CalciTech signs Cooperation Agreement with Industrial Partners to Recycle Minerals in Waste Paper
Geneva, Switzerland, September 7th 2010 - CalciTech Ltd. (OTCBB: CLKTF) announces today that its wholly owned subsidiary CalciTech Synthetic Minerals Europe Ltd. (“CSME”) has signed a cooperation agreement with a group of partners including the Papiertechnische Stiftung (“PTS”), the German Paper Research Centre and Verein Deutscher Zementwerke (“VDZ”), the German Cement Works Association, together with two of the largest paper and cement companies in Europe.
The partners have agreed to study the optimisation of CalciTech’s process for converting the waste stream from recycled paper production into the industrially valuable materials Synthetic Calcium Carbonate (“SCC”) and Sustainable Metakaolin (“SMK”). By implementing this process the paper industry will save millions of Euros in waste disposal charges and taxes, recover Carbon Dioxide that would otherwise be lost to the environment and receive the SCC material that has more superior properties than the original mineral.
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