In the News
Agreement with CLP India
October 12, 2007. London, UK – Nviro Cleantech plc (AIM:NVR), a leader in commercialising 'clean' technologies, is pleased to announce that its subsidiary, Vertus Technology Limited ("Vertus") has signed a Memorandum of Understanding with CLP Power India Private Limited ("CLP India") to develop its Vertus RTP technology for applications in both biomass and lignite coal treatment.
CLP India is one of the largest foreign investors in India's power sector and is part of the CLP Group, which operates a vertically integrated electricity supply business in Hong Kong and is a leading private sector power company in Asia Pacific, including Mainland China, Australia, Taiwan and Thailand. The CLP Group is listed on the Hong Kong Stock Exchange and in 2006 has a market capitalisation of almost US$20 billion.
Under the agreement the two companies will conduct trials to test and assess the feasibility of developing a pilot production plant in India capable of pre-treating a range of fuels for cleaner power generation. If phase one is successful, Vertus will develop a Vertus RTP plant for use by CLP India. This would be the first established commercial demonstration site for Vertus technology in India, providing CLP India with suitable performance data for possible further development of the Vertus technology in their territory. Work on the agreed test programme will commence immediately, with a series of fuels being analysed at the Vertus laboratory in Hungary.
Chris Every, CEO of Nviro Cleantech and Chairman of Vertus, said; "We are delighted to form a working partnership with such a well established and experienced power generator as CLP India for our first foray into India, and we look forward to establishing a mutually profitable business development pipeline. Following our recently announced JV in China, Nviro now has a presence in two of the world's largest coal-fired power generating countries where its technologies can not only help reduce emissions from traditional fossil fuels, but also emerging biomass energy projects".
Rajiv Mishra, MD of CLP India, said; "CLP continues to seek to apply viable new clean technologies to meet the demand for power generation."
"We are confident that in Vertus RTP Technology we have identified an exciting opportunity to meet this objective in a market where demand for electricity is growing strongly."
The Company will provide further updates as this initiative progresses and additional information becomes available.
Nviro Cleantech plc will be announcing its Final Results on 23 November 2007.
For further information:
Nviro Cleantech plc
Chris Every, Chief Executive Officer
Tel: +44 (0) 20 7451 2473
cevery@nvirocleantech.com
Grant Thornton Corporate Finance - Nominated Adviser
Fiona Owen - fiona.owen@gtuk.com
Troy MacDonald - troy.macdonald@gtuk.com
Tel: +44 (0) 20 7383 5100
Fairfax I.S. PLC - Broker
Ewan Leggat - eleggat@fairfaxis.com
Tel: +44 (0) 20 7598 5369
CLP Holdings Limited
Carl Kitchen
Tel: +852 2678 8245
Media enquiries:
Abchurch
Justin Heath - justin.heath@abchurch-group.com
Tel: +44 (0) 20 7398 7781
Georgina Bonham - georgina.bonham@abchurch-group.com
Tel: +44 (0) 20 7398 7715
Notes to Editors:
About Nviro Cleantech plc & Vertus:
Nviro Cleantech plc is a leader in commercialising "clean" technologies, such as renewable energy, waste recycling, emissions control and air quality monitoring, that benefit the global environment. The Company operates by acquiring a strong, balanced portfolio of near-to-market technologies that address large demand needs in a breadth of markets, and which are viable and cost effective.
The Company operates through its wholly owned subsidiaries: Nviro Cleantech Limited; Microrelease Limited; Laseair Limited; Stillclear Environmental Limited; Nviro Cleantech Limited (Cayman Islands); Vertus Technologies Limited (Cayman Islands); Vertus Technologies US LLC. (Nevada); and Organotect, Inc. In addition, Nviro Cleantech Inc, a US subsidiary, provides certain management services to the Company.
Together, the Company's subsidiaries are developing a portfolio currently comprising five clean technologies. These include:
- Vertus RTP, the Company's lead technology - the reductive thermal process (RTP) is designed to substantially cleanse low quality coal and biomass to produce high-grade fuel with properties similar to anthracite while maximising effective and clean use of the off-gasses;
- MicroRelease, its secondary technology - designed to recycle medium density fibre ("MDF") and particle board into a high quality reusable wood fibre;
- Three follow-on technologies, Carbon Co-burner, Organotect 'lab-on-a-chip', and Laseair.
Nviro Cleantech focuses on solutions that can be bought to market quickly, and with maximised financial potential, using proven technologies and management teams. It systematically targets environmental innovations that do not require radical shifts in consumer behaviour nor large capital investments to adopt.
About CLP India:
CLP India is one of the largest foreign investors in the Indian power sector and is responsible for developing CLP's presence in that market. It is responsible for the GPEC gas-fired power plant in Gujarat. CLP acquired a majority stake in GPEC in 2002 and fully acquired GPEC in mid-2003. The GPEC power plant is one of the largest independent power projects (IPPs) to have been set up in India. CLP India is also developing a 100.8MW wind farm project in Gujarat and, through its Roaring 40s joint venture, a further wind farm is being developed at Khandke in Maharashtra.
CLP is listed on the Hong Kong Stock Exchange and is one of the largest investor-owned power businesses in Asia. Through CLP Power Hong Kong, it operates a vertically integrated electricity supply business in Hong Kong, and provides a highly reliable supply of electricity and excellent customer services to over 5.5 million people in its supply area.
The CLP Group is the largest external investor in the Chinese mainland electricity industry, and a leading international private sector power company in the Asia-Pacific region with an integrated energy business in Australia and interests in OneEnergy, a 50-50 joint venture with Mitsubishi Corporation, which owns generating assets in Southeast Asia.
In line with the CLP Group's commitment to develop 5% of generating capacity from renewable energy sources by 2010, CLP is investing in renewable energy projects outside Hong Kong, focusing on wind, small hydro and biomass, with an emphasis on India, China and Australia.
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Preliminary Results November 23, 2007
Nviro Cleantech Plc announces its maiden preliminary results for the year ended 30 September 2007
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Director Appointment October 12, 2007
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Agreement with CLP India October 12, 2007
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Director Shareholding August 29, 2007
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Nviro Cleantech joins AIM August 6, 2007
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Intention to float on AIM June 25, 2007
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Chinese JV June 02, 2007
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Appointment of Chairman, James Dickson Leach January 11, 2007









