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Parkway Corporate Limited (ASX:PWN)

ALERT: Price-sensitive ASX Announcement for PWN
Current share price for PWN : $0.011 -0.001 (-8.33%)+
Announcement
Release
20 Aug 2026 11:29AM
Price at Release
$0.012
Full Release
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Summary
Parkway Corporate Limited has secured key approvals for the development of the Queensland Brine Management Complex (QBMC), including the Development Application and Environmental Authority. This marks a significant milestone in the project, enabling the QBMC to become the first regulated facility in Queensland capable of processing coal seam gas (CSG) derived waste brine and salts into industrial chemicals. The QBMC project is strategically aligned with regulatory frameworks favoring beneficial use and resource recovery, presenting a more sustainable path for brine management. The facility's full-scale commercial operation is expected to handle significant volumes of waste brine, promoting the transition from waste liability to managed resources and supporting industrial chemical production within Australia.
Key Points
  • Parkway obtained key approvals including the Development Application and Environmental Authority for QBMC.
  • QBMC will be the first regulated facility to process CSG derived waste brine and salts in Queensland.
  • The project aligns with regulatory objectives for beneficial use and resource recovery.
  • QBMC aims to transform waste brine into industrial chemicals, supporting sustainable practices.
  • The project has strong financial metrics with a projected NPV of over $700 million and IRR of over 30%.
  • It addresses long-term environmental and regulatory challenges associated with CSG waste brine.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.