"
Furthermore, ECT is finalising the terms of a Heads of Agreement for an exclusive negotiation/due diligence period for the acquisition of a waste-to-energy (WTE) technology which aims to use Coldry as the feedstock to produce diesel, asphalt and bitumen....
The purpose of this potential acquisition is to increase the Company’s exposure to higher margins via the deployment of value-added downstream technology within the Latrobe Valley Coldry project currently under feasibility. The technology is suitable for deployment globally as an integrated Coldry-enabled WTE application."
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https://www.americanchemistry.com/Energy-Recovery/
"
One source of energy derived from plastics could further expand the diversity of America's energy supply. Technologies today are able to recover the energy contained in plastics. Plastics have a high energy content that can be converted to electricity, synthetic gas, fuels and recycled feedstocks for new plastics and other products of chemistry.
Recovering this abundant energy also reduces waste sent to landfills and complements plastics recycling. Energy recovery is rapidly becoming viewed as another source of clean or renewable energy."
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https://www.theguardian.com/environ...s-countries-sign-plastic-waste-deal-except-us
Last Friday..."historic" agreement announced.
"Almost all the world’s countries have agreed on a deal aimed at restricting shipments of hard-to recycle plastic waste to poorer countries, the United Nations announced on Friday...
Rolph Payet of the United Nations Environment Program called the agreement – signed by 187 countries in Geneva, Switzerland, under the convention – “historic”, because countries will have to monitor where plastic waste goes when it leaves their borders. Payet said the negotiations, which began 11 days ago and brought together 1,400 delegates, had gone much further than anticipated."
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The above is
very bullish for WTE techs that
utilise plastics. I'm not saying the WTE tech ECT are looking at is plastic related - but all potentially economic WTE techs will benefit imo.
Certainly very interesting developments last ECT Ann.
"
Prominent Indian national to take up the role of Head of Business Development – India".
Why would a prominent Indian want to join
microcap ECT - unless something "prominent" was a near certainty? NLC have been very agreeable in recent months.
"
The technology is suitable for deployment globally as an integrated Coldry-enabled WTE application."
ECT have highlighted in past Ann that
land in India for Coldry-Matmor type projects is
extremely difficult to find.
NLC have the land, lignite, $, connections,
waste heat & incentive to see this project through to potential commercialization.
Also, re NLC & LV (Indonesia etc etc) - Waste To Energy - look at the above articles. Imo - Emerging potential economic WTE techs have the potential to create a "lithium" type
sector sentiment. Look at Fridays " historic" agreement:
"which began 11 days ago and brought together 1,400 delegates, had gone much further than anticipated."
There is a definite
urgency here.
Regardless of whether the prospective ECT WTE tech is
plastic related, ASX listed WTE techs are IMO very very likely to be in favour as result of Fridays "historic" agreement.
https://en.m.wikipedia.org/wiki/Brabag
Lignite to diesel is
not new. Apparently at one stage about 10% of Hitler's diesel came from brown coal (lignite). Hitler didn't care whether the process was economic or not. He just needed diesel at any cost. So obviously, the likely emerging WTE (diesel etc) sector will be heavily scrutinized for the likely
economic/commercial winners. NLC would be an ideal partner & I would imagine the LV project will attract more interest considering the LV deposit is known as the world's best for several reasons.
What competitive advantage does Coldry have? Primarily
waste heat utilisation. The downfall of numerous lignite drying techs has always been the cost of drying the lignite. Just maybe - Coldrys "value adding" moment to shine has finally arrived?
"
the potential transaction (WTE) has been progressed sufficiently to warrant a suspension in its own right, subject to full agreement and signing of the Heads of Agreement."
Another positive re the WTE Ann is it seems ECT can
stay in suspension until favourable circumstances line up. Nice indeed.
So how will the potential WTE acquisition be
financed? ECT staff/directors have significant stock holdings
in & out of the ELF. So I'd be confident they will be very mindful of dilution.
In a recent post I said that I don't think NMDC are "waiting us out" until we go broke. That confidence grows enormously if the WTE acquisition eventuates.
Interesting week(s) are upon ECT. NMDC news? "Prominent Indian national" appointment? WTE acquisition details? Just maybe ECT are moving from the back seat into the driver's seat? All imo.
tick tock...