ECT moves closer to commencing TinCom deal

Environmental Clean Technologies Limited wishes to advise it has made significant progress on the Thang Long Investment and Commercial Joint Stock Company (TinCom) opportunity.

ECT signed a Heads of Agreement with TinCom in March 2009 for the staged investment in a Special Purpose Vehicle (SPV) to establish a plant for the production of 20M tonnes per annum of Coldry over the next 30 years.

ECT has now received confirmation from Loy Yang Power that it is prepared to commence discussions for a MoU encompassing the provision of coal, services and a site package necessary to enable the project.