Coldry Intellectual Property Update On 21 October we updated the market on the granting of an Innovation Patent for Coldry and our view of the �opposition� to the Coldry Patent in Australia. Click here to read more. back to top TinCom Update:
Following on from a formal engagement here in Melbourne with Vietnam's Ambassador (pictured) in September TinCom Chairman Thang Van Luong and Project Director Lihn Vu Dac will be in Melbourne over coming weeks to progress the Victoria Coldry Project. Accompanying TinCom is a senior delegation of Chinese power station representatives who will be touring the Coldry Pilot Plant and Loy Yang power station on Friday 5th November. Per previous announcements to the market, the next stage in the Victoria Coldry Project involves the Localisation study, detailed engineering and design, scheduled to start before the end of the year. back to top Coldry can help achieve new Victorian Climate Change targets The following article appeared in a recent edition of The Mining Chronicle: We at innovation company Environmental Clean Technologies might hold the domain name cleancoal.com.au, but we�re the first to admit there really is no such thing. What we are in the business of is cleaner coal, and our revolutionary brown coal drying technology known as Coldry, is not only less CO2 intensive than brown coal, but game changing in the context of brown coal resource value and energy security. We have an economically viable, immediately deployable brown coal drying solution capable of producing a black coal equivalent (BCE) fuel suitable for export to the lucrative thermal coal market. The export market has been our focus to date due to lack of clear domestic policy around carbon emissions. We recently signed a multi-million dollar license agreement with Vietnamese company TinCom to create a business which will process and export two million tonnes a year of Coldry from Victoria to Vietnam from early 2014, expanding up to 20 million tonnes a year in its first decade of operations. However, we believe Coldry is a perfect solution for any Government committed to aggressively pursuing emissions reduction while still recognising coal will still be a major part of the energy mix for decades to come. The Victorian Government has recently taken the lead in this country, with the release of its Climate Change Policy committing to 20% emissions reduction by 2020 compared to 2000 levels - the equivalent of a 40% cut per person (factoring in population growth). It also includes shutting down the Hazelwood Power Station in the Latrobe Valley � considered Australia�s �dirtiest� power plant � in order to make way for better technologies. It�s an ambitious target that calls for radical action and new technologies. Their action plan is broad and importantly seeks to achieve reductions via an open book, least-cost approach. This is great news for ECT as we�ve done our numbers and are confident Coldry will be the most cost effective drying solution on the market. This is important when you consider Government policy now requires any new coal fired power station to emit no more than 0.8t CO2 per MWh, compared with the 1.3 to 1.5 tonnes currently emitted. This means the time is right for ECT to position Coldry as a powerful player in a carbon constrained energy future, not only in Australia, but also around the world. Coldry is a �gateway� technology for cutting carbon emissions by 30 to 50 per cent when coupled with new state-of-the-art power stations in brown coal-based electricity markets like Victoria. A Coldry enabled solution Coldry, as a front-end drying solution to proven, state-of-the-art black coal (not brown coal) power station technologies like PC/USC or IGCC could replace Hazelwood�s 1600MW baseload capacity, reducing CO2 emissions by more than 7 million tonnes a year. This is equivalent to: A reduction of over 40% on existing emissions from Hazelwood Accounts for more than 10% reduction on emissions from all brown coal-based electricity in Victoria Represents a 4% reduction on Australia�s total emissions of 207 million tonnes a year from electricity generation Coldry�s efficiency lies in the natural exothermic chemical reaction, which actively expels physically and chemically trapped moisture and the use of low-grade waste heat from a co-located power station to achieve cost-effective evaporative removal of the expelled moisture. It also helps to �drought proof� the co-located power station � because water captured via the process is usable without costly treatment. Our figures based on replacing Hazelwood indicate we can recover up to 4 billion litres of water, while simultaneously reducing evaporative loss from the cooling towers of the power station itself. The Coldry plant can therefore reduce the need for the power station to take water from the local rivers. Moreover, it�s estimated there are 500 years� worth of brown coal in Victoria waiting to be mined. Until Coldry, these reserves were black coal�s �poor cousin� � too waterlogged and prone to spontaneous combustion making it uneconomic to export and dangerous to store. It�s not a solution that�s been developed in a hurry to meet the current Government challenge. Coldry technology has been years in development and has been subject to rigorous scientific, engineering and environmental investigation. With all this in mind, we welcome the latest moves by the Victorian Labor Government to aggressively pursue emissions reduction, which improves certainty and lays the foundation for potential deployment of cost-effective domestic CO2 reduction initiatives. We look forward to working openly with the Government to make Coldry a priority consideration, especially with news Hazelwood Power Station is to be phased out. There�s no turning back: the world needs new energy sources to meet surging demand. Using ECT�s revolutionary Coldry technology, we have an affordable, incremental solution. As long as the world is burning coal, lets burn it better.
ESI Price at posting:
2.3¢ Sentiment: LT Buy Disclosure: Held
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