EU Grant18 Dec 2018 19:49
Bare with me...
From the interims...
In August 2018, the joint venture submitted an application to the EU to request grant funding to subsidise the development of its SuperFuel™ technology. This application was delivered to the National Centre for Research and Development and has resulted in a number of follow-up committee meetings and requests for clarification. These requests have now been dealt with and a decision is expected during Q4 2018. The joint venture partners have now acquired various off-take agreements with a number of Polish utilities in anticipation of the delivery of the SuperFuel™ product. This will provide the platform for the commercial development of both CoalSwitch™ and SuperFuel™ in Europe, beginning in Poland.
So i found this
https://www.ncbr.gov.pl/fileadmin/POIR/1_1.1.1_2018/lista_rankingowa_zbiorcza_konkurs_1_2018.pdf
A list of granted and pending EU funding projects. Seemingly from around March but maybe lost in google translation
Scroll down to #164 for us
Development of a comprehensive biomass waste processing technology for perspective chemical products, fertilizer concentrate and molded pellets fuel, in the process of steam hydrolysis
We had 22 points at that point - enough to be granted. But we had 1 unmet criteria. This is before all those meetings from the interims so id bet that its well and truly met now.
Also worth noting this is pre the Superfuel gov stamp of approval so likely the project value went up a lot after that. And youve seen whats been happening with the EU/Paris accord/Poland/Coal recently so you think this is top priority.
All in all looks good for a €10smillions grant - still expected in Q4? We shall see. But looks like a done deal.
Free money is the best money.