Curated News
By: NewsRamp Editorial Staff
May 13, 2024
Latrobe Magnesium Achieves World-First Magnesium Oxide Production from Fly Ash
TLDR
- LMG's unique technology achieves world-first magnesium oxide production from fly ash, giving them a significant advantage in the magnesium industry.
- LMG's patented hydrometallurgical extraction/thermal reduction technology converts nearly 100% of fly ash into valuable by-products, with zero downstream waste or tailings.
- LMG's sustainable production method emits 60% less CO2 than the industry average, aligning with global efforts towards reduced carbon emissions and making the world a better place.
- LMG's successful commissioning of its Stage 1 Demonstration Plant marks a groundbreaking achievement in the magnesium industry, with global significance.
Impact - Why it Matters
The successful commissioning of Latrobe Magnesium's Stage 1 Demonstration Plant signifies a major breakthrough in sustainable magnesium production, with implications for both the industry and global efforts towards reduced carbon emissions. This innovative technology not only offers a more efficient and eco-friendly production method but also has the potential to substantially lower operating costs for traditional magnesium and cement production, ultimately impacting the broader market and environmental sustainability.
Summary
Latrobe Magnesium Ltd (ASX:LMG) has successfully commissioned its Stage 1 Demonstration Plant, achieving a world-first by producing magnesium oxide (MgO) from brown coal fly ash. This milestone marks LMG as the only new magnesium producer in the western world since 2015, utilising a patented hydrometallurgical extraction/thermal reduction technology. The unique process converts nearly 100% of fly ash into valuable by-products with zero downstream waste or tailings, while emitting 60% less CO2 than the industry average. The company is now preparing for a bankable feasibility study and financing discussions for its 10,000 tonnes per annum Stage 2 Commercial Plant, which is already fully contracted.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Latrobe Magnesium Achieves World-First Magnesium Oxide Production from Fly Ash
