Environmental Clean Technologies Limited (ASX: ECT) is pleased to announce the signing of a binding Joint Venture Agreement (JVA) with GrapheneX. This agreement supports the rollout of Phase 2 of ECT’s Bacchus Marsh COLDry project to deliver a world-first demonstration of ECT’s proposed commercial-scale net-zero hydrogen and electricity production. The JVA upgrades will enable the first-of-a-kind demonstration of low emission electricity production from syngas and the generation of hydrogen derivative products from lignite and waste biomass blends, making it the largest demonstration of its kind in Australia. The formic acid plant will demonstrate the production of formic acid (HCOOH) from the syngas product stream. Formic acid is an important platform chemical that has numerous applications in the chemical and agricultural industries, as well as in the leather industry. Additionally, it can be used to transport hydrogen safely and cost-effectively in an energy-dense liquid carrier form to a customer site where the hydrogen can be released for industrial use or as a transportation fuel, replacing fossil fuels.
