Having test burns in place was not a result of management...

Having test burns in place was not a result of management sitting around .
Think about the implications of these results from latrobe lignite if coldry is adopted locally.
YOU will be saying i should have bought more when the price was sub 2c

With thanks to LT88

Environmental Clean makes first local Coldry sale
(News Bites - Australian Stock Exchange) ? 09/02/2011


February 9, 2011 Wednesday

SOURCED FROM INFORMATION LODGED WITH THE AUSTRALIAN STOCK EXCHANGE

Environmental Clean Technologies Ltd expects to receive commercial revenue in March after signing its first local off-take agreement - with Maryborough based BAIC Protein - for Coldry pellets from its Bacchus Marsh pilot plant in Victoria.

The contract is to supply 2,000 tonnes per year for two years.

While the value of the deal was not disclosed, chief executive Kos Galtos told News Bites the list price was $125 per tonne.

He said the opportunity to generate even modest sales from the pilot plant would help offset costs.

"This is a real bonus as the Coldry pilot plant was never intended to be profitable.

"We often get asked if we have a commercial plant. Now we do," Mr Galtos said.

The company hopes to be highly competitive, particularly in western Victoria, Mr Galtos says.

BAIC processes and dries animal blood sourced from abattoirs to produce dry protein meal which is used as a feed supplement for livestock.

BAIC general manager Michael Mason said: "Following a series of test burns, we found that Coldry combusts much more thoroughly than briquettes in our furnace, resulting in less tonnage required to do the same job, and less waste material for disposal. That's good for business".

Environmental Clean expects to produce several thousand tonnes of Coldry in coming months for testing by domestic power stations in addition to the sale of pellets to BAIC.

The company owns the intellectual property for Coldry which, when applied to lignite (brown coal) and some sub-bituminous coals, mechanically simple process produces a black coal equivalent (BCE) in the form of pellets that are stable, easily stored, can be transported and which can be of equal or better energy value than many black coals, while significantly reducing CO2 emissions.

In June 2010 Environmental Clean signed a joint venture licence agreement with Vietnamese company Thang Luong Investment and Joint Stock Company (TinCom) for the export of Coldry from the Loy Yang power station, in the LaTrobe Valley, from 2014.

TinCom will promote the use of Coldry BCE pellets to Vietnamese power stations, as well as seeking opportunities to supply the energy needs of China and other emerging nations.

Environmental Clean expects that production of 2 million metric tonnes per annum (Mmtpa) of pellets by 2014 will generate $10 million per year revenue, based on $5 per tonne royalty.

This will increase in stages to 5, 10 then 20 Mmtpa by 2020, subject to Victoria delivering rail and port infrastructure upgrades, generating up to $100 million a year in royalty revenue for the company.

It also has a 10% undilutable, free carried equity in the joint venture vehicle.

STOCK DASHBOARD: February 09, 2011

Environmental Clean Technologies

Price at 3:00 pm: 2.50c