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If ECT licenses the technology, there is the potential to produce around 50M tonnes
Coldry with a royalty value of at least A$100M/year based on just 5% market penetration
(9 power stations), Mr Galtos said.
Selling and exporting the Coldry product or entering into a joint venture arrangement the potential to provide a significantly greater profit to ECT. ECT is now in the process of quantifying the China and South-East Asian markets.
This cost-effective process could not only assist in delivering economic and environmental outcomes for the state, but could deem Victoria the next
international hub for R&D on new energy technologies; a possibility that has been entertained by Premier John Brumby. The possibility of using Coldry pellets in coal-to-oil processes holds global implications not only for Victoria and Australia, but also for the United States and the rest of the world. ECT management is continuing discussions with a number of parties, some of whom have coal to oil technologies.
Analysts, notably Goldman Sachs, have conceded that the continuance of geopolitical tensions and instability in the Middle East raises the distinct possibility of oil rising to $USD95 a barrel before the year’s end, and even reaching $USD150 per barrel in the years ahead, as drilling becomes increasingly expensive.

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T.