Peter Bond
| Peter Bond | |
|---|---|
| Born | Camden, New South Wales |
| 🏳️ Nationality | Australian |
| 💼 Occupation | Mining and Energy Executive |
| Known for | Linc Energy, Dunk Island, Infinite Power |
| 🌐 Website | peterbond.co |
Peter Bond is an Australian mining and energy executive, best known as the former Executive Chairman of Linc Energy. He debuted on the Australian BRW rich list in 2008 with a net worth of $352,000,000.[1], made it to number 21 on the Sunday Mail Queensland Top 150 Rich List[2], and peaked as the 10th richest business person in Australia, with a net worth of $572,000,000.[3] He is now a director of renewable energy company Infinite Power[4] and ranked among the most influential business executives in Australia in Who's Who Business.[5]
Early life
Bond was raised in Camden, New South Wales. His father was a truck driver and his mother was a teacher. He finished high school in 1981 and became a metallurgist with BHP.[6]
Career
After leaving BHP, Bond began buying quarries, and soon started making $17,000 a month trucking coal. He became a millionaire by age 26 and in 2011 was ranked as the 10th richest person in Australia.[7]
As a metallurgist Bond always had an interest in mining technology and renewable energy, and in 2005 he took over Linc Energy[8], signing a memorandum with Syntroleum granting a licence to use the company's proprietary gas-to-liquid technology. This technology was used to build a GTL pilot plant in November 2007 at Linc's Chinchilla facility. The plant was commissioned in August 2008. The first synthetic crude oil was produced in October 2008.[9]
In November 2007, Linc Energy, in cooperation with BioCleanCoal Pty Ltd, established a joint venture to develop a prototype bioreactor for converting carbon dioxide through a photosynthesis into oxygen and solid biomass.[citation needed]
In October 2010, Linc Energy acquired a 10% stake in the UK-based alkaline fuel cell company AFC Energy and in 2011, it increased its stake up to 12%.[10] In the cooperation with AFC Energy and B9 Coal, Bond's company commissioned a hydrogen fuel cell named Alfa System at Chinchilla. Combining the fuel cell technology with the underground coal gasification allowed usage of hydrogen, produced by the underground coal gasification process, as a feedstock for the fuel cell.[11]
In the same year, Bond brokered a deal with Indian mining giant Adani to sell Linc's Galilee thermal-coal property in Queensland for $500M, plus royalties, in the biggest acquisition by India of an Australian asset.[12]
In 2012, in a world-first, Bond flew 4,000km across Australia in a jet powered by the fuel produced at Linc Energy's gas to liquid plant in Chinchilla.[13]. The company a signed memorandum of agreement with BP for its jet fuel and was heralding the ability to produce 250,000 litres of jet fuel a year.
The following year Bond signed a deal with Russian Billionaire Roman Abramovich to explore gas to liquid opportunities in Russia[14], after the two met in a Brisbane restaurant - a meeting which was even covered by major international news outlets, including Fox News.[15]
In July 2014, the company announced that it had gained initial approval from the Ministry of Environment of Poland to commence an underground coal gasification project and that the company has been awarded its third coal exploration license in Poland.[16] Also in July 2014, Linc Energy announced plans to commence drilling wells to prove up deeper parts of the Arckaringa Basin.[17]
After Linc Energy entered voluntary administration in 2016, Bond put his energy into the restoration of Dunk Island[18], before starting renewable energy business, Infinite Power.[19]
Personal Life
Bond has six children with his ex-wife Louise.[20] He is no relation to Australian business person Alan Bond.
Television
Bond appeared on the Australian version of The Secret Millionaire, a television program in which prominent millionaires go undercover in impoverished communities and give away substantial sums of money to help those in need. Bond’s appearance and $300,000 donation were widely praised as being among the most generous of the series.[21] His experience on The Secret Millionaire led him to strike up a friendship with Russell Crowe and launch a television production company called Rough Diamond. Rough Diamond also included a community foundation which received part of the company's profits.[22] Rough Diamond, under Bond's guidance, was best known for producing the documentary series 'Where it all Began' - a series of "Real life, true stories of “the Aussie battlers” who against all odds came out on top".[23]
References
- ↑ Heathcote, Andrew (27 May 2012). "Could you be next?". The Sydney Morning Herald. Retrieved 29 Nov 2021.
- ↑ "Linc Energy CEO and Dunk Island owner Peter Bond challenges tourism officials to sell the Sunshine State better". Sunday Mail. News Corp. 12 September 214. Retrieved 29 November 2021.
- ↑ Hutchens, Gareth (9 July 2011). "Enough drive to shape Australia's future". Sydney Morning Herald. Retrieved 22 November 2021.
- ↑ "Gov.uk". Retrieved 29 November 2021.
- ↑ "Who's Who". Retrieved 25 November 2021.
- ↑ Hutchens, Gareth (9 July 2011). "Enough drive to shape Australia's future". Sydney Morning Herald. Retrieved 22 November 2021.
- ↑ Hutchens, Gareth (9 July 2011). "Enough drive to shape Australia's future". Sydney Morning Herald. Retrieved 22 November 2021.
- ↑ "The man behind Linc Energy's comeback". CNBC. 2014-08-22. Retrieved 2021-12-06.
- ↑ "Linc pilot flows first GTL fuel". Upstream Online. NHST Media Group. 14 October 2008. Retrieved 6 August 2009.
- ↑ "AFC Energy raises new cash but parts with MD". International Business Times. 13 October 2010. Retrieved 22 November 2021.
- ↑ "AFC deploys operational alkaline fuel cell with Linc Energy in Australia". Renewable Energy Focus. Elsevier. 30 June 2010. Retrieved 29 September 2012.
- ↑ "Linc Sells Coal Asset to Adani". The Wall Street Journal. 3 August 2010. Retrieved 29 November 2021.
- ↑ "Taking a ride on a coal-fuelled plane". Brisbane Times. Fairfax. 8 May 2012. Retrieved 29 November 2021.
- ↑ "Abramovich's Investment Vehicle Scores Clean Energy Deal". Wall Street Journal. 20 June 2013. Retrieved 29 November 2021.
- ↑ "Eat Like a Billionaire". Fox News. 31 December 2012. Retrieved 29 November 2021.
- ↑ Dodson, Sam (15 July 2014). "Underground coal gasification project in Poland clears hurdle". Palladian Publications. World Coal. Archived from the original on 29 July 2014. Retrieved 29 July 2014. Unknown parameter
|url-status=ignored (help) - ↑ "Australia: Linc Energy to commence drilling 103 Billion BOE Arckaringa Basin in South Australia". energy-pedia news. 3 July 2014. Retrieved 29 July 2014.
- ↑ "Queensland islands take a big hit from Cyclone Debbie". The Australian. 15 April 2017. Retrieved 29 November 2021.
- ↑ "Infinite Power".
- ↑ "Clive Palmer snaps up Peter Bond's Brisbane trophy home for a bargain price". Retrieved 22 November 2021.
- ↑ "Ten Questions: Peter Bond". The Australian. News Ltd. 25 April 2011. Retrieved 29 November 2021.
- ↑ "TV bid by giving mining magnate Peter Bond". Perth Now. The West Australian. 19 April 2011. Retrieved 29 November 2021.
- ↑ "Where it All Began". 29 Nov 2021. Archived from the original on 21 February 2020. Retrieved 14 December 2021.
Category:Australian businesspeople
Category:Australian mining businesspeople
Category:Australian mining entrepreneurs
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