Ionic Rare Earths (ASX:IXR) has completed a peer review of a product carbon footprint study on its subsidiary Ionic Technologies’ magnet recycling process.
The final life cycle assessment (LCA) results highlight the made-in-Belfast technology’s potential to lower scope three emissions for the original equipment manufacturer supply chain compared to existing rare earth oxide sourced from mine supply.
Ionic Rare Earths says the peer review confirmed up to 53% CO2 emissions reductions for didymium oxide, up to 61% CO2 emissions reduction for dysprosium oxide, and up to 61% in CO2 emissions reduction per megawatt direct drive in wind turbines using rare earth permanent magnets.
These results are considered a major boost for the company for a more sustainable rare earth supply chain for the UK, Europe, and global ex-China market.
Managing Director Tim Harrison says Ionic Technologies will work with offtakers to quantify the CO2 impact of the products, and how this can benefit their supply chains and products.
“Unlike other magnet recyclers, we produce separated REOs, which are of equivalent quality to primary REO materials,” Harrison says.
“Now we can quantify exactly how much CO2 that our customers can expect to eliminate through inclusion of our products in the supply chain — an invaluable source of data for manufacturers seeking to quantify and actively manage their emissions.”
Based on this achievement, the company is launching its MagNetZero brand, a collaborative platform for quantifying and controlling embedded carbon within magnet supply chains.
Ionic Rare Earths will further develop this new brand in collaboration with stakeholders, supporting knowledge sharing and sustainability across this key critical minerals industry.
Ionic Rare Earths is an emerging miner, refiner, and recycler of sustainable and traceable magnet and heavy rare earths needed to develop net-zero carbon technologies.
Write to Aaliyah Rogan at Mining.com.au
Images: Ionic Rare Earths
