Environmental Clean Technologies Ltd Stock Market Press Releases and Company Profile
Environmental Clean Technologies Limited (ASX:ESI) Signs Memorandum of Understanding with K-Coal of Korea
Environmental Clean Technologies Limited (ASX:ESI) Signs Memorandum of Understanding with K-Coal of Korea

Melbourne, Jan 16, 2012 AEST (ABN Newswire) - Environmental Clean Technologies Limited (ECT or Company) (googlechartASX:ESI) advises that following meetings in South Korea it has signed a Memorandum of Understanding (MoU) with Korean based energy company K-Coal Co. Ltd. The MoU provides KCoal with exclusive sales and marketing rights into Korea for ECT's Coldry technology.

ECT Chairman and Managing Director Mr. Michael Davies stated, "K-Coal is well positioned to participate in supplying Coldry coal into the very large and growing thermal coal consumer industry in Korea. K-Coal will build on the very strong relationships its parent company S&J Group has with the major energy companies in the region".

S&J Chairman Dr. Kim Sung-Ryeal commented "S&J Group evaluated numerous coal drying technologies before we decided on Coldry. We like the fact that Coldry utilises a low temperature and low-pressure process, which means that the water released, is clean. S&J Group is a clean energy company and this is important to us. Also we are confident that ECT's Coldry process is cost effective when compared to other technologies."

S&J Group is a diverse, Busan Korea based group of companies. S&J have interests in Energy Distribution, Food Production, Leisure, Clean Technologies and Information Technology.

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

Mike Davies
Managing Director
+61 3 9684 0888
info@ectltd.com.au



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