Greenvale Energy Ltd, known as GRV in the stock market, has recently received a substantial R&D rebate of $1.176 million for the 2024 Financial Year. This exciting development comes alongside the expected $250,000 from the sale of EP145, creating a positive financial outlook for the company. With these funds secured, Greenvale has kickstarted Test Program 6, focusing on enhancing previous research and optimizing processing conditions for upcoming bulk sample testing.
In the latest phase of testing under Test Program 6, the University of Jorden (UoJ) will execute specific experiments using samples already in their possession. These experiments include:
– Conducting a long reaction time experiment without a catalyst at maximum pressure and 370°C.
– Testing an experiment with THF instead of toluene under maximum pressure at 400°C.
– Experimenting with catalyzed reactions to maximize yield and assess viscosity changes using proposed catalysts like Fe, Sn, Zn, Cu.
Upon completion of these critical experiments, Greenvale anticipates being ready to produce bulk samples under the newly identified optimal conditions. The accomplished Mark Turner, former CEO of Greenvale, will oversee this crucial phase as an Independent Contractor.
It is important to note that the information presented here is drawn from Greenvale Energy Ltd and is solely for publication purposes on Investing News Australia. Please remember that this article does not offer financial product advice, and it is essential to conduct thorough due diligence before making any investment decisions. For more details, refer to the full disclaimer provided.
