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White Energy Company Limited (ASX:WEC)

ALERT: Price-sensitive ASX Announcement for WEC
Current share price for WEC : $0.190 0.158 (493.75%)+
Announcement
Release
8 Jan 2026 9:32AM
Price at Release
$0.032
Full Release
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Summary
White Energy Company Limited, through its wholly-owned subsidiary Binderless Coal Briquetting Company Pty Limited (BCBC), has entered into an exclusive agency agreement with K.R. Komarek Inc., a U.S.-based company, for the sale of briquettor machines utilizing BCB technology worldwide. The agreement enables BCBC to act as the exclusive sales agent for these briquettors, continuing White Energy’s rights to market them post the expiration of an existing worldwide licence on 17 January 2026. The BCB technology, developed over 20 years by a CSIRO-led consortium, transforms coal into higher energy briquettes without binders, offering opportunities for more efficient coal use. The agreement has an initial term of 10 years with automatic renewals. White Energy sees potential in using this technology to address energy challenges, particularly in South Africa, through its joint venture with Proterra Investment Partners.
Key Points
  • Exclusive agency agreement with K.R. Komarek Inc. for BCB briquettor machines.
  • Agreement commences post worldwide licence expiration on 17 January 2026.
  • BCB technology developed by a CSIRO-led consortium.
  • BCB technology transforms coal into higher energy briquettes without binders.
  • Potential applications in South Africa's energy sector.
  • Joint venture with Proterra Investment Partners in South Africa.
  • Agreement has an initial 10-year term with automatic renewals.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.