A world-first spray technology to create cleaner coal is now available in Australia, with private equity investment company China Century Capital Limited (CCY) signing a sole distribution agreement for Australia and New Zealand with an international supplier. The Taiwanese product, known as 3Ec Bio-Enzyme, is a natural bio-solution derived from plants and can be sprayed on to black or brown coal. It works by altering the coal characteristics and is said to increase fuel efficiency by up to 15% and save electricity energy by 5-15 %.
China Century Capital’s chief executive officer Mr Dan Kao said CCY had struck a deal with the Taiwanese supply company to exclusively in-license the product and plans to promote the technology to Australian power plants. The technology had been extensively tested at a US power plant, with positive results. Mr Kao envisaged the technology could be adopted by power stations around the world, which were seeking more sustainable solutions to combat increasing power consumption. “Around the world power generators are seeking ways to create cleaner coal. This spray technology enables this. Coal generates 80% of Australia’s energy and 75 per cent of greenhouse gas emissions,” he said. “All other clean coal solutions may not increase coal efficiency. While this has huge environmental benefits, it also increases the efficiency of coal.”
The 3Ec spray technology ensures the level of Sulfoxides (SOx) released from burnt coal are cut by up to 50 per cent and Nitroxide (NOx) levels are down by between 20 and 50%. Carbon dioxide/monoxide emissions are reduced by 30-40%. Mr Kao said coal consumption was tipped to rise by 50 per cent by 2020.
www.chinacenturycapital.com.au
