“Thermax are going to construct the planned Coldry commercial-scale demonstration project in India, and subsequent commercial rollout and development globally.”
“By integrating Coldry into their power station designs, they (Thermax) would be able to offer their existing suite of solutions to brown coal mine owners, which are higher efficiency, lower CO2 emitting assets.”
ECT Appoints Thermax as EPC partner for Coldry development Date: May 19, 2014
Environmental Clean Technologies Limited (ECT or Company) (ASX:ESI) is pleased to announce that it has signed a Heads of Agreement with Indian power station builder and energy engineering firm, Thermax (BSE:500411 and NSE:Thermax). Thermax will provide engineering, procurement and construction (EPC) services for the planned Coldry commercial-scale demonstration project in India, and subsequent commercial rollout and development globally.
Cost effective drying is the ‘gateway’ to higher value-added outcomes for lignite asset owners. For ‘downstream’ technology providers, it’s an enabler, creating new markets for their existing technology.
Thermax is a great example of this. They make power stations designed to use black coal. By integrating Coldry into their power station designs, they would be able to offer their existing suite of solutions to brown coal mine owners, which are higher efficiency, lower CO2 emitting assets.
ESI Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
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