CalciTech Announces Merchant SCC Plant Project
14 11월 2011 - 11:03PM
Business Wire
CalciTech Ltd. (OTCBB: CLK) announces today that it’s
European licensee, CalciTech Synthetic Minerals Europe Ltd (“CSME”)
has signed a Letter of Intent relating to the construction and
operation of a Synthetic Calcium Carbonate (“SCC”) plant on the
site of SKW Stickstoffwerke Piesteritz GmbH (“SKWP”). The plant,
with planned production of 50,000 tonnes per annum will be situated
on the Agro-Chemie Park, Piesteritz in Lutherstadt-Wittenberg,
Germany. Feasibility should be completed by 31 December 2011 at the
latest.
SKWP is the largest producer of ammonia in Germany and is
actively developing business on the Agro-Chemie Park. In addition
to renting a suitable plot of land to CSME, and providing utilities
and site services, SKWP will supply the CO2 required for this SCC
plant.
Thomas Livingstone-Learmonth, COO of CSME said: “This is the
first of a number of smaller merchant plants intended to be built
in Europe and has required a design modification from our 100,000
tonnes per annum plant developed in 2007.”
Roger Leopard, CEO of CalciTech Limited commented: “The
Agro-Chemie Park is an excellent location for this plant, which is
exceptionally well developed and will significantly contribute to
its high “green” standards absorbing carbon emissions.”
About CalciTech Ltd:
CalciTech Ltd has developed and patented unique technology for
the production of Synthetic Calcium Carbonate, “SCC” a specialty
material that may be widely used in industrialized parts of the
world and is developing operating licensees in these territories,
the first being in Europe. With its technological capabilities,
CalciTech will continue to develop the product potential into other
areas.
About CalciTech Synthetic Minerals Europe Ltd:
The Company, recently established in England, has been granted
an exclusive license for Europe to execute on the business plan to
develop the use of SCC specialty products within the high end
valued segments of paper, paint, polymer and related areas, food
and pharma applications. CSME, independently managed, is seeking
funding through the London market for investment in Europe.
About SKW Stickstoffwerke Piesteritz GmbH:
SKWP is the largest ammonia and urea producer in Germany and is
located at the 220 hectare Agro-Chemical Park Piesteritz being
unique in Germany. About 800 employees at sites in Piesteritz
and Cunnersdorf produce a broad range of industrial chemical and
agrochemical products, around four million tons of products every
year. The company is also one of the most innovative
fertilizer producers in Europe. The modern products for plant
nutrition are developed in the company's own research and
development centre. In Cunnersdorf near Leipzig, everything that is
connected with the concrete use of the innovative fertilizer
products is tested, examined and investigated on over 170 hectares.
SKWP is part of the Agrofert Group owned by Andrej Babiš.
The directors of the company take responsibility for this
announcement.
Forward Looking Comments: The statements contained in this
release that are not historical facts are forward-looking
statements based on management's current expectations and beliefs
concerning future developments and their potential effects on the
Company. There can be no assurance that future developments
affecting the Company will be those anticipated by management.
Actual results may differ from those projected in the
forward-looking statements. These forward-looking statements
involve risks and uncertainties. Readers should refer to the risks
disclosures in the company's public filings with the Securities and
Exchange Commission (www.edgar.sec.gov) or on the
Company’s website.
Calci Tech (CE) (USOTC:CLKTF)
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