NLCIL, NMDC Sign Pact with Australia's Environmental Clean Technologies  | CORPORATE ETHOS

NLCIL, NMDC Sign Pact with Australia’s Environmental Clean Technologies 

By: | May 31, 2018
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May 31: Chennai-based NLC India Ltd (NLCIL) and NMDC Ltd signed a Memorandum of Understanding (MoU) with Environmental Clean Technologies Ltd (ECT) for the largest-ever joint R&D collaboration between Australia and India.

The signing of MoU and execution of the Project Agreement were carried out on 30th May, 2018 (Wednesday) in Canberra, Australia, the company said.

According to NLCIL, the project aims to jointly setup an integrated Coldry-Matmor pilot plant in India which will develop a low emission iron and steel process. The agreement sees the commencement of the next stage of development for ECT’s two proprietary technologies, Matmor which is the world’s first and only lignite (brown coal)-based primary iron making technology and Coldry, a unique, zero-emission, lignite upgrading technology capable of producing a solid fuel for use in power generation and industrial thermal applications. Coldry solid fuel is significantly less CO2 intensive than lignite.

The project entails two phases, commencing with an AUD 35 million R&D phase funded by the Indian partners, which aims to scale-up ECT’s Matmor and Coldry technologies to deliver an integrated pilot plant capable of producing about 2 tonnes of metal per hour.

“Following successful R&D outcomes, phase two involves commercial expansion, targeting an integrated steel making facility with a proposed capacity of 500,000 tonnes per annum and an estimated cost of AUD 300 million. The partners will then assess opportunities for global commercial expansion based on market assessment at that time,” the company added.

Speaking on the occasion, P Selvakumar, Director/P&P, NLCIL said that it was desired that lignite should also be used for alternative purposes. Coldry was a good technology for transforming lignite. He also said that this was an opportunity to work together with NMDC Ltd to achieve iron ore reduction as well, adding higher value to the resource through new applications.

‘NLC India Ltd’ (NLCIL) formerly Neyveli Lignite Corporation is a ‘Navratna’ profit making, Government of India Entreprise engaged in mining of lignite and generation of power through lignite based thermal power plants.

NMDC Ltd also is a state-controlled mineral producer. Its principal business is iron ore mining.

NLCIL shares were trading in red at Rs 84.10, down 1.29% from the previous closing of Rs 85.20, on BSE at 11.45 am today whereas shares of NMDC also were trading in red at Rs 119.50, down 0.29% from the previous closing of Rs 119.85, at the same time.