"The research and development component of the agreement is expected to cost about A$35 million, with NLC India and NMDC to fund 100%.
During this phase, Environmental Clean Technologies’ Matmor and Coldry processes will be scaled up to create an integrated Coldry demonstration and Matmor pilot plant, which will be tested for technical and economic feasibility at 2 tonnes of metal per hour.
If successful, the parties will develop a commercial scale facility with output capacity of around 500,000tpa steel.
The capital expenditure for a commercial facility is estimated at A$300 million, with the Indian partners to fund the project’s entire capital and operating costs."
https://*********.com.au/indian-gov...d-agreement-environmental-clean-technologies/
"The research and development component of the agreement is...
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