Been overseas with little connectivity, so here’s a quick...

Been overseas with little connectivity, so here’s a quick catch-up…

May 4^th: Our Matmor engineers M N Dastur & Co. and World Steel Dynamics (North America) announce a strategic partnership.

“Macro-economic and market insights combined with deep know-how in iron & steel-making technologies, economics of operations & plant engineering … can alter the competitive landscape and create lasting competitive advantages for North American steelmakers.”

Chairman of M. N. Dastur &Co. said: “We believe that the foundation of tomorrow’s most competitive and innovative steel firms will be based on sustainable and optimal process technologies, operational excellence and compelling economics." [1]



Next month Dastur’s president, along with 700 business leaders from across the global steel industry, will attend World Steel Dynamic’s NY conference, he is on a 4-man panel with India’s $15 billion JSW Steel. The topic is China & Developing World: Colossus versus the Lilliputians. [2]

Bear in mind Trump wants to place a 25% import tariff on steel imports. Any lower cost alternative would surely be welcome IMO.

3 months later (as stated by @marcmarcoz) Dastur and JSW are joined by ECT’s Asley Moore in Dubai

• To showcase the latest innovations with a 360 degree coverage of the steel sector
• To launch and exhibit the Next Big Thing in the Steel Technology, Process, Product & Application
• To facilitate constructive dialogue between Innovators & Innovation Seekers to fuel new wave of innovations [3]

With the MPA signed and these upcoming interactions, I'm sure the board can stand proud and garner interest from other parties. Even if it's just to keenly watch India and LV develop into commercial success.

May 11: Swedish steel boss: ‘Our pilot plant will only emit water vapour’

“A new pilot facility under construction in northern Sweden will produce steel using hydrogen from renewable electricity. The only emissions will be water vapour, explains the CEO of Hybrit, the company behind the process, which seeks to revolutionise steelmaking.” [4]

Worried? Don’t be. They admit the process requires huge amounts of electricity and the final product will cost up to 30% more than traditional steelmaking.



Another reason ECT may have stepped back to 49% ownership is to due to the Foreign Direct Investment rules (FDI). This is the maximum amount of Foreign equity allowed in a coal / lignite PSU.


Just a guess. But it could help untangle problems further down the line.

Finally, here's an up-to-date satellite image of our BM plant as opposed to the old one on Google Earth. Not too much to see externally except the new out-feed incline conveyor /hopper and the coal bunker shelter.






Apart from this, nothing has changed with ECT-India since Feb. No planning permissions applied for. No new directors.


Toodlepip for now
GLTA
IMO








[1] https://economictimes.indiatimes.co...nnounces-partnership/articleshow/64030667.cms
http://www.worldsteeldynamics.com/
[2] http://www.amm.com/events/amm-steel-success-strategies/agenda.html
[3] https://hotcopper.com.au/threads/global-steel-innovations-event.4183246/?post_id=33001063
http://steelvia.com/
[4] https://www.euractiv.com/section/en...ilot-steel-plant-will-only-emit-water-vapour/

http://dipp.nic.in/investors/Investor Guidance/frequently-asked-questions