Environmental Clean Technologies Limited (ASX: ESI) (ECT or Company) is pleased to provide the following update on its assessment of Victorian fuel supply opportunities.
Further to both the Company’s shareholder update of 25 Nov 2015 and information provided during its AGM on 27 Nov 2015, a range of Coldry product trials have progressed in the Victorian market, with positive results.
These positive initial results are driving the continuation of testing over coming months, with the objective of gathering Coldry pellet performance data across a range of combustion systems, for comparison against incumbent fuels.
Managing Director, Ashley Moore stated “This continued, encouraging feedback, has provided additional confidence as we commence scoping potential Pilot Plant R&D improvements with the aim of delivering higher volume test capability. With successful profiling of the potential consumer base, Coldry produced during that R&D work could be sold, generating revenue to help offset our R&D expenses. This also provides important performance information on Coldry pellets as a combustion fuel in a range of combustion systems, and allows us to continue to innovate with the aim of tailoring Coldry pellet quality and performance to the needs of different customers and systems.”
For further information, contact:
Ashley Moore – Managing Director firstname.lastname@example.org