ECT Chief Executive Kos Galtos today delivered the keynote speech at the 6th Annual China Advanced Coal Chemical Summit.
The response from delegates? Overwhelmingly positive.
Mr. Galtos, along with ECT’s Coldry Business Manager Mr. Ashley Moore commenced their two-week roadshow with a special welcome at a State hosted dinner last night where they were toasted as honoured guests.
The Summit, attended by major Chinese companies in addition to multi-nationals, provides a forum for engaging with industry in a highly attractive market for Coldry.
“We are pursuing discussions with numerous local Chinese energy, resource and chemical industry companies in addition to potential local prefabrication partners. We’ve even been approached to explore a potential development around bio-sequestration via an algae-coal composite pellet,” said Kos Galtos.
With the Chinese economy growing by double-digits year-on-year renewable energy alternatives can’t cost-effectively deal with the base-load demand growth. Consequently China continues to build new coal-fired power assets at a rapid-fire rate.
This trend is pushing up black coal prices; making high-moisture, low rank coals an attractive option commercially.
By dewatering low-rank coals, their CO2 intensity is significantly reduced, mitigating the inevitable impact on the environment while helping to meet the need for coal driven applications.