Rio Tinto Partners With Aymium To Trial Renewable Biocarbon Product
Portfolio Pulse from Benzinga Newsdesk
Rio Tinto has partnered with Aymium to develop and trial a renewable biocarbon product aimed at reducing emissions in industrial processes. The product has been successfully tested at Rio Tinto's Sorel-Tracy complex. Rio Tinto has made a further equity investment in Aymium, following an initial investment in 2022, to support its 2030 emission reduction targets. The partnership will explore large-scale production options for the biocarbon product. Both companies are committed to decarbonizing operations and supply chains, with Aymium focusing on transitioning away from fossil fuels.
November 21, 2023 | 3:02 pm
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Rio Tinto's partnership with Aymium and further investment in the company underscore its commitment to sustainability and emission reduction. The successful trial of the biocarbon product at its Sorel-Tracy complex could lead to more environmentally friendly operations.
The news of a successful trial and further investment by Rio Tinto in Aymium is likely to be viewed positively by investors who are increasingly focused on sustainability. This could lead to a short-term positive impact on Rio Tinto's stock as the market reacts to the company's proactive steps towards meeting its emission reduction targets and investing in renewable technologies.
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