Environmental Clean Technologies (ASX: ESI) is in pre-open today following the ASX granting the company a trading halt, pending the status of the Advanced Lignite Demonstration Program.
In 2012, The Commonwealth Government and the Victorian State Government sought proposals from parties interested in developing pre-commercial demonstration scale, coal upgrading processes for raw lignite.
Up to A$90 million in funding was available to support projects assessed by the Commonwealth and Victorian Governments as addressing the program objectives.
Successful projects are expected to be announced in late 2013.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Monday 19th August 2013.
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