Wide Application Fields for Proprietary Process Technologies
The Australian cleantech company Parkway Corporate (ASX: PWN; FRA: 4IP) is benefiting significantly from the acquisition of the established Tankweld Group. The company closed the past quarter with record revenue of 4.48 million AUD, primarily attributable to a strong contribution from the recently acquired Tankweld Group. Cash receipts from customers in the quarter also reached a record 4.94 million AUD.
Parkway also anticipates strong operational performance and continuous growth in the company’s Industrial Operations (PPS) business segment in the future. Parkway has an extensive project pipeline, according to the report. The company is increasingly involved in the planning, manufacturing, and installation of complex water and wastewater treatment infrastructure. As per the quarterly report, Parkway is currently focused on executing projects expected to generate revenue of more than 15 million AUD (including already completed components). The pipeline of project opportunities being actively pursued has an indicative budget of well over 50 million AUD.
Wide Application Fields for Proprietary Process Technologies
In the Process Technologies (PTT) business segment, broad market opportunities are also emerging, particularly for the company’s proprietary aMES® technology. Parkway reports inquiries from the mining and minerals industry. During the reporting period, Parkway has “explored opportunities to support a large, globally active mining company in evaluating the feasibility of implementing a predominantly aMES®-based flowsheet” to increase water and potential mineral recovery in a high-profile critical minerals project constrained by water availability. Following the reporting period, Parkway and the client have negotiated a suitable project scope that includes a series of evaluations, including pilot activities, with brine from a known international mining project.
Workshop on CSG Brine Concentration and Master Plan
Preliminary internal assessments suggest that Parkway will likely be able to offer CSG companies in Queensland a highly attractive fee-based brine concentration service (lower costs, better outcome). Over the past decade, the operator of one of the most advanced projects has made substantial investments (over $1 billion) in brine concentration (an incomplete brine disposal solution). However, the remaining three major CSG projects in Queensland continue to face a range of challenges related to upstream brine concentration. As part of ongoing collaboration with a global energy company, a comprehensive workshop was held with the client to review the technology. A key topic addressed during the workshop was the broader master plan-related opportunity and the prospect of building a beneficial brine processing plant or possibly multiple plants. Further details on the next steps for this opportunity are expected shortly.
The upstream concentration and treatment of waste brine would enable further processing of the brine with PPT’s downstream process technologies, which would also employ Parkway’s electrochemical salt splitting technology, whose effectiveness the company has recently successfully demonstrated. The use of this technology could ultimately enable a circular economy that includes complete brine treatment for one of the largest and most advanced CSG projects in Queensland in the future.
