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Turkey Property News

US company looks at a coal gasification plant in Turkey

Istanbul, 5 April 2012 - US based Energy Allied International is assessing a gasification plant in Turkey according to Mike Nassar, Allied’s CEO. Because Turkey little in the way of oil and gas reserves lignite gasification offers Turkey a way of reducing its reliance on imported fuels, commenting on the project Nassar said “High oil prices make the gasification of coal a feasible investment. Turkey offers everything an investor looks for”. Turkey has some of the largest lignite deposits in the world and if the project goes ahead will require a multi billion USD investment. Source: Invest in Turkey

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