Environmental Clean Technologies joint venture news

Environmental Clean Technologies (ASX:ECT) has formed a joint venture with ESG Agriculture Pty Ltd. The new entity, Zero Quest Pty Ltd, aims to develop sustainable soil health solutions, focusing on ECT's net-zero COLDry fertiliser. Both companies are investing $150,000 each in seed funding. Field trials for the fertiliser will begin immediately in various regions, including South Australia and the Philippines.

Overview of ECT's strategic move

Environmental Clean Technologies has partnered with ESG Agriculture to create Zero Quest Pty Ltd, focusing on sustainable soil health and commercializing the COLDry fertiliser. Initial funding and secured loans will support the project's development and field trials across Australia and the Philippines. Leadership changes see John Tranfield as the new CEO to drive the initiative. The company aims to finalize project finance by Q1 CY25, with plans to scale production to 30,000 tonnes annually. The move is aligned with ECT's strategy to provide eco-friendly and effective agricultural solutions.

Executive commentary on joint venture

The formation of Zero Quest Pty Ltd with ESG Agriculture is a significant step toward sustainable agricultural solutions. We are excited to begin field trials of our COLDry fertiliser, which promises to enhance soil health and reduce emissions.