Rio Tinto partners with Aymium to trial renewable biocarbon product






















Published by Jane Bentham,
Editorial Assistant




Global Mining Review,






Rio Tinto and Aymium have partnered to develop and trial a renewable biocarbon product for use as an alternative resource to reduce emissions in large-scale industrial processes.

The product has been successfully trialled as a replacement for anthracite used in ilmenite smelting processes at Rio Tinto’s metallurgical complex in Sorel-Tracy, Canada, a producer of high-grade titanium dioxide feedstock, as well as iron and steel for specialised applications.

In a strengthening of the partnership, Rio Tinto has made a further equity investment in Aymium following its participation in a funding round in 2022. The second investment is part of Rio Tinto’s support for innovations needed to meet its 2030 emission reduction targets and deliver lower carbon supply chains.

The partners will now be working together on options for large-scale production of a biocarbon product.
Rio Tinto Minerals Chief Executive Sinead Kaufman said: “We are delighted to work with Aymium to develop and trial this renewable biocarbon product that has real potential as an alternative, low carbon resource for our processes. We are investing to deepen our partnership, as part of our commitment to finding better ways to decarbonise our operations and the supply chains we are part of.”

Aymium CEO James Mennell said: “Our mission is to accelerate the transition away from fossil fuels and minimise our environmental impact. We are delighted about Rio Tinto’s follow-on investment as it will further advance our global mission to create bioproducts with enhanced performance and achieve ambitious emissions reduction targets.”

Funds from this investment will be directed towards advancing the construction of Aymium’s new production facilities in North America and supporting their Research and Development initiatives.

Read the article online at: https://www.globalminingreview.com/mining/24112023/rio-tinto-partners-with-aymium-to-trial-renewable-biocarbon-product/


You might also like

 EnviroTech

Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Get your early bird tickets NOW »

 







Django Davidson, Partner and Portfolio Manager, Hosking Partners, highlights how the capital cycle approach gives investors a simple rubric with which to explain the actions of various stakeholders within the industry.



 










Source link

Leave a Reply

Your email address will not be published. Required fields are marked *