Clean TeQ Water Limited
Climate Impact & Sustainability Data (2022-07 to 2023-06)
Reporting Period: 2022-07 to 2023-06
Environmental Metrics
ESG Focus Areas
- Water treatment and reuse
- Resource recovery
- Mine tailings management
- Lithium production
- Community engagement (First Nations communities)
Environmental Achievements
- Reduced groundwater consumption by 60% compared to reverse osmosis in the NESR HIROX® Project.
- Minimised waste production in Koumala Water Treatment Plant.
- Reduced liquid waste in NESR HIROX® Project.
- Improved water quality in Laramba Water Treatment Plant, addressing long-term health concerns.
Social Achievements
- Delivered drinking water treatment plant for the Indigenous community at Laramba, Australia.
- Improved drinking water quality and taste in Koumala, Australia.
- Empowering voices through clean water initiatives in First Nations communities.
Governance Achievements
- Full strategic and operational review undertaken by the Board following CEO resignation.
- Appointment of Peter Voigt as interim CEO.
- Board approved Risk Management Framework and Risk Appetite Statement.
Climate Goals & Targets
Medium-term Goals:
- Build long-term shareholder value through development and application of innovative solutions.
Short-term Goals:
- Move towards profitability in 2024.
Environmental Challenges
- Move towards profitability (still not at breakeven in 2023).
- Supply chain disruptions (implied due to global factors mentioned).
- COVID-related lockdowns in China delaying Ordos BIONEX™ project.
- Global factors impacting financial performance (inflation, interest rates, war in Ukraine, political and trade disputes, supply chain disruptions).
Mitigation Strategies
- Improved operational efficiency, reducing losses from $11M in 2022 to $5M in 2023.
- Strategic approach to monetize IP portfolio.
- Focus on skills and markets where technology adds value.
- Collaboration with engineering companies for project delivery.
- Multiple suppliers and vendors for components and equipment.
- Monitoring and review of climate change impacts.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather and resource variability
UN Sustainable Development Goals
- Goal 6: Clean Water and Sanitation
- Goal 7: Affordable and Clean Energy
- Goal 9: Industry, Innovation and Infrastructure
- Goal 13: Climate Action
Clean TeQ Water's technologies contribute to these goals through water purification, resource recovery, and sustainable solutions for various industries.
Sustainable Products & Innovation
- CLEAN-IX® metal recovery technology
- ATA® rapid dewatering technology
- HIROX® (high recovery reverse osmosis) plant
- BIONEX™ nitrate removal plant
- EVAPX® system
- cDLE® (continuous direct lithium extraction) technology
- Graphene Membranes
Awards & Recognition
- Laramba Water Treatment Plant nominated for Northern Territory Government’s Chief Minister’s Awards and Australian Water Association’s Northern Territory Project Awards.