New energy company Eden Energy (ASX: EDE) April 18 announced to...

New energy company Eden Energy (ASX: EDE) April 18 announced to the market, the establishment of a wholly owned subsidiary in the United States EdenCrete Industries program has made Georgia government incentive programs up to 32 million Australian dollars of financial support.

ACB News "Sino FINANCE Online" report, Eden's latest announcement shows that the total amount of financial support EdenCrete items obtained from the incentive plan of up to $ 24.76 million (32.3 million Australian dollars), including $ 11.59 million of government funding, as well as Georgia Augusta Industrial Park value $ 13,170,000 within 45 hectares of industrial land. April 1, Eden Eden Crete after the disclosure of technical access to important commercial orders in the United States, stock prices continued to rise. Since this month, ASX shares hit a 500% increase, the latest price reported 0.29 Australian dollars.



It is reported that, EdenCrete Eden will mainly produce carbon-based energy research and development of concrete additives. Such additives can improve various properties of concrete, and significantly improve the strength of concrete, so that it not only can be used for building roads and bridges and other infrastructure facilities, but also widely used in high-rise buildings, marine and coastal facilities, reservoirs, pipes and precast concrete structures concrete and other demanding fields. Georgia Department of Transportation confirmed that after using the test, Eden concrete carbon-based additive to enhance the compressive strength of the concrete can be 45.8%, the wear rate decreased 56%, and has been approved for a Class B license Eden concrete and 24-hour mix of products used in road repair agent service. In addition, other large concrete manufacturers and end users of the product is also more recognized, earlier this year, EdenCrete has identified its first commercial transactions in Georgia. EdenCrete additives production will be mainly sold to the North American market, the United States each year are a lot of highway maintenance and other infrastructure projects, a huge demand for concrete. At the same time, EdenCrete plant near Savannah harbor is the third largest port, will boost exports to South America, Europe, Africa and the Middle East, so that the company exports Eden EdenCrete become a bridgehead. Announcements, EdenCrete plant project located in Augusta, Georgia area, the project is currently in the first phase of the project will be divided into four stages of construction. The first phase of the project totaling approximately $ 67 million of capital investment, scheduled for completion in late 2018 to early 2019 period, after the completion of the annual output is expected to reach 189 million liters. Eden Energy Australia is set research and development of clean energy production, storage and transportation services in the new integrated energy company, in May 2006 in the ASX listing. The company is headquartered in Perth, Australia, the other in the United States and India has three wholly-owned subsidiaries. Eden Energy is currently the main business products are carbon nanotubes and carbon fiber, nano-concrete admixtures, as well as hydrogen fuel storage and transportation systems.