For the AGM, we should be asking about ECT’s progress in meeting...

For the AGM, we should be asking about ECT’s progress in meeting the Merit Criteria for the EOI and not just assume Coldry is a shoe-in

Remember what ECT said in August. ECT seems to understand
“Whilst there is no guarantee of attracting funding under the program, we are confident that our Victorian Coldry project meets the fundamental criteria. Furthermore, the ECT team is well equipped and totally committed to presenting a compelling case for the inclusion of Coldry technology in the grants program”.


It would be useful if ECT kept ESI shareholders informed of progress in respect of meeting the Merit Criteria.

The best technology may not be taken up, if the key Merit Criteria are not satisfied.


And here we are in November still arguing about Monash and cash, and about executive remuneration.


Look again my post, merit criteria for aldp and other q&as (Socrates44





6 August 2012: Environmental Clean Technologies (ASX: ESI) will apply for part of a $90 million government funding package announced last Friday, which has been designed to accelerate the development and commercialisation of new lignite upgrading technologies in the Latrobe Valley. The Advanced Lignite Demonstration Program (ALDP) has received bipartisan support from the state and federal governments in a move aimed at promoting technology innovation and development to reduce the historically carbon dioxide-intensive footprint of lignite use. By encouraging advancements in lignite upgrading technology the state and federal governments are able to facilitate new, lower emission uses for the vast, world-class Victorian lignite resource. Under the terms of the ALDP, funds will be allocated to companies, which can demonstrate precommercial coal upgrading technologies with the potential to deliver environmental and economic benefits.

Accessing funds under this program will help fast track commercialisation plans for selected
technologies and the companies progressing them.


ECT Managing Director, Mike Davies commented, “We welcome the funding program announced jointly by the state and federal governments on Friday and will apply. We see the program as a sensible, pragmatic way to drive the innovation and development of technology to mitigate the single most intensive carbon dioxide source in the Australian power generation sector.”

The ALDP is a competitive process and an independent panel will assess expressions of interest against a range of criteria. Successful applicants will then be invited to submit a formal, detailed proposal.

“Whilst there is no guarantee of attracting funding under the program, we are confident that our Victorian Coldry project meets the fundamental criteria. Furthermore, the ECT team is well equipped and totally committed to presenting a compelling case for the inclusion of Coldry technology in the grants program”.