A statement from the University said the new technology, a polysulfide "clean-up" agent developed by Flinders' scientist Associate Professor Justin Chalker, could be used to tackle oil spills, mercury pollution and fertiliser runoff.
The deal assigns a number of patents to the Singapore-based CET which plans to manufacture the agent in South Australia. These cover a class of novel polymers used for environmental remediation, and a new mercury- and cyanide-free method of precious metal extraction and recovery, among others.
Also agreed on is research collaboration that provides funding for Chalker and his team to continue their work on the new agent.
Clean Energy Technologies chairman Paul Hanna, Flinders University Deputy Vice-Chancellor (Research) Professor Robert Saint, CET director Wayne Simms and and inventor Associate Professor Justin Chalker at the signing of the deal. Supplied
“I can think of no better example than the work of the Chalker Laboratory in turning their outstanding research into new resources that can be used to deliver a cleaner world.”
CET chairman and co-founder Paul Hanna said: “We are heavily focused on some of the biggest and most challenging environmental problems in the world today — devastating oil spills, growing piles of e-waste and toxic mercury pollution.
“Most countries are grappling with the same big issues and they come at a huge financial, social and environmental cost.
“We are looking for smarter, more effective solutions and our partnership with Flinders University, and the Chalker Research Lab, will go a long way to addressing many of these problems.
“Technology like this, that uses waste to solve waste problems, has huge advantages for industry at the big end of town. It can also save the lives of thousands of small, artisanal miners around the world who use poisonous chemicals, like mercury, to survive and the communities around them."