Environmental Clean Tech (ASX:ECT) - NonExecutive Director, Tim Wise
NonExecutive Director, Tim Wise
Source: Melchor
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Environmental Clean Technologies (ECT) reaches settlement on a property to host the deployment of its headline hydrogen refinery project in the La Trobe Valley, Victoria
  • The final payment of cash and shares was satisfied today, with the property lying adjacent to the Yallourn power station and mine complex
  • It covers an area of 4.2 hectares and will allow the company to progress its full feasibility study
  • ECT also announced its approval in European Union for a patent for its HydroMOR process
  • Shares are trading 11.9 per cent higher today at 2.4 cents each

Environmental Clean Technologies (ECT) has reached a settlement on a property to host the deployment of its headline hydrogen refinery project in the La Trobe Valley, Victoria.

The final payment of cash and shares was satisfied today, with the property lying adjacent to the Yallourn power station and mine complex.

The project aims to deliver a number of objectives including net-zero emission hydrogen to support the energy transition, critical minerals to supply the battery storage market, agricultural char to support soil health and productivity, and other valuable products.

It covers an area of 4.2 hectares and will allow the company to progress its full feasibility study.

The property is located adjacent to the T15/16 upgrade, which is being developed by ECT and the owner of the Yallourn mine and power station, Energy Australia.

The company said the site’s suitability is reinforced by the fact that a previous lignite de-watering and briquetting project underwent significant site feasibility and planning approvals in 2013.

ECT also announced its approval in European Union for a patent for its HydroMOR process.

HydroMOR is a simple, low cost, low emission, hydrogen-driven technology that enables ‘low value’ feedstocks to produce primary iron.

Shares were trading 11.9 per cent higher today at 2.4 cents each at 3:00 pm AEDT.

ECT by the numbers
More From The Market Herald
The Market Herald Video

" Caprice Resources (ASX:CRS) intersects shallow gold at Island Gold Project

Caprice Resources (ASX:CRS) intersects shallow gold mineralisation at its first reverse circulation drilling program at the…

" Orion Minerals (ASX:ORN) raises $1.35m in SPP

Orion Minerals (ASX:ORN) has raised $1.35 million in its share purchase plan (SPP) to advance its…

" Future Metals (ASX:FME) to raise $5.5m for Panton

Future Metals (ASX:FME) has received firm commitments for a heavily oversubscribed $5 million placement.

" Firebird Metals (ASX:FRB) raises $3.5m to accelerate Oakover development

Firebird Metals (ASX:FRB) has received firm commitments to raise $3.5 million via a placement from sophisticated…