Eden Energy Ltd. (EDEYF)

[nrcmedia]

Level 15, 197 St Georges Terrace, Perth, Western Australia 6000
Telephone: [phone] Facsimile: [phone]
Email: [e-mail]

AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT
14 APRIL 2016
EDEN SECURES FINANCIAL ASSISTANCE AND INCENTIVES WORTH US$24.76 MILLION TO ESTABLISH EDENCRETETM PLANT IN AUGUSTA, GEORGIA

HIGHLIGHTS
•
EDEN SECURES FINANCIAL ASSISTANCE AND INCENTIVES PACKAGE
WORTH US$24.76 MILLION FROM GEORGIA ECONOMIC DEVELOPMENT
AUTHORITY AND AUGUSTA ECONOMIC DEVELOPMENT AUTHORITY.
•
EDEN TO ESTABLISH ITS LARGE-SCALE, GLOBAL EDENCRETETM
PRODUCTION FACILITY IN AUGUSTA, GEORGIA AT AN ESTIMATED COST
FOR THE FIRST PHASE OF US$67 MILLION TO CREATE 251 JOBS OVER SIX
YEARS, WITH SUFFICIENT LAND TO ACCOMMODATE UP TO NINE FUTURE
PHASES ON THE SITE.
•
THE INCENTIVES PACKAGE WILL DELIVER TOTAL COST SAVINGS AND COST AVOIDANCE BENEFITS OF US $24.76 MILLION, BEING
:


US$11.59 MILLION TO BE PROVIDED BY STATE OF GEORGIA
,


US$13.17 MILLION TO BE PROVIDED BY AUGUSTA ECONOMIC
DEVELOPMENT AUTHORITY INCLUDING A GRANT OF 45 HECTARES
(112 ACRES) OF SERVICED INDUSTRIAL LAND IN THE AUGUSTA
INDUSTRIAL PARK PLUS AN OPTION OVER A FURTHER 12.75
HECTARES (31.5 ACRES).
•
PRODUCTION CAPACITY OF THE FIRST PHASE IS TO BE DEV
ELOPED IN FOUR STAGES TO AN ESTIMATED TOTAL OUTPUT OF 50 MILLION GALLONS (189 MILLION LITRES) PER YEAR OF EDENCRETETM