We are excited to announce that we have received an update from NDC, providing further detail regarding the first commercial project, estimated at $150mill AUD. It is expected to be made up of 18x 50 Tonne Per Day modules, plus peripheral treatment equipment, which will involve three phases. First is the 1x 50 Tonne Per Day (TPD) followed by a second phase of another 4x 50 TPD modules plus peripheral treatment equipment. Lastly, a further 13x 50TPD modules. The NDC update letter indicates a desire for this to be completed through 2026. In addition, the letter confirms that the NDC management committee (Mancom) is recommending to the NDC board, through the NDC Board Executive Committee, that Cyclion and NDC establish a Joint Venture (JV) with them in the Philippines. Cyclion is expected to retain the majority of shares, and NDC have indicated a willingness to put an additional $1-3mil USD as a part of the establishment of the JV. This is not only excellent in helping to facilitate the first commercial project, but future projects once the first one is established successfully.

This video was filmed by Queensland University of Technology as they conducted the proof-of-concept testing. It shows the products after the mixed biomass and plastics went through the liquefaction process. The oil produced would then be separated into different types of fuel. The carbon residue that is shown would be used as a fuel source to heat the boiler to raise the temperature of the catalyst as it soaks the waste at 310oC. The exhaust from the boiler would then be channelled through the algae tanks to convert the CO2 to O2, meaning there would be no need for chimney stacks.