The odds greatly improved yesterday that ECT will build plants in both Vic and India...imo.
IMO India will have a commercial scale coldry plant well before Victoria.
Demand exceeds supply to the point that margins on importing coal and then supplying to power stations becomes a secondary importance.
What will happen when margins of $40 can be expected from BCE Coldry production in India... uptake to a commercial plant 2 million ton will occur quickly.
Jeff is leading the Indian "route to market" business for ECT Coldry technology which is an economic method for dewatering low grade lignite and sub-bituminous coals, creating a high gade thermal (black) coal equivalent for local consumption or transport to export markets. Coldry can deliver superior financial and environmental benefits.
Greenard Willing are working with Yes Bank in India to establish Joint Venture Partnerships and capital raising for commercial scale projects in India.
Greenard Willing is also ECT's corporate advisors for the development of Coldry in Victoria, Australia.
