Environmental Clean Technologies Ltd Stock Market Press Releases and Company Profile
Environmental Clean Technologies Limited (ASX:ESI) Advancing Matmor In Attractive Markets
Environmental Clean Technologies Limited (ASX:ESI) Advancing Matmor In Attractive Markets

Melbourne, May 19, 2010 AEST (ABN Newswire) - Environmental Clean Technologies Limited (googlechartASX:ESI) wishes to announce it has received the independent report titled Advancing Matmor: Identifying Attractive Markets, which delivers on the market analysis recommendations made by HATCH in their technical analysis announced on 15 February 2010 (Matmor Advancement Update).

The report, prepared by Melbourne based energy and resources consulting firm NEGOTIACTION, identifies niche, high margin opportunities that are not being exploited by traditional or emerging technologies and provides additional support for the ongoing development of the Matmor technology.

Matmor's unique retort design uses low rank coals (lignite and sub-bituminous coal) to produce a high quality, high purity and high iron content product.

ECT Chairman Mr David Woodall commented;

"There are several factors in favour of Matmor - a significant increase in steel demand throughout Asia and India, increasing input prices, and the need for a low-cost operation that can be deployed at a regional level. In addition, Matmor has the potential to deliver environmental benefits with greater energy efficiency and reduction in emissions."

Mr Kos Galtos, ECT Chief Executive said;

"The Matmor process continues to show significant potential. The Independent Marketing Report and preliminary Technical Report confirms our belief that the market dynamics are very favourable for the deployment of Matmor. Given the intricacies of the process there are variables which we, in conjunction with our technical partners, will work through in a disciplined and methodical fashion to achieve our goal of commercialisation"

"Pending technical advances being made in our gap closure campaign and the results of our ironbearing media and low rank coal testing program, ECT will seek partners with which it intends to pursue the development of a pilot scale plant."

About Environmental Clean Technologies Ltd

Environmental Clean Technologies LimitedEnvironmental Clean Technologies Limited (ASX:ECT) is in the business of commercialising leading-edge coal and iron making technologies, which are capable of delivering financial and environmental benefits.

We are focused on advancing a portfolio of technologies, which have significant market potential globally.

ECT's business plan is to pragmatically commercialise these technologies and secure sustainable, profitable income streams through licencing and other commercial mechanisms.

http://www.linkedin.com/company/398938 abnnewswire.com 


Contact

Kos Galtos
Chief Executive
Tel: +61-3-9684-0888
Email: info@ectltd.com.au



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