The Hon Paul FLETCHER, Federal Minister for Urban Infrastructure and Cities and the Hon Richard COLLESS, Parliamentary Secretary for Natural Resources and Western NSW, joined dignitaries from Korea’s Daejoo-KC Group and Chonnam National University, together with UNSW Sydney and the CSIRO at the launch of EcoMag’s Chatswood Research & Development Plant yesterday to celebrate the collaboration of nations, public and private sectors, and research and commercial organisations that has made EcoMag possible.
“This is a very exciting development,” the Hon Paul FLETCHER said. “The success that EcoMag has achieved depends on a number of factors. First of all, we are an open country, keen to do business with Korea and other countries who are our good friends. Second we have strong universities, strong research institutions, well-funded, successful, and increasingly engaged with industry, and thirdly we have Federal and State governments focused on supporting innovation and backing people who have a go, who take technology, who take a commercial risk to go out and find a market and find an economic opportunity.”
EcoMag has been testing its high purity magnesium extraction technology on waste stream bitterns (saline flows) produced by solar salt producers in Western Australia. The Chatswood Research & Development Plant will be used to continue to refine process engineering, in preparation for the construction next year of a full-scale plant capable of processing 500 million litres of bitterns annually.
“It’s great to be here and to see this facility come to fruition,” Hon Richard COLLESS said. “To see this sort of technology coming forward, providing high tech industry … is really exciting.”
EcoMag was delighted to host representatives from the Daejoo-KC Group including Mr. Jeong Wook SEO, Senior Vice President who spoke of the close relationship between Daejoo-KC and EcoMag, Dr. Tae Woong KIM, Director of Research, and Dr. Qwang Hee SHIN, Deputy Director of Research, as well as Professor Myong Jun KIM from Chonnam National University, Professor Rose AMAL A.O. of UNSW Sydney, and Dr. Jack STEELE, Director of Science Impact and Policy at the CSIRO.
The event also celebrated EcoMag’s Initial Public Offering of shares in a $3-5 million capital raising, and application for official quotation of EcoMag shares on the Australian Stock Exchange. For more information, refer to the prospectus.
EcoMag Executive Chairman Tony CRIMMINS with The Hon Paul FLETCHER MP, Federal Minister for Urban Infrastructure and Cities
The Hon Richard Colless MLC, Parliamentary Secretary for Natural Resources and Western NSW describes his excitement about EcoMag’s technology.
The Hon Paul FLETCHER MP, Federal Minister for Urban Infrastructure and Cities, with EcoMag Executive Chairman Tony CRIMMINS.
The Hon Paul Fletcher MP, Federal Minister for Urban Infrastructure and Cities, describes the combination of factors behind EcoMag’s success.
EcoMag Executive Chairman Tony CRIMMINS holds a traditional wedding gift from Mr. Jeong Wook SEO, Senior Vice President, Daejoo-KC Group, with Dr Dae Woong KIM, Director of Research, Daejoo-KC Group. The gift symbolizes the close woking relationship between the two companies.
MR. Jeong Wook SEO, Senior Vice President, Daejoo-KC Group spoke of the close relationship between Daejoo-KC and EcoMag.
EcoMag General Manager, Shaun Triner updates shareholders with regard to preparations for the construction of EcoMag’s commercial scale plant in Western Australia.
Professor Myong Jun KIM of Chonnam National University explains the EcoMag process to an investor.
EcoMag’s Chief Technology Officer, Professor Tam Tran describes some of the research EcoMag is involved in.
The Hon Richard COLESS MLC, Parliamentary Secretary for Natural Resources and Western NSW and the Hon Paul FLETCHER MP, Federal Minister for Urban Infrastructure and Cities officially open the EcoMag R&D plant with Mr. Jeong Wook SEO, Senior Vice President, Daejoo-KC Group, and EcoMag’s Executive Chairman Tony CRIMMINS and Chief Technology Officer, Professor Tam Tran.
EcoMag Executive Chairman Tony CRIMMINS describes the warm reception he received at the Hamburg MagForum 2018
EcoMag General Manager, Shaun Triner talks about the scaleability of EcoMag’s production capacity beyond 2020.
EcoMag Executive Chairman Tony CRIMMINS and Abundant Natural Health CEO Shanan BIRKIN with a gift of Abundant Natural Health products containing EcoMag magnesium to Jeong Wook SEO, Senior Vice President, Daejoo-KC Group, with Dr Dae Woong KIM, Director of Research, Daejoo-KC Group.
MR. Jeong Wook SEO, Senior Vice President, Daejoo-KC Group and the Hon Paul FLETCHER MP, Federal Minister for Urban Infrastructure and Cities, with EcoMag’s Professor Tam TRAN, Chief Technology Officer and Tony CRIMMINS, Executive Chairman.
EcoMag’s Chief Technology Officer, Professor Tam Tran shows investors a sample of EcoMag’s hydrated magnesium carbonate.
ABC Radio’s Focus with Nadia Mitsopoulos interviews EcoMag’s Shaun Triner as part of an in-depth discussion about the increase in economic activity taking place in Western Australia’s north.
Kylah Morrison, CEO of the Karratha & Districts Chamber of Commerce points out that one of the features making the current economic pick-up different from previous cycles, is the emphasis on diversifying into value added businesses outside iron ore and liquid petroleum gas mining – including EcoMag.
Shaun Triner (from around 16 minutes in) talks about EcoMag’s triple bottom line goals (social, financial and environmental), provides insights into the global market for high purity magnesium products, and outlines plans for the Karratha Eco Hub Innovation and Industry Precinct.
A magnesium pilot project on the outskirts of Karratha has been launched to test the waters for potential commercial production by the end of 2019.
EcoMag will use technology developed in Australia and South Korea to extract magnesium compounds from salt production waste streams, resulting in a marketable product used in the likes of smartphones and flame retardants.
Western Australia’s City of Karratha has provided in-principle support for three business proposals that could see land at the site of Karratha Airport transformed into an eco-hub.
One of the proposed enterprises is the Sahara Forest Project that aims to produce fresh water, food and renewable energy through utilising seawater and harnessing energy from the sun.
Australian company Ecomag’s project is also under consideration for the site. EcoMag intends producing low cost, high purity magnesium compounds from brine waste streams from large scale salt production processes and solar energy.
The third potential project is associated with Rainstorm, a dust control company that has been operating since 1990.
According to City of Karratha Mayor Peter Long, a solar power plant of up to 20MW capacity could be built as part of these projects.