Rio Tinto: joint venture in renewable bio-carbon
(CercleFinance.com) - Rio Tinto announces that it has formed a new joint venture with Aymium called Évolys Québec with the aim of manufacturing a renewable metallurgical bio-carbon product to reduce carbon emissions in large-scale industrial processes.
This bio-carbon, derived from biomass residues, offers an alternative to the anthracite currently used in the ilmenite reduction process at Rio Tinto's Sorel-Tracy metallurgical complex.
The joint venture will be established on the site of a former pulp and paper mill in Thurso, Quebec.
The Quebec government has selected Rio Tinto and Aymium to jointly revitalize these facilities.
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