Environmental Clean Technologies (ASX:ECT) completes Yallourn property acquisition

• Environmental Clean Technologies (ECT) reaches settlement on a property to host the deployment of its headline hydrogen refinery project in the La Trobe Valley, Victoria
• The final payment of cash and shares was satisfied today, with the property lying adjacent to the Yallourn power station and mine complex
• It covers an area of 4.2 hectares and will allow the company to progress its full feasibility study
• ECT also announced its approval in European Union for a patent for its HydroMOR process
• Shares are trading 11.9 per cent higher today at 2.4 cents each

Environmental Clean Technologies (ECT) has reached a settlement on a property to host the deployment of its headline hydrogen refinery project in the La Trobe Valley, Victoria.

The final payment of cash and shares was satisfied today, with the property lying adjacent to the Yallourn power station and mine complex.

The project aims to deliver a number of objectives including net-zero emission hydrogen to support the energy transition, critical minerals to supply the battery storage market, agricultural char to support soil health and productivity, and other valuable products.

It covers an area of 4.2 hectares and will allow the company to progress its full feasibility study.

The property is located adjacent to the T15/16 upgrade, which is being developed by ECT and the owner of the Yallourn mine and power station, Energy Australia.

The company said the site’s suitability is reinforced by the fact that a previous lignite de-watering and briquetting project underwent significant site feasibility and planning approvals in 2013.

ECT also announced its approval in European Union for a patent for its HydroMOR process.

HydroMOR is a simple, low cost, low emission, hydrogen-driven technology that enables ‘low value’ feedstocks to produce primary iron.

Shares were trading 11.9 per cent higher today at 2.4 cents each at 3:00 pm AEDT.