Zeotech has secured a $1.04 million R&D incentive payment for FY22 from the Australian Federal Government.

The rebate received relates to the company’s expenditure on the development of its proprietary mineral processing technology for the sustainable production of manufactured zeolites, together with advancing its dual stream agri-soil product development (including soil carbon protection and enhancement) and carbon utilisation technology.

“The R&D Tax Incentive Program is an important program that supports Australian innovation,” Zeotech (ASX:ZEO) MD Peter Zardo said.

“The funds received in conjunction with cash on hand, position the company well to continue progressing scaled up production and development of innovative applications for manufactured zeolites revolving around circularity and greenhouse gas mitigation.”

Zeolites as greenhouse gas mitigators 

Under the Extended Carbon Market Scoping Study completed last year, the company highlighted opportunities for its manufactured zeolites to contribute to climate change mitigation for carbon dioxide, methane and nitrous oxide.

Zeotech also executed a 12-month research program with Griffith University to develop and validate the application of zeolites products for controlling landfill methane emissions in collaboration with Australian waste management company, Cleanaway Waste Management.

Manufactured zeolites possess high gas exchange and high surface area properties making them potentially useful to boost baseline methane oxidation rates.

They could also offer ideal habitats for a group of bacteria termed ‘methanotrophs’, which are specialist methane consumers and can oxidise the methane into water and carbon dioxide.

This article was developed in collaboration with Zeotech, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.