LONDON, Feb. 19, 2013 /PRNewswire/ -- EcoBasalt Ltd. will present at CleanEquity Monaco 2013 on March 7th & 8th at the Sporting d'Hiver, Monaco. (Logo: http://photos.prnewswire.com/prnh/20121119/CL15975LOGO ) CleanEquity Monaco is an annual invitation-only event hosted by Innovator Capital, the London based specialist cleantech investment bank. Other partners and sponsors include Prince Albert II of Monaco's Foundation, Covington & Burling, Qualcomm, MDB Capital, PR Newswire, Kwittken & Company, the Monte-Carlo SBM and Monaco Chamber of Economic Development. EcoBasalthas been identified by an expert panel as one of the world's most innovative CleanTech companies and has been selected to present to senior financial and strategic cleantech investors, policy makers, legislators, end users and media. About EcoBasalt EcoBasaltis a NanoMaterials CleanTech company that operates in the domain of OIL SPILLS. Current oil removal methods are rather ineffective, slow, complex, and merely move toxicity from one location (surface water) to another: land fills, deeper waters, or into the air until it precipitates back to earth. Plus, disposal costs are exceedingly high. Our solution is a truly unique, natural, inorganic oil sorbent, "SB-1", made from Super Thin Basalt Fibers, extruded from molten basalt (volcanic) rock. After decades of R&D, trial & error, tests & evaluations, we have a product that has proven to adsorb oil faster, safer, more efficiently and economically than any other sorbent material. Moreover, it is 100% ecofriendly. In addition, the adsorbed oil can be easily removed and used, and the used SB-1 sorbent material can be recycled. Both of which are huge cost savers. We, the founders of EcoBasalt, are a top-notch, passionate team of 5 experts in materials and composites engineering, oil spill control, basalt fiber development and production, experienced in corporate management, market research, manufacturing, international business development, marketing & sales. EcoBasalt is not a single product company. We have been working on other applications in a variety of fields and industries where our unique type of basalt fibers can make a difference.