logo-loader
Tech
Environmental Clean Technologies Ltd

Environmental Clean Technologies clears approvals hurdle

au_india_map350_566df0c6b534c.jpg

Environmental Clean Technologies (ASX:ESI) has received the final clearance from the Indian government to advance development of Coldry and Matmor technologies.

The Coldry process is a patented coal upgrading technology while the Matmor intellectual property encompasses environmentally conscious brown coal-based and iron making technologies.

The government approval sets up demonstration and pilot stage operations for Coldry and Matmor technologies, respectively.

This will be achieved via a tripartite collaboration agreement with Neyveli Lignite
Corporation (India’s largest lignite miner and power generator) and NMDC (India’s largest iron ore miner).

The parties are currently working to confirm scheduling of key personnel for a signing ceremony to be held in India at the earliest mutual availability.

The agreement is expected to lay out the key activities needed to move forward with Coldry and Matmor development via an integrated project approach while allowing appropriate flexibility around key decisions involving business structures, investment, including timing and methods, and post-project ownership options.

Environmental Clean Technologies progress working with public sector undertakings in India is believed to be positioning the company for becoming a truly global company offering global engineering solutions.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Environmental Clean Technologies Ltd

Price: £0.00

Market: ASX
Market Cap: £0.00
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: TrueLeaf continues to see a bright road ahead for cannabis...

Trueleaf (CSE: MJ-OTCQX: TRLFF) Executive Vice President Tenzin Khangsar joined Steve Darling from Proactive Vancouver to talk about a big name in the cannabis world moving into the cannabis pet space. Khangsar also told Proactive about their push for cannabis legal for pets in Canada. 

4 hours, 7 minutes ago

2 min read