EESTech to Benefit From HTC, Doosan Babcock Licensing Agreement

EESTech, with facilities in Queensland, Australia, has announced that it will benefit from the strategic licensing agreement signed between HTC Canada, Doosan Babcock Energy, UK and Doosan Heavy Industries and Construction of South Korea.

Doosan Babcock will gain access to the carbon capture and storage (CCS) technology developed by HTC and the University of Regina. Together they will jointly advance the large-scale integration of CO2 capture with existing, new coal and gas fired power plants.

EESTech owns the Australian developed Hybrid Coalmine Gas Technology (HCGT), which can be integrated with HTC’s CCS technology. A standard EESTech HCGT project utilizes waste coal and methane to produce cost-effective clean coal energy, significantly reducing the cost of carbon capture and as a result of the waste to energy process, generates up to one million tons of carbon abatement credits per year.

Murray Bailey, CEO of EESTech, said: “This agreement is seen as a significant milestone for EESTech, bringing both the CCS technologies from HTC and the engineering and construction capabilities of Doosan Babcock, to further enable EESTech’s development of CCS and HCGT projects.”