The future for Coldry

As a shareholder in ECT I have become increasingly concerned about the continuing low thermal coal price and the “pull back” in some large economies on the use of coal for electricity generation. Whilst we will continue to see, for some decades, thermal coal used for power generation in India, Japan, Indonesia and China, thermal coal consumption has peaked and the rate of decline in its use will only increase.
In this context, ECT should be communicating much more with shareholders and the wider market about the use of Coldry as a “gateway” product. That is as an efficiently dried coal product to be used for upgrading into much higher value energy and chemical products than thermal coal.
ECT has announced, via a Shareholder Update on 5th June 2015, an alliance with Coal Energy Australia which may lead to the joint development of a front-end drying solution for pyrolysis applications. As shareholders we should demand to learn more about this new and potentially very large commercial opportunity for Coldry technology.