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.
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