Greenvale Energy Ltd (ASX:GRV) Announces Test Program 6 Commencement
Company Receives R&D Rebate
Greenvale Energy Ltd (ASX:GRV) has received $1.176 million in R&D rebates for the 2024 Financial Year. The company also expects an additional $250,000 from the recently announced sale of EP145, boosting its funding.
Commencement of Test Program 6
With these funds, Greenvale has initiated the first stage of Test Program 6. This stage aims to enhance the work conducted by the University of Jorden in Test Program 5 and optimise processing conditions prior to bulk sample testing by Monash University. The University of Jorden will carry out several test runs using existing samples.
Upcoming Experiments
The tests will include a long reaction time of five hours without a catalyst, experiments involving THF under maximum pressure, and testing catalysed reactions to maximise yield and verify the impact on viscosity. Mark Turner, former CEO of Greenvale, will oversee these activities as an Independent Contractor.
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.