Energy Fuels' current focus is on projects at the lower-end of the Company's cost curve, including the Nichols Ranch ISR project, the permitted Hank ISR project, the near-permitted Jane Dough ISR project, the high-grade Canyon mine, the alternate feed material business at the White Mesa Mill, and the larger-scale Roca Honda, Sheep Mountain, and Henry Mountains
conventional projects.
Department of Energy study finds that LEED certified buildings, compared to
conventional projects, consume an estimated 25 percent less energy and 11 percent less water, have 19 percent lower maintenance costs, 27 percent higher occupant satisfaction, and 34 percent lower greenhouse gas emissions.
But the upfront costs associated with developing a shale play can be measured in the hundreds of millions of dollars, not the billions associated with many frontier
conventional projects, or the tens of billions spent on Kashagan.
If some of these projects are delivering a return which is for the same risk profile, which is below
conventional projects, then every rational investor wouldn't touch a green project.
However, the nature of our maturing hydrocarbon portfolio means we will continue to rely less on
conventional projects and more on complex, technically demanding EOR developments on sour schemes, namely those involving the delivery of oil and gas containing hydrogen sulphide.
Large shale resources in countries which are already major conventional producers and exporters may not have much impact on oil and gas availability: the shale accumulations may end up "queued" behind a long line of
conventional projects as the host nation restricts resource development to support prices.
In
conventional projects in other parts of the UK, planning isn't usually submitted until after contract award, so this decision doesn't alter the competitive nature of the procurement.
So much so that costs for these types of gas projects have been in some cases lower than those of more
conventional projects," Chapman pointed out in the EPC analysis of the growing role of shale gas production in Europe, North America and Asia.
Huge
conventional projects like the HidroAysen (Endesa-Colbun) dams promise to concentrate market control even more, increasing, in turn, the respective companies' lobbying leverage.
Eoe1/4EoThe business model that oil companies have adopted with the
conventional projects will have to be modified as we undertake more and more complex and costlier EOR projects,Eoe1/4A[yen] he said.
I believe that along with our
conventional projects, a series of new and large projects, specially in the power, oil and gas sectors, should be defined while we should also cooperate with each other in grounds of airplane and car production.
The availability of large loan amounts has lead to an increase of attention from a new class of borrower, including those seeking to fund more
conventional projects and those requiring larger amounts of money.
