Investor News

Feasibility Study Proves Up-Scale Capabilities

Environmental Clean Technologies Limited (ASX:ESI) is pleased to announce the successful completion of the feasibility study, undertaken with Arup (design) and McConnell Dowell (capital cost estimates), for the construction of its 150,000 tonne per annum Coldry demonstration plant, that will comprise lignite dewatering and recovery of Class A water.

The demonstration plant design and cost provides for instrumentation and controls, such that the plant operational parameters can be optimised and these optimised parameters used for design of future plants.

Arup Principal, Mr Harry Watson said today; "It is technically feasible to up-scale the process and our approach maximises the benefit of the plant for the development of the Coldry process."

ECT Chief Executive, Kos Galtos said; "The study considers the technical issues associated with up-scaling and provides a capital cost estimate for the demonstration plant, which has proven its financial feasibility to ECT."

John Hearst, General Manager Mechanical of McConnell Dowell said it had worked very closely with Arup in the preparation of an accurate budget for this new and exciting project and saw this as an "environmentally important project delivering a reduced carbon emission solution to the coal fired power station industry, as well as the dried coal export market while delivering new employment opportunities for Victoria".

As a result of having a clear capital cost strategy developed, ECT has initiated the production of an Information Memorandum, with Phillip Capital coordinating the contributions of all its strategic partners, to support the raising of investment directly into the project vehicle.

If you have any queries, please do not hesitate to contact the Chief Executive, Kos Galtos on +61 (0)3 9909 7684.