There is another company I have shares for, AUH.
They were also doing the 'coal to green hydrogen/fertiliser/chemicals' thing.
The amount of $250 million for the cost to build the infrastructure began to be bandied around.
A financial feasibility study of the project was then conducted by some firm called 'Fortress Capital'.
The findings of the study were not released.
AUH's coal to green product project has not gone ahead. Though this might lead one to conclude that the study was not released because it contained bad news about the project's viability, all one can do is guess until it ever is.
There is now a rather strikingly similarity to what AUH and ECT both do but what is interesting is that AUH was slightly ahead in their project's timeline than ECT was so it's interesting to watch what AUH is doing now in relation to what ECT might do next........
(AUH has gone a bit vague about what is ahead but seems now to be thinking about just selling the coal.)
Truck full of lignite anyone?
There is another company I have shares for, AUH. They were also...
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