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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POSITIVE IMPACT
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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IMPORTANCE 75
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