Environmental Clean Technologies Limited (ASX:ESI) advises that commercial negotiations with Victoria Capital, for the purchase up to 20M tonnes of Coldry per year for 20 years (Letter of Intent announced 18 November 2008) are progressing productively.
Environmental Clean Technologies Limited (ASX:ESI) advises that on 20 January 2009 The Australian Taxation Office (ATO) issued a cash refund (Research and development tax offset) including interest amounting to $263,307.90 to ECT in relation to the 2006 financial year.
Environmental Clean Technologies Limited (ASX:ESI) advises that it has issued 11,000,000 shares and 32,000,000 options to Fiori Pty Ltd (Fiori). The shares were issued at a price of 2 cents per share. The options (Options) are 2 free attaching options for each share issued on the capital raising and may each be exercised at any time prior to 16 January 2014 for one fully paid ordinary share at an exercise price of 2 cents.
Environmental Clean Technologies Limited (ASX:ESI) confirms that documentation to establish the A$10M Zero Coupon Convertible Note facility with Pacific Capital Value Fund has now been executed.
Environmental Clean Technologies (ASX:ESI) has today received back a signed Letter of Intent from Vietnamese based coal brokers, Victoria Capital, to supply 20M tonnes of Coldry to the company over the next 20 years.
Environmental Clean Technologies (ASX:ESI) has successfully recovered 100% of the iron from nickel tailings using its unique Matmor technology, making it an ideal feedstock for foundries and allowing companies to offset costs.
In 2007, China has become the world's largest producer in solar cells and the global output this year reached 4000.5 MWp. It is estimated that nearly 50 companies in China are constructing, expanding or planning Siemens improved production lines of polycrystalline silicon. The overall output is over 100,000 tons; the total investment is RMB 100 billion. China produced 1088 MWp solar cells in 2007, exceeding that of Japan (920MWp) and Europe (1062MWp).
