Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Red Cross receives two coffins of deceased hostages...
Trump surgeon general nominee confirmation hearing postponed as...
Vance to meet with Duffy, aviation leaders as...
Once a trade war weapon, US soybeans return...
Republican senators blast FDA for expanding abortion pill...
Senate defies Trump on global tariffs as Republicans...
House Republicans divided over Obamacare as GOP eyes...
Thune, GOP reject pushing ‘rifle-shot’ government funding bills...
Trump’s fire fades on Russia as he pulls...
GOP lawmaker says backing Cuomo over ‘communist’ Mamdani...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

COLDry Fertiliser JV Seed Funding & Working Capital Secured

by admin December 18, 2024
December 18, 2024
COLDry Fertiliser JV Seed Funding & Working Capital Secured

Environmental Clean Technologies Limited (ASX: ECT) (‘ECT’ or ‘the Company’) is pleased to provide the following update on its joint venture project with ESG Agriculture Pty Ltd (“ESG”).

Highlights:

  • Funding Milestones:
    • ECT secured $482,488R&D Loan, including contribution for JV seed funding
    • ECT secured, subject to shareholder approval, $647,512in further funding
  • Project Advancements: COLDry Fertiliser process design completed and tested; field trials to follow
  • Project Finance Progress: Targeting completion in Q1 CY25
  • Leadership Transition: Sam Rizzo transitions to Non-Executive Director role for ECT and Zero Quest
Joint Venture with ESG

ECT and ESG have launched Zero Quest Pty Ltd, a joint venture with offices in Melbourne and Adelaide, Australia, focused on delivering innovative, zero-emission solutions for sustainable agriculture. As announced on 4 April and 15 July 2024 ESG is a solution provider of soil health products and advisory services, supporting growers on their practice change journey towards reducing their carbon footprint. ESG brings to the JV leading agricultural executives with proven results in engaging with growers and developing agricultural solutions. The collaboration with ESG spearheads the COLDry Fertiliser Project, a transformative initiative to reduce emissions and boost agricultural efficiency.

Key milestones:

  • Incorporation of Zero Quest Pty Ltd
  • Seed Funding: The partners have contributed $300,000
  • Field Trials Launch: Trials to begin immediately for the COLDry Fertiliser Project.

Zero Quest will be managed jointly by ECT and ESG, with Sam Rizzo (ECT) and Mark Scanlon (ESG) serving as foundation directors. Martin Hill, ECT’s CFO, will act as Company Secretary.

Field Trials and Strategic Goals

Zero Quest is set to conduct field trials with large-scale farmers across South Australia, Victoria, New South Wales, and the Philippines, evaluating diverse crop and soil types. The trials will be funded by the initial

$300,000 contributed by the JV partners and a further $100,000 that each of the JV partners are obliged to contribute in early 2025. Any additional capital raising (whether equity or debt) is to be contributed equally by the JV partners, unless otherwise mutually agreed. Running for up to six months, the trials will engage farmers under Memorandums of Understanding (MOUs), which are expected to transition into binding off- take agreements upon achieving the following objectives.

Field Trial Objectives:

1. Validate the fertiliser’s performance under real-world agricultural conditions, focusing on crop yield and soil health.

2. Environmental Impact Assessment: Measure reductions in carbon intensity and overall environmental footprint compared to conventional fertilisers.

3. Off-Take Agreements: Secure binding agreements with agricultural stakeholders based on trial success, paving the way for commercial production.

The Value of COLDry Fertiliser

The product, ‘COLDry Fertiliser’, is a blended fertiliser designed to match or surpass the performance of traditional chemical urea fertilisers, offering farmers a competitive and sustainable alternative.

The commercial proposition of COLDry Fertiliser to farmers is:

  • Lower cost
  • Same or better performance
  • Compatibility with existing spreading equipment
  • Lower emissions
  • Improved soil health benefits

Sam Rizzo, Director of ECT and Zero Quest, commented:

“The establishment and funding of Zero Quest, along with the launch of field trails, mark the culmination of many months of work across the various stages of the Joint Venture between ECT and ESG. This milestone is a strong indicator of progress under our ‘race to revenue model’ and now allows us to channel our focus towards delivering the COLDry Fertiliser Project.”

Mark Scanlon, Director of ESG and Zero Quest, commented:

“The launch of field trials is a significant milestone, showcasing the real-world benefits of our innovative fertiliser. Partnering with ECT underscores our commitment to sustainable practices, and we are confident these trials will demonstrate the transformative potential of this product for both farmers and the environment.”

Click here for the full ASX Release

This post appeared first on investingnews.com

previous post
BPH Global receives funding commitment of A$100,000
next post
Farm state Republicans appear skeptical about RFK Jr amid his quest for HHS confirmation

You may also like

AMERICAN SALARS ADDS LITHIUM BRINE EXPERT DR. MARK...

May 15, 2025

Bold Ventures Inc. Invites Shareholders and Investment Community...

January 18, 2025

Gold and Crypto: Redefining the Future of Finance

October 23, 2025

Quimbaya Gold & Independence Drilling Secure 4,000m Drill...

March 3, 2025

Acquires Extensive Uranium and Rare Earth Portfolio

August 27, 2025

Apple, MP Materials Ink US$500 Million Deal to...

July 17, 2025

New Generation Atomic Layer Deposition Machine Procured

November 11, 2024

New Purpose ETFs Give Canadian Investors Access to...

February 21, 2025

Finlay Minerals Enters into Earn-In Agreements with Freeport...

April 21, 2025

Crypto Market Recap: FTX Starts Debt Repayment, Coinbase...

February 21, 2025

Recent Posts

  • Red Cross receives two coffins of deceased hostages in Gaza Strip, IDF says
  • Trump surgeon general nominee confirmation hearing postponed as she goes into labor
  • Vance to meet with Duffy, aviation leaders as shutdown ‘gravely’ impacts crucial industry
  • Once a trade war weapon, US soybeans return to China’s shopping list
  • Republican senators blast FDA for expanding abortion pill access

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (946)
    • Investing (3,314)
    • Politics (4,055)
    • Stock (4)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 Sightful Invest. All Rights Reserved.