Capital Raise covered by Australian Manufacturing Forum

Capital Raise covered by Australian Manufacturing Forum

ENVIRONMENTAL CLEAN TECHNOLOGIES RAISES CASH TO EXPAND

A rights issue is underway in which industrial technology group Environmental Clean Technologies (ASX:ECT) is seeking to raise between $2.75 million and $7.45 million for expansion.

The company is developing a number of technologies to upgrade low-grade materials such as brown coal as well as recover waste resources and turn them into new materials.

Its lead effort is the Coldry technology, hailed as the world’s most cost-effective lignite drying method, featuring zero direct-CO2 emissions.