The agenda is 2019 for first “commercial scale” test product in water for 12months test/ validation, if that proves successful (as they are not pumping to shore output should be better) then it will be followed by stage 2 (20MW) and then stage 3 (a further “expansion” of 100MW so not sure if that an “expansion of” to 120MW or “expansion to” 100MW). I thought total from another source was 100MW. At end of trial and it works anyone could but that product.That was the plan back at start but as EMC and feds looking to change their agenda (due to old crones like abbot and their big coal and big oil agenda). From what I have seen the WA government is still supporting CCE and have said they will continue to do so (based on early October info).
I hope that CCE back up their agenda to the state as we’re almost at end of 7week period. Now that the stock price it tanked from bad EMC deal and continual misinformation and down ramping by some people which may have had an impact on people investing. It may not be so feasible to get financing as easily. CR may change as a share at 0.8c can give a good return if it goes up just a little. Were definitely over a barrel and it would be outstanding to get over the line and see CCE successful. Iinet did it when they traded from $2.6 to $0.69 (accounting error) then back up to $8.0 (sale tpg).
Hopefully cce recent changes bring improved sentiment and better SP in coming months... hopefully the govt can see merit in their ceto tech and continue to support them to where they can be a viable addition to Renewable stream.
in reference to big oil - I watched “hot grease” last night - interesting doco on biofuels and big oil.
