CIA Clean Invest Africa Plc

 
TIDMCIA 
 
29 August 2023 
 
CLEAN INVEST AFRICA PLC 
 
("Clean Invest Africa"or the "Company") 
 
£200,000 CLN Funds Receipt 
 
Clean Invest Africa Plc, the waste fines minerals recovery quoted company on the 
AQSE Growth Market, announces that, further to the announcement of 2 August 
2023, the £200,000 under a Convertible Loan Note (CLN) has now been received by 
the investor. 
 
The funds raised as a result of the issue of the CLN will also be used to 
provide additional working capital for the Company and its subsidiaries and in 
particular will support the initial stage of the CLAPS project with the Italian, 
Partner ISS International SpA, and the commercialisation of its Bulpan plant in 
South Africa. 
 
Coaltech is continuing the development of its marketing and commercialisation 
strategy with a number of ongoing initiatives currently at advanced stages of 
development. A trading update will be released shortly, providing information on 
the key projects. 
 
Filippo Fantechi, Chief Executive Officer of Clean Invest Africa plc and CEO of 
CoalTech Group, commented: "By participating in this fund raising the investor 
has shown confidence in the Company and its technology. The operating business, 
executed by commercialising its technology, continues to have bright prospects 
particularly through international expansion and we will update shareholders as 
events unfold." 
 
ABOUT CoalTech technology ("CoalTech") 
 
In the context of the global policy of environmental improvement, reconditioning 
of polluted areas and development of sustainable solutions for those industries 
(such as, but not limited to, coal) which have an impact in terms of 
environmental pollution, but which, at least for the next two to three decades, 
will have to continue to produce in order to sustain the demand for 
energy, CoalTech believes that the application of its technology, in addition to 
meeting the Global Environmental Improvement Policy, also effectively addresses 
the following problems: 
 
(i)            how to clean up/dispose of the more than 30 billion tonnes of 
coal dust now found worldwide as an unavoidable residue of coal mining 
processes, and 
 
(ii)           how to minimize the accumulation of further coal dust in those 
areas where coal mining ponds are still active and/or at the loading/unloading 
hubs of the coal trade routes such as ports and/or stations and/or in those 
industries that still use coal. 
 
In other words, even if the ecological transition is making great strides, coal 
dusts will continue to damage the environment if they are not removed or 
minimised in cases where industries use coal (e.g. power plants, steel mills, 
etc.) and these last will takes years to complete the ecological transition with 
less polluting technologies, if available. 
 
CoalTech uses the agglomeration process (pelletizing) to transform coal dust 
into spherical agglomerates (pellets) through the rotational and inclination 
forces generated in a Deep Drum Pelletizer and the amalgamation action of an 
organic, non-polluting agent developed in-house. The transformation process is 
then finalised by drying treatments to make the pellets transportable and 
reusable in various industrial applications. 
 
CoalTech technology is the right balance for merging energy demand with 
governments' commitment to a clean world. In particular, it is a valuable 
vehicle for achieving goals #8, #9 and #15 of the UN 2030 Agenda combining the 
useful with the enjoyable. Useful because it is certainly effective in carrying 
out the initial reclamation of the land and/or the hubs of the trade routes 
and/or the coal storage areas of the power stations where tonnes of unused and 
environmentally harmful coal dust are still being deposited. Enjoyable because 
it is a business with a potential of millions of dollars as the process used 
does not alter the original characteristics of the coal (e.g. the calorific 
value and the chemical composition) and therefore the pellets produced, becoming 
transportable, can be sold on the market and have multiple uses, such as for 
example: 
 
-              be introduced into the coal market by blending with the original 
raw material, thus solving at the root the problem of coal dust accumulation 
and, in time, reducing the existing accumulation at the washing and/or storage 
plants 
 
-              be introduced into the circuit of those industries that use coal 
to produce other products such as: the steel industry to produce coke and the 
chemical industry for the production of ammonia, hydrogen, synthetic products 
such as solvents, dyes, pesticides, synthetic rubbers, explosives, plastics, 
medicines, and others 
 
-           originate a circular economy system as from the distillation of 
coal, it is also possible to obtain tar, benzol, phosphates, nitrates, sulfates, 
naphthalene, celluloid 
 
-           to become a raw material in the coal gasification process for the 
production of syngas; and 
 
-           to support, during the transition period, the less affluent 
populations that still live-in rural areas where the energy distribution network 
is not yet in place and will require years of work to make it available, so 
becoming a source of energy and house heating through the use of domestic 
stoves, already existing on the market, which, in addition to heating, can also 
produce a few kW useful to turn on a few light bulbs. 
 
The Directors of the Company accept responsibility for the contents of this 
announcement. 
 
ENQUIRIES : 
 
Clean Invest Africa plc 
 
Filippo Fantechi (Executive Director) +973 3969 6273 
 
Shaikh Mohamed Abdulla Khalifa AlKhalifa (Non-Executive Chairman) +973 3969 2299 
 
Peterhouse Capital Limited 
 
Corporate Adviser +44 20 7469 0930 
 
Guy Miller/Mark Anwyl 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
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