Environmental Clean Technologies Limited (ASX:ESI) Achieves First Local Coldry Sale With BAIC
Melbourne, Feb 9, 2011 AEST (ABN Newswire) - Environmental Clean Technologies Limited (
ASX:ESI) is pleased to announce it has signed its first local Coldry sale with Maryborough based BAIC Protein, from its Coldry pilot plant in Bacchus Marsh, Victoria.
We announced previously (4th February 2011) that a local market study to identify potential sales had been completed and that we would be pursuing several leads.
Following commissioning over past weeks and the subsequent confirmation of the new, lower cost of production we have sought and achieved our first local sale.
ECT Chief Executive, Kos Galtos said the opportunity to generate even modest sales from the pilot plant will help underpin and off-set the cost of producing large sample quantities destined for both the domestic and global market.
"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. Michael Mason, General Manager of BAIC 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".
ECT Coldry Business Manager Ashley Moore added "The progress we've made with JC Steele's expert assistance has resulted in significant cost reduction, backing up and improving the economic modeling for our commercial scale plant design and by extension, the Victorian Coldry project".
The Company is scheduled to produce several thousand tonnes of Coldry in coming months to meet the needs of domestic testing by power stations in addition to the sale of pellets to BAIC.
About BAIC
Situated in Maryborough, central Victoria, BAIC are in the business of processing and drying animal blood sourced from abattoirs to produce dry protein meal. The protein meal is used as a high-value feed supplement for livestock.
BAIC operate a 4MW traveling-hearth furnace to generate the heat required for their process.
Coldry Test at BAIC
Several tonnes of Coldry, made from Maddingley coal, were supplied for testing in the traveling-hearth furnace.
For the complete Environmental Clean Technologies announcement including images, please view the following link:
http://www.abnnewswire.net/media/en/docs/65188-ASX-ESI-349925.pdf
About Environmental Clean Technologies Ltd
Environmental Clean Technologies Limited (ASX:ECT) is in the business of commercialising leading-edge coal and iron making technologies, which are capable of delivering financial and environmental benefits.
We are focused on advancing a portfolio of technologies, which have significant market potential globally.
ECT's business plan is to pragmatically commercialise these technologies and secure sustainable, profitable income streams through licencing and other commercial mechanisms.
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