- Environmental Clean Technologies’ COLDry technology is decarbonising lignite, also known as brown coal
- LaTrobe Magnesium has developed a low-cost, low-emission process of producing magnesium metal
- Hazer Group’s tech enables production of clean and economically competitive hydrogen and high-quality graphite
While resource stocks often dominate decarbonisation discussions, many ASX-listed companies are developing technologies and products to reduce CO2 emissions, which is as crucial as finding metals like lithium and copper for the net-zero transition.
Decarbonisation, the reduction of CO2 emissions, is critical for limiting global warming and has become a global priority, driven largely by the 2015 Paris Agreement, with the international treaty aims to limit global temperature increases to below 2°C above pre-industrial levels, with a goal of 1.5°C.
In Part 2 of our series on ASX companies advancing decarbonisation, we highlight additional leaders in the field.
Environmental Clean Technologies (ASX:ECT)ECT’s technology suite enables the adoption of net zero emission targets by decarbonising conventional resources to create net zero emissions energy, industrial and agricultural products.
ECT’s COLDry technology provides world-leading efficiency in drying high-moisture lignite at minimal temperature and pressure, offering a zero-emissions solution and enabling its use in a range of downstream applications to create low, net-zero and net-negative emission products.
Also known as brown coal, lignite has faced criticism and been linked to high CO2 emissions because of its high moisture content and extensive use in power generation.
However, ECT and its groundbreaking patented COLDry technology is looking to rehabilitate lignite’s reputation.
ECT is set to commercialise its COLDry demonstration facility at Bacchus Marsh in Victoria early next year to showcase its zero-emission process.
Victoria is home to one of the world’s largest lignite deposits, a vast resource of ~430 billion tonnes.
The company says its immediate focus is agriculture and it has teamed up with ESG Agriculture to produce a granulated lignite-urea product to benefit farmers
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