Peter Bond Explained

Peter Bond
Birth Place:Camden, New South Wales
Nationality:Australian
Occupation:Mining and Energy Executive
Chairman of the Board, Infinite Power
Known For:Linc Energy, Dunk Island, Infinite Power
Children:6

Peter Bond is an Australian mining and energy executive, best known as the former Executive Chairman of Linc Energy and creator of the world's first synthetic crude oil. He is now a director of renewable energy company Infinite Power[1] and ranked among the most influential business executives in Australia in Who's Who Business.[2]

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.

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. Bond debuted on the Australian BRW rich list in 2008 with a net worth of $352,000,000,[3] made it to number 21 on the Sunday Mail Queensland Top 150 Rich List[4] and peaked as the 10th richest business person in Australia, with a net worth of $572,000,000.[5]

As a metallurgist, Bond always had an interest in mining technology and renewable energy, and in 2005 he took over Linc Energy,[6] 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.[7]

In 2012, in a world-first, Bond flew 4,000 km across Australia in a jet powered by the fuel produced at Linc Energy's gas to liquid plant in Chinchilla.[8] 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,[9] after the two met in a Brisbane restaurant – a meeting which was even covered by major international news outlets, including Fox News.[10]

After Linc Energy entered voluntary administration in 2016, following a court case which was later dropped,[11] Bond put his energy into the restoration of Dunk Island,[12] before starting renewable energy business, Infinite Power.[13]

Personal life

Bond has six children with his ex-wife Louise.[14] He has 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.[15] 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.[16] 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".[17]

Notes and References

  1. Web site: Infinite Power Company Limited, Company number 11325982 . 29 November 2021 . Companies House .
  2. Web site: Who's Who. 25 November 2021.
  3. News: Could you be next?. Andrew. Heathcote. . 29 Nov 2021. 27 May 2012.
  4. News: Linc Energy CEO and Dunk Island owner Peter Bond challenges tourism officials to sell the Sunshine State better . . News Corp . 12 September 214 . 29 November 2021 .
  5. News: Enough drive to shape Australia's future. Gareth. Hutchens. Sydney Morning Herald. 22 November 2021. 9 July 2011.
  6. News: 2014-08-22. The man behind Linc Energy's comeback. 2021-12-06. . en.
  7. News: Linc pilot flows first GTL fuel . . NHST Media Group . 14 October 2008 . 6 August 2009 . subscription .
  8. News: Taking a ride on a coal-fuelled plane . Brisbane Times . . 8 May 2012 . 29 November 2021.
  9. News: Abramovich's Investment Vehicle Scores Clean Energy Deal . . 20 June 2013 . 29 November 2021.
  10. News: Eat Like a Billionaire . . 31 December 2012 . 29 November 2021.
  11. Web site: 17 August 2021 . 'Seven-year witch hunt': Linc Energy case sensationally dropped . .
  12. News: Queensland islands take a big hit from Cyclone Debbie. . 29 November 2021. 15 April 2017.
  13. Web site: Homepage. Infinite Power.
  14. Web site: Clive Palmer snaps up Peter Bond's Brisbane trophy home for a bargain price. 22 November 2021 . www.realestate.com.au .
  15. News: Ten Questions: Peter Bond . News Ltd . The Australian . 25 April 2011 . 29 November 2021.
  16. News: TV bid by giving mining magnate Peter Bond . The West Australian . Perth Now . 19 April 2011 . 29 November 2021.
  17. Web site: Where it All Began . 29 Nov 2021 . https://web.archive.org/web/20200221094613/http://roughdiamondmedia.com/productions/where-it-all-began/ . 21 February 2020 . dead . roughdiamondmedia.com .