LIQUIDATORS of Linc Energy have announced the controversial Chinchilla underground coal gasification plant will not be sold as part of a liquidation sale.
PPB Advisory, the liquidators behind the failed company, notified the State Government with the documents this week in a move which separates Chinchilla's Hopeland area from the remaining Linc asset sale.
The Chinchilla trial site is subject to pending legal action over alleged environmental harm which Linc Energy founder Peter Bond has denied and indicated he will fight in court.
PPB Advisory's move means the remaining Linc assets can be sold in an effort to recover debts of $320 million after creditors voted to wind up the company in May.
Creditors on Tuesday voted in favour of the asset sale however the buyer has not been named until the contract in finalised, ABC reports.
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