Parkway Corporate Limited's significant brine technology breakthrough

Parkway Corporate Limited (ASX:PWN) has announced a significant brine technology breakthrough, leading to the first production of hydrochloric acid (HCI) from coal seam gas (CSG) derived brines in Australia. The innovative electrochemical process has successfully demonstrated the production of mineral acid from wastewater, marking a significant milestone for Parkway's pioneering research efforts.

Executive commentary on the brine technology breakthrough

These exciting results from our latest electrochemical related R&D activities represent a major technology breakthrough for Parkway, with significant implications for industrial brine treatment. Despite the groundbreaking approach of our Master Plan released in June last year, the news we announce today highlights our relentless approach to pushing boundaries to develop the most efficient, effective and valuable process solutions, for industry.

Summary of Parkway Corporate's brine technology breakthrough

Parkway Corporate Limited (ASX:PWN) has achieved a significant milestone with the first production of hydrochloric acid from CSG derived brines in Australia. The innovative electrochemical process has demonstrated the potential for valuable industrial applications beyond the Master Plan, particularly in the mining, downstream mineral processing, and refining industries globally. The breakthrough aligns with the Queensland CSG industry's long-term waste brine and salt challenges, providing a viable long-term solution and significant opportunities for Parkway's innovative technology-based approach. Additionally, the technology's potential to address the forecast shortfall in sulphuric acid supply in Queensland further underscores its strategic importance. Parkway's ongoing R&D investments and inhouse capabilities position the company for continued success in the industrial process technology sector.