Zeotech (ASX:ZEO) executed a nonbinding letter of intent with Gladstone Ports to develop AusPozz manufacturing and bulk storage facilities at the port of Bundaberg in Queensland, according to a Monday Australian bourse filing.

The letter has an 18-month term and will expire on August 20, 2026, the filing said.

It provides a framework and development gateways for the parties to consider whether the land and the port facilities are suitable for the potential project, per the filing.