Environmental Clean Technologies Limited (ASX:ESI) Advancing Matmor In Attractive Markets
Melbourne, May 19, 2010 AEST (ABN Newswire) - Environmental Clean Technologies Limited (
ASX:ESI) wishes to announce it has received the independent report titled Advancing Matmor: Identifying Attractive Markets, which delivers on the market analysis recommendations made by HATCH in their technical analysis announced on 15 February 2010 (Matmor Advancement Update).
The report, prepared by Melbourne based energy and resources consulting firm NEGOTIACTION, identifies niche, high margin opportunities that are not being exploited by traditional or emerging technologies and provides additional support for the ongoing development of the Matmor technology.
Matmor's unique retort design uses low rank coals (lignite and sub-bituminous coal) to produce a high quality, high purity and high iron content product.
ECT Chairman Mr David Woodall commented;
"There are several factors in favour of Matmor - a significant increase in steel demand throughout Asia and India, increasing input prices, and the need for a low-cost operation that can be deployed at a regional level. In addition, Matmor has the potential to deliver environmental benefits with greater energy efficiency and reduction in emissions."
Mr Kos Galtos, ECT Chief Executive said;
"The Matmor process continues to show significant potential. The Independent Marketing Report and preliminary Technical Report confirms our belief that the market dynamics are very favourable for the deployment of Matmor. Given the intricacies of the process there are variables which we, in conjunction with our technical partners, will work through in a disciplined and methodical fashion to achieve our goal of commercialisation"
"Pending technical advances being made in our gap closure campaign and the results of our ironbearing media and low rank coal testing program, ECT will seek partners with which it intends to pursue the development of a pilot scale plant."
About Environmental Clean Technologies Ltd
Environmental Clean Technologies Limited (ASX:ECT) bridges the gap between the current high emission reality and the zero-emission world of the future. ECT's technology aims to play a key role in the transitional pathway to net zero by utilising abundant low rank and waste fuel sources in a new, clean way. ECT's technology suite creates clean and reliable applications and products for the energy, agricultural and industrial sectors.
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