EDEN INNOVATIONS LTD — Call Transcript 2011

Mar 9, 2011

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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

10 MARCH 2011

BoardRoomRadio.com AUDIO BROADCAST

EDEN ENERGY LIMITED (EDE) provides the opportunity to listen to an audio broadcast with Mr Greg Solomon, Executive Chairman in a presentation titled "Eden Energy Breakthrough on Carbon Catalyst Production - Gregory Solomon, Executive Chairman" .

To listen , copy the following details into your web browser: brr.com.au/event/ 77445

The presentation details are as follows:

• Eden Energy Breakthrough on Carbon Catalyst Production - Gregory Solomon, Executive Chairman

• Presented by Mr Greg Solomon, Executive Chairman

• Thursday,10 March 2011 10:30am AEDT

Transcript

RADIO INTERVIEW WITH GREG SOLOMON, EXECUTIVE CHAIRMAN, EDEN ENERGY LIMITED, CONDUCTED ON WEDNESDAY, 9 MARCH 2011

Welcome to Boardroom Radio.

• Q1 Today on Boardroom Radio, I am joined by Eden Energy's Executive Chairman, Mr Greg Solomon. Greg, thanks for your time and nice to have you on the line today.

• A1 Thank you very much James.

• Q2 Now, you have made an announcement with regards to a US arm of Eden Energy and a breakthrough on the catalyst production for manufacturing super-strong, super-light nano-carbon products. Can you tell me a little bit about the background on the pyrolysis process that you are undertaking.

• A2 Yes, James. The pyrolysis process is something that we started some four or five years ago: an R&D project with the University of Queensland where we were aiming to be producing hydrogen without producing carbon dioxide.

• The process is you take Natural Gas, which is methane (or CH4 is the chemical formula for Natural Gas), and you separate the molecule into its constitute atoms of carbon and hydrogen.

We developed that process with the University of Queensland and we were successful in the work that we did and we were able to produce the carbon in the form of both carbon nanotubes and carbon nanofibres, which are these super strong and ultra light forms of carbon as solid carbon with the only by-product being pure hydrogen that is coming off.

Level 40 Exchange Plaza, 2 The Esplanade, Perth, Western Australia, 6000 Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866 Website: www.edenenergy.com.au

There is no carbon dioxide produced in this process. That is essentially what the process is and we bought the University of Queensland’s interest out last year. They are still working with us and we are collaborating with them on other research projects, but we've taken the technology to the United States and there we have set about moving this from a laboratory scale up to a commercial scale operation.

Q3 Now Greg, can you tell me a little bit about the market size and demand for the carbon nanotubes and nanofibres and to what extent is your process sufficient to meet commercial demand.

• A3 Yes, James. The market for the carbon nanotubes and carbon nanofibres is really very much an emerging market. These products were really only developed over the last fifteen or so years since about the mid-1990s and there is still a huge amount of research being done right around the world in many, many universities in relation to the various applications.

The carbon that is formed, as most people are aware, can have very, very strong forms such as diamonds. In the case of carbon nanotubes its actually far stronger than diamonds. It can be up to 200-300 times as strong as steel. It can be almost a super-conductor- very, very conductive of both electricity and also heat.

So you've got this combination of both strength and conductivity and largely most of the research is in terms of applications looks at utilising one or other of those particular qualities. There are also other uses that are being developed around the structure – the chemical structure, the atomic structure – of the carbon itself.

By and large it really relates to applications that relate to the strength characteristics or to the conductivity, either electrical or thermal.

In our situation, we've been looking largely for bulk applications. We haven't been trying to focus on the high-quality smaller markets. We're looking for a large, broad-scale process that we can use which will produce large quantities of hydrogen that we can capture for our various hydrogen technologies that we are marketing and at the same time produce large quantities of carbon in one form or other that we can find a suitable commercial market for. The markets that we've actually been focussing on have been things such as the concrete market, the plastics market, the rubber market.

The addition of the carbon in all of these applications is largely related to the strength characteristic, but also in some cases related to the conductivity, both electrical and thermal. So that's essentially what we have been focussing on and the idea is to look for particular bulk applications where we can take very large quantities of carbon that we could produce on a large commercial scale and find a commercial home for them where they can be very effective.

If you take concrete for argument’s sake, the production of cement actually produces something like 15% of the world's greenhouse gases. It’s a very, very greenhouse gas intensive process and if we can find uses to add our carbon to cement, which is then turned into concrete, and start saving significantly on the quantities of concrete that are required for certain applications, this will not only provide a very good commercial product for our carbon but also have a huge reduction overall in the amount of greenhouse gas that is produced in the total concrete process.

Q4 And Greg, in terms of Eden's prospects why is today's announcement so important?

A4 Today's announcement is extremely important James because this process, the pyrolysis process, essentially revolves around a catalyst.

The process is a very simple process where you take Natural Gas, you put it into a reactor in the presence of the catalyst and you heat it, and the methane molecules – the CH4 – just simply separate into the hydrogen and the carbon and depending upon the sort of catalyst you have as to what sort of carbon you produce.

The major cost in this whole process is in fact the catalyst and what we have been able to do is, since we have taken the process from the University of Queensland across to the US, we have developed a new strategy for actually producing the catalyst which is something like fifteen

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times faster than the process that was previously used and is also able to produce a far higher quality and a greater carbon output per gram of catalyst.

So, not only is it cheaper to actually produce the catalyst, but the catalyst itself is also more effective. So, as that is one of the major costs in this whole pyrolysis process, it is a major step forward in terms of moving to a commercial scale of production which will achieve a commercial outcome.

• Q5 Well Greg, it certainly seems like the announcement has been well received by the market and an exciting development for your company. We look forward to following further news from Eden Energy when you have it available.

A5 Thank you very much James.

INTERVIEW CONCLUDED

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Gregory H. Solomon Executive Chairman

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