Zeotech Limited (ASX: $ZEO) has made significant progress in the development and validation of its zeoteCH4® methane control technology at Griffith University. The company also achieved a cash refund of $682,019.13 from the Australian Federal Government's R&D Tax Incentive Program for eligible research and development activities claimed for the financial year ended 30 June 2023.
Zeotech's Chief Executive Officer, Scott Burkhart, expressed excitement about the company's advancements, stating, 'We are excited to be advancing to in field trials with our methane control program at Griffith University, which has been bolstered by the recent validation of our Toondoon raw kaolin, which has demonstrated an ability to deliver a high reactivity metakaolin for the cement and concrete industry. These initiatives have coincided with work commencing at Toondoon to extract approximately 50 tonnes of kaolin for metakaolin production, that will accelerate cement industry engagement and zeolite production.'
Zeotech has made significant strides in the advancement of its zeoteCH4® methane control technology at Griffith University, with field trials underway. Additionally, the company's Toondoon raw kaolin has demonstrated the ability to deliver high reactivity metakaolin for the cement and concrete industry. Zeotech's collaboration with Protekta Incorporated in the animal feed industry and its progress with Central Queensland University in developing high reactivity metakaolin further solidify its position in multiple market segments. The company's engagement with various research and development programs and its focus on commercialization and industry partnerships reflect its commitment to sustainable solutions and technological innovation.