuous by its absence from news feeds for a few months and its shares may be towards the bottom of its historical range, but investments are made of far more than that
May 30 2017
The Ayawilca zinc zone already has an inferred mineral resource of 18.8 million tonnes at 8.2% zinc equivalent

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use