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Deal Lead: Anne-Marie Birkill

Background

Peak3 is a Queensland-based company focused on the reduction and monitoring of emissions in mines: the primary focus is on nano and ultrafine particulates from diesel engines, however dust and other emissions both in mines and other industrial/above ground settings are secondary targets. The company has developed emissions reduction hardware (Particulate Reduction Technology – PRT) and emissions monitoring software and processes.

The market need for these solutions is driven by both an immediate regulatory requirement and a bottom line economic driver i.e. the need to reduce operating and maintenance costs in mines. Peak3 is targeting installation of their systems on a number of draglines and underground loaders by EOY 2012.

 

Our Partnership

This investment is OneVentures' first in the Clean Technology space presenting an exciting opportunity to support a company that addresses pressing and environmental and health concerns.  OneVentures will work with Peak3 to finalise product development, complete first commercial trials and develop and exploit markets, initially in the mining industry.

All news

Fresh breath for mine workers

by OneVentures Administrator | Nov 09, 2011

By Hanna Davies Courier Mail, 16 December 2010

Southeast Queensland scientists have developed a world-first technology to reduce the risk of miners becoming ill from breathing in dangerous particulates.

Loganholme company Peak3 yesterday launched the $1 million invention, which uses ultrasonic soundwaves to remove poisonous particles from diesel-powered mining equipment.

The technology has been developed in conjunction with engineers from Queensland University of Technology and is already being trialled in Western Australia by BHP Billiton.

Company CEO Col Chandler said the soundwaves, which are too high to be heard by human ears, are fired into an exhaust where they cause the particles to clump together, enabling easy removal.

“The devices are fitted to mining machines in the form of a very tough steel box, a bit like a speaker”, he said.

The particles produced during the burning of diesel fuel are similar to asbestos particles and known to cause respiratory conditions such as bronchitis and asthma, as well as being linked to cancer and Alzheimer’s.

Mr Chandler said this latest technology could remove even the smallest of particles.

View the article: Courier Mail_16.12.10