Rio Tinto commits $150 million to Centre for Future Materials led by Imperial College London
July 31 2023 - 3:00PM
Business Wire
Rio Tinto has committed $150 million to create a Centre for
Future Materials led by Imperial College London to find innovative
ways to provide the materials the world needs for the energy
transition.
The ‘Rio Tinto Centre for Future Materials’ will fund research
programmes to transform the way vital materials are produced, used
and recycled, and make them more environmentally, economically and
socially sustainable.
Under the partnership, Rio Tinto and Imperial will together
define a set of major global challenges that need to be addressed.
These will form the basis of the first research programmes the
Centre pursues, in partnership with a selection of international
academic institutions.
The Centre will be established in the second half of 2023, with
the first research programmes funded in 2024. Rio Tinto will
contribute $150 million over 10 years to fund the Centre.
Rio Tinto Chief Executive Jakob Stausholm said “For the world to
reach net zero, we must find better ways to provide the materials
it needs. No single player can do this alone, and research and
development plays a vital role. Imperial College London is one of
the world’s leading institutions focused on science and engineering
– I cannot wait to see the progress we make, as we bring together
the best of industry and academia, with shared ambition.”
Professor Mary Ryan, Vice Provost (Research and Enterprise) at
Imperial, said “All aspects of human society rely on materials –
from housing to transport, energy, communications and health. We
need to create sustainable ways to extract, process, and reuse
these resources.
“Moving to a truly sustainable society requires a holistic
approach to these complex industrial processes. This is inherent to
Imperial’s approach. We will tackle these challenges and design
future innovations that are resource and energy efficient, nature
positive, humancentric and just. By working hand-in-hand with other
leading international institutions, we will create a truly
multidisciplinary, global effort to drive the next industrial
revolution in harmony with nature.”
The $150 million commitment has been made in Rio Tinto’s 150th
anniversary year. It will be delivered in 10 annual instalments and
will fund research that empowers diverse, inter-disciplinary teams
to deliver innovative, and transformative solutions with
environment, society, and governance at their core.
The Centre builds on Rio Tinto’s long-standing support of
research and innovation. It will complement an Innovation Advisory
Committee of global experts in their fields that Rio Tinto recently
established to accelerate its innovation portfolio and provide
external insights and guidance on emerging and disruptive
technologies.
The Innovation Advisory Committee includes members with
experience in academia, industry and government. More information
on the Committee can be found at riotinto.com.
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