The BMW Group through its venture capital fund BMW i Ventures has taken a stake in Colorado based US Company Jetti Resources. The goal is to foster responsible and resource-conserving copper extraction to address rising demand in a more sustainable way. Founded in 2014, Jetti Resources has developed a pioneering process for copper extraction that utilizes previously unused ore from existing copper mines. Jetti Resources has developed a unique catalytic leaching technology that enables the extraction of copper from previously unexploited ores. Around 70 percent of the world’s copper resources are bound up in those primary sulfide ores. Material, previously stored in dumps and considered waste, can now be tapped into with this new form of resource-conserving extraction. This process enables the recovery of previously trapped copper resources, thus significantly increasing the output and lifespan of existing copper production facilities. This way, copper extraction becomes substantially more efficient and reduces its environmental impact. Jetti Resources’ method allows copper mines to use heap leaching on these ores, which causes around 40% fewer CO2 emissions compared to traditional raw material extraction and uses only approximately 50% of the water. The technology is already being deployed to great success at industrial scale. Jetti Resources plans to push ahead with global expansion together with its partners. As copper is a vital raw material to produce electric drivetrains in EVs, demand is forecasted to grow substantially in the coming years. As early as 2030, at least half of BMW Group’s global sales will consist of fully electric vehicles.
The BMW Group through its venture capital fund BMW i Ventures has taken a stake in Colorado based US Company Jetti Resources. The goal is to foster responsible and resource-conserving copper extraction to address rising demand in a more sustainable way. Founded in 2014, Jetti Resources has developed a pioneering process for copper extraction that utilizes previously unused ore from existing copper mines. Jetti Resources has developed a unique catalytic leaching technology that enables the extraction of copper from previously unexploited ores. Around 70 percent of the world’s copper resources are bound up in those primary sulfide ores. Material, previously stored in dumps and considered waste, can now be tapped into with this new form of resource-conserving extraction. This process enables the recovery of previously trapped copper resources, thus significantly increasing the output and lifespan of existing copper production facilities. This way, copper extraction becomes substantially more efficient and reduces its environmental impact. Jetti Resources’ method allows copper mines to use heap leaching on these ores, which causes around 40% fewer CO2 emissions compared to traditional raw material extraction and uses only approximately 50% of the water. The technology is already being deployed to great success at industrial scale. Jetti Resources plans to push ahead with global expansion together with its partners. As copper is a vital raw material to produce electric drivetrains in EVs, demand is forecasted to grow substantially in the coming years. As early as 2030, at least half of BMW Group’s global sales will consist of fully electric vehicles.
