RHI Magnesita, a leading global provider of refractory solutions, has announced its partnership with the Australian clean technology platform, MCi Carbon, to incorporate carbon capture and utilization technology into its operations. This collaboration entails a substantial investment from RHI Magnesita and marks a significant milestone for MCi Carbon in its mission to commercialize its groundbreaking technology.
Marcus Dawe, Founder and CEO of MCi Carbon, conveyed his enthusiasm for the partnership, asserting that the investment from RHI Magnesita validates the transformative potential of their technology. He emphasized the significance of addressing the challenges encountered by heavy industries in achieving decarbonization, and underscored the crucial role that their collaboration with RHI Magnesita will play in this endeavor.
Stefan Borgas, CEO of RHI Magnesita, also commended the partnership with MCi Carbon, acknowledging the forward-looking nature of their technological approach. He emphasized the importance of integrating carbon capture storage and carbon utilization, positioning it as a promising solution for reducing process emissions in the refractory industry.
This collaboration builds upon a long-term strategic cooperation agreement signed between RHI Magnesita and MCi, with the aim of driving the decarbonization of key components of RHI Magnesita’s operations. The partnership solidifies RHI Magnesita as MCi Carbon’s inaugural global commercial customer, representing a significant stride towards the adoption of sustainable and environmentally-friendly practices in the refractory industry.
The investment from RHI Magnesita will facilitate the completion of the Myrtle facility in Newcastle, Australia, which is set to become a vital hub for carbon abatement. Once operational, the facility is expected to mitigate over 1,000 tonnes of CO2 annually through targeted trial campaigns. The scalability of this technology is particularly noteworthy, as it offers decarbonization pathways for challenging industrial sectors such as steel, cement, lime, mining, chemicals, and manufacturing.
In summary, the partnership between RHI Magnesita and MCi Carbon signifies a momentous advancement in the pursuit of sustainable and environmentally-conscious practices within the refractory industry. It not only underscores the commitment of both entities to drive innovation, but also signals a pivotal juncture in the global transition towards a low-carbon future. With this partnership, the stage is set for a transformative shift in refractory operations, paving the way for a more sustainable and eco-friendly industry landscape.
+ There are no comments
Add yours