RHI Magnesita has signed a long-term strategic cooperation agreement with the Australian cleantech MCi Carbon. RHI Magnesita CEO Mr Stefan Borgas said “This partnership could become a breakthrough towards decarbonizing the industry. It fits seamlessly with RHI Magnesita’s ambitious sustainability strategy. We still have a long way to go but our early-stage investment and the clear intention of a long-term collaboration make this day so memorable. Together with the like-minded team from MCi we will pave the way for a greener industry.” To date, both companies have worked together on CO2 mitigation studies, mineral Decarbonisation feedstock assessments and techno-economic analyses at RHI Magnesita’s worldwide sites. The investment now results from the cleantech’s high industrial research maturity as well as its technology’s exceptional suitability for use in the refractories industry and within the group itself. In a next step, the companies’ joint efforts will focus on industrial scale-up, expected to kick-off in 2024 with the setup of a demonstration plant by MCi in Newcastle in Australia, supported by the Australian government and in alignment with the goals of Mission Innovation’s Net Zero Industries initiative, co-led by Austria and Australia. MCi’s technology presents a safe and profitable means of storing CO2 permanently. The chemical process, called mineral carbonation, creates a range of low-carbon embodied materials, including calcium and magnesium carbonate by carbonating minerals in by-products of industrial processes. For this innovative climate solution, MCi has recently been awarded #1 Global Cleantech Pitch at COP26 in Glasgow. RHI Magnesita is the world’s leading manufacturer of refractory materials, which are used in all high-temperature industrial processes. As market leader, RHI Magnesita has a responsibility to drive sustainability. Striving to reduce CO2 emissions is therefore one of the company’s top priorities. A significant share of the company’s carbon emissions is released during mineral processing. Decarbonizing the company therefore requires unprecedented innovation and new technologies. RHI Magnesita is convinced of the potential of mineralization to achieve a significant CO2 reduction within its Scope1 emissions
RHI Magnesita has signed a long-term strategic cooperation agreement with the Australian cleantech MCi Carbon. RHI Magnesita CEO Mr Stefan Borgas said “This partnership could become a breakthrough towards decarbonizing the industry. It fits seamlessly with RHI Magnesita’s ambitious sustainability strategy. We still have a long way to go but our early-stage investment and the clear intention of a long-term collaboration make this day so memorable. Together with the like-minded team from MCi we will pave the way for a greener industry.” To date, both companies have worked together on CO2 mitigation studies, mineral Decarbonisation feedstock assessments and techno-economic analyses at RHI Magnesita’s worldwide sites. The investment now results from the cleantech’s high industrial research maturity as well as its technology’s exceptional suitability for use in the refractories industry and within the group itself. In a next step, the companies’ joint efforts will focus on industrial scale-up, expected to kick-off in 2024 with the setup of a demonstration plant by MCi in Newcastle in Australia, supported by the Australian government and in alignment with the goals of Mission Innovation’s Net Zero Industries initiative, co-led by Austria and Australia. MCi’s technology presents a safe and profitable means of storing CO2 permanently. The chemical process, called mineral carbonation, creates a range of low-carbon embodied materials, including calcium and magnesium carbonate by carbonating minerals in by-products of industrial processes. For this innovative climate solution, MCi has recently been awarded #1 Global Cleantech Pitch at COP26 in Glasgow. RHI Magnesita is the world’s leading manufacturer of refractory materials, which are used in all high-temperature industrial processes. As market leader, RHI Magnesita has a responsibility to drive sustainability. Striving to reduce CO2 emissions is therefore one of the company’s top priorities. A significant share of the company’s carbon emissions is released during mineral processing. Decarbonizing the company therefore requires unprecedented innovation and new technologies. RHI Magnesita is convinced of the potential of mineralization to achieve a significant CO2 reduction within its Scope1 emissions
