Why did EGL shares open the new year with a 15% lift.
Maybe EGL's role in the exploding lithium industry contributed.
On December 8, 2021, EGL CEO, Jason Dixon, posted a 27pp Investor Presentation. While the document features the group's PFAS water pollution breakthrough, it canvasses opportunities in the air pollution sector as well.
EGL's TAPC/Total Air Pollution Control division designs, manufactures and services flue gas treatment systems.
"The market for pollution control equipment appears to be rebounding with a solid tender pipeline and increased work in hand from 30 June 2021", the Presentation says.
"TAPC were awarded the FLSmidth Pty Ltd contract for the emissions systems design and supply for a Lithium refinery for $5.2m."
And this: "TAPC is proving to be a leader in the emissions control systems systems for specialist plants which produce minerals for the renewable energy sector."
The FLSmidth lithium contract is important. It represents ~10pc of EGL's 2021 turnover. As the lithium industry matures, EGL seems well-placed to score more revenue-boosting contracts.
EGL Price at posting:
34.0¢ Sentiment: Hold Disclosure: Held
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