Rio Tinto partners with Aymium to trial renewable biocarbon product
November 21 2023 - 10:00AM
Business Wire
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, a world leading 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 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 minimize 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.
Notes to editors
Aymium produces high-value biocarbon and biohydrogen products
that can be used to immediately replace fossil fuels in the
production of metals, energy, crops, and in the purification of
water and air with no modifications to equipment or processes.
Produced using sustainably sourced biomass –recovered and unusable
wood – Aymium’s bioproducts are renewable, carbon-negative and they
replace emission-heavy fossil fuels such as coal and coke. Aymium’s
leading technology is backed by more than 350 issued or pending
patents on a global basis. Aymium is headquartered in
Minnesota.
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