K-Coal
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Post Date : 12-03-15 10:37
[2012.1.16] K-Coal signed MOU with Australian company ECT for coldry
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http://www.abnnewswire.net/press/en/71281/

Melbourne, Jan 16, 2012 (ABN Newswire) - Environmental Clean Technologies Limited (ECT or Company) (ASX: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 Limited

Environmental Clean Technologies Limited (ASX:ESI) is principally engaged in the research and development of
Coldry, the process of dewatering brown coal to produce a black coal substitute. Coldry process produces pellets that can be stored, transported and is of equal energy value than black coal.