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Share Name | Share Symbol | Market | Type |
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Enhanced Systems T | ASX:WAS | Australian Stock Exchange | Ordinary Share |
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Danish construction materials sector services and equipment supplier FLSmidth & Co. A/S (FLS.KO) said Monday it has signed a global licencing agreement with Australian company Wasabi Energy Ltd. (WAS.AU) for its Kalina Cycle technology, which converts waste heat to power.
MAIN FACTS:
- According to the agreement, FLSmidth obtains exclusive rights to offer the Kalina Cycle technology to the cement and lime manufacturing industry globally, except in a few countries where existing licenses are present.
- The Kalina Cycle technology is able to recover waste heat from industrial process gas streams and convert it to usable electrical energy.
- FLSmidth said the agreement enables it to offer customers a waste heat system that will lower plant operating costs and reduce Co2 emissions and water consumption.
-By Copenhagen Bureau, Dow Jones Newswires; +45 33 12 44 88; flemming.hansen@dowjones.com
1 Year Wasabi Energy Chart |
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