Connect with us

Hi, what are you looking for?

BigStatesNews.comBigStatesNews.com

Investing

Blackstone Signs Offtake MOU for Refinery Byproduct

Blackstone Minerals Limited (ASX: BSX) (“Blackstone” or the “Company”) is pleased to announce that it has entered into a MOU with Phu Minh and Viet Trung to research opportunities to repurpose and trade waste material (or residue) from its Vietnamese Ta Khoa Refinery into construction material products.

HIGHLIGHTS

Blackstone identifies exciting strategy to convert Ta Khoa Refinery (“TKR” or “refinery”) residue into construction materials;The Company signed a 3-way Memorandum of Understanding (“MOU”) with Phu Minh Vina Environment Company Ltd (“Phu Minh”) and Viet Trung Refractory Material Construction Joint Stock Company (“Viet Trung”) to research opportunities to repurpose and trade waste material (or residue) from TKR into construction material products;Execution of residue offtake agreement/s will yield significant cost savings for the Ta Khoa Project as it will reduce on site storage requirements;Successful implementation of this strategy will reduce environmental impact of the residual storage facility, assisting permitting and licensing schedule. It will also allow for the development of locally produced construction materials and employment;

For a video summary of the announcement head to the Blackstone Investor Hub https://investorhub.blackstoneminerals.com.au/link/WPGXxy

RESIDUE OFFTAKE MOU

Blackstone Minerals Limited (“Blackstone” or the “Company”) is pleased to announce that it has entered into a MOU with Phu Minh and Viet Trung to research opportunities to repurpose and trade waste material (or residue) from its Vietnamese Ta Khoa Refinery into construction material products.

The MOU demonstrates that the refinery residue not only holds value but will result in less residue treatment and storage for Blackstone during the life of the operation, significantly improving financial metrics for the project.

Phu Minh own and operate a waste treatment plant in the Phu Tho Province, which is adjacent to the Son La Province in Vietnam, where Blackstone is building the refinery. Phu Minh commenced in 2007 working in the fields of environmental management and waste treatment.

Click here for the full ASX Release

This post appeared first on investingnews.com

You May Also Like

World News

LOS ANGELES — On Tuesday, just minutes after the Supreme Court reversed the conviction of a man who’d made relentless online threats to a...

Business

Mortgage rates turned higher again last week. But the increase did not cut into mortgage demand, as buyers sought newly built homes. Total mortgage...

World News

With his foot on a front porch of a stately home in Charleston, S.C., a canvasser for a $100 million field effort supporting Florida...

World News

HUDSON, N.H. — As he finished up his remarks at an outdoor garden party hosted by a former state senator, Mike Pence made one...