Ionic Rare Earths Limited (ASX:IXR) Announces Up to 61% CO2 Emission Reductions
Carbon Emission Reductions
Ionic Rare Earths Limited (ASX:IXR) has completed a peer-reviewed Product Carbon Footprint Study conducted by Minviro, demonstrating up to 61% reduction in CO₂ emissions from its magnet recycling process. Specifically, the study highlights a 53% reduction for Didymium oxide ((NdPr)₂O₃) and a 61% reduction for Dysprosium oxide (Dy₂O₃) compared to traditional REO supply chains sourced from primary mining operations.
MagNetZero TM Supply Chain Initiative
The company has launched the MagNetZero TM initiative, aimed at quantifying and controlling embedded carbon within magnet supply chains. This initiative underscores Ionic Rare Earths’ commitment to fostering sustainable and secure REE supply chains for OEMs, significantly lowering both CO₂ and Scope 3 emissions.
Executive Comments
Managing Director Tim Harrison commented, “We are delighted an independent peer review has validated the findings of the LCA conducted by leading sector consultant Minviro, validating that the CO₂ reductions achieved by our process offer profound benefit to OEMs.”
Executive Chairman Brett Lynch added, “Ionic Technologies has now proven it can not only produce separated REOs through magnet recycling, but also offer sustainable carbon emission reduction benefits that are unavailable to conventional producers.”
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