If you read the last quarterly , Whilst it does not mention the 1000 tpa ,it does shed some light on to most of your questions . At the date of this report, project planning is well advanced, site layout is being finalised, and vendors shortlisted. The Company continues discussions with other partners and will update the market as and when they become certain.
The formic acid plant will demonstrate the production of formic acid (HCOOH) from the syngas product stream. Formic acid is a liquid organic hydrogen carrier that provides a safer, lower-cost hydrogen transport alternative1 to ammonia or cryogenic hydrogen. In addition, it is also a product in its own right, used as a livestock feed preservative, amongst other applications.
Once installed, the process will be the largest hydrogen production capability from lignite. Add to that the largest demonstration of low emission electricity from lignite syngas, and we have a site of national significance. ECT shareholders and GrapheneX should be proud of this proposed development, and the facility’s national profile will support increased industry and government interest.” The Project, similar to the HESC2 project, aims to be a fully integrated supply chain solution for hydrogen. However, the key difference for ECT’s project is that, instead of focusing on high purity hydrogen, it will focus on hydrogen derivatives, which solve the immediate storage and transportation challenges. In addition, the Project does not require the CCS infrastructure planned to curtail emissions for Blue Hydrogen projects. By eliminating two of the biggest challenges facing the immediate deployment of hydrogen production plants, the Project allows ECT and GrapheneX to focus on technical scale-up, commercial optimisations and further emissions and waste improvements.
Latrobe Valley Net Zero Emission Hydrogen Refinery (“Latrobe Valley Project”) The Company has focused on improving the site acquired in February 2022 at Yallourn Drive, Yallourn, focusing on on-site safety and security and essential upgrades to allow for utilities and services to support the tenancy of the buildings.
The site has been acquired primarily to host the deployment of the Company’s proposed headline Latrobe Valley Net Zero Emission hydrogen refinery project, which aims to deliver: • Net-zero emission hydrogen: supporting the energy transition needed to achieve emission reduction targets • Critical minerals: supplying the crucial battery storage and industrial minerals market • Agricultural char: supporting national agricultural industry through soil health and productivity • Other valuable products: including high-value carbon and minerals products
Project approvals and licensing works program continued over the quarter, with a series of community engagement activities commencing in support of the required communication programs under the EPA approvals pathway program that will expand as required. Advisory firm Grant Thornton was engaged to support ECT in developing a full feasibility package for the Latrobe Valley Project. This work will start by the end of July and aims to be completed by the end of that same quarter.
ECT Price at posting:
2.6¢ Sentiment: Hold Disclosure: Held
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