Ionic Rare Earths (ASX:IXR) Reports 30-50% CO2 Reduction in Recycling Process
Product Carbon Footprint Study
Preliminary results from Minviro’s Life Cycle Assessment indicate Ionic Rare Earths Limited’s magnet recycling process reduces CO2 emissions by approximately 30-50% compared to conventional primary Rare Earth Oxide producers. The study is undergoing peer review, with final outcomes expected in March 2025. This reduction supports a more sustainable REE supply chain for the UK and Europe, aligning with the company’s Belfast manufacturing plans.
Executive Comments
IonicRE’s Managing Director, Tim Harrison, stated, “These preliminary results indicate that Ionic Technologies’ patented process represents a step-change in the CO2 impact of REO production. Minviro is a global leader in peer-reviewed, ISO certified studies, utilising LCA methodologies to accurately quantify the CO2 impact of technologies, and the validation of our process that their assessment provides is invaluable.”
Collaboration and Supply Chain
Ionic Technologies is collaborating with Less Common Metals and Ford Technologies to develop a UK supply chain for recycled magnets, supported by UK government initiatives. The Belfast plant is the first in the Western world to produce recycled, individually separated magnet REOs.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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