Suvo Strategic Minerals Limited (ASX: SUV) has announced that its wholly owned subsidiary, Climate Tech Cement Pty Ltd (CTC), has executed a co-operation agreement with Indonesia’s PT Huadi Bantaeng Industrial Park (PT HBIP), the managing company of the Bantaeng Industrial Park.
“We are excited to commence this workstream in Indonesia where we will be testing the by-product of one of the country’s largest miners. This has the potential to be a significant milestone for the company as we intend to build on our intellectual property developed to date, locally here in Western Australia. Our aim is to incorporate the slag by-product produced and stockpiled by PT Huadi in a geopolymer mix-design, with the goal being to make a geopolymer cement binder which could be an eco-friendly alternative to the high emitting traditional clinker-based cement binder currently used globally.” – Executive chairman, Aaron Banks commented.
PT Huadi Nickel-Alloy Indonesia (PT HNI), a tenant of the Bantaeng Industrial Park, is a nickel pig iron (NPI) operation located in South Sulawesi, around 140km southeast of the province’s capital, Makassar. PT HNI produces and stockpiles significant quantities of a slag by-product (the material) as part of its operations in Indonesia. CTC intends to undertake testing of the material to evaluate its suitability for use in the manufacture of geopolymer cement or concrete products. CTC agrees to share the results with PT HBIP for the purpose of the parties considering whether to enter a potential commercial arrangement including with respect to the ongoing offtake of the material from PT HBIP, and the commercialisation of the material by CTC.
The worldwide production of cement equates to ~4.0Bt which results in ~3.2Bt of CO2 per year, representing 8% of global greenhouse gas emissions. Cement powder is mixed with water and aggregates to make the building material known as concrete.
The global geopolymer market size reached US$7.3B in 2023. Looking forward, IMARC Group expects the market to reach US$40B by 2032, exhibiting a growth rate (CAGR) of 20.9% during 2024-2032. The growing focus on sustainable construction practices to reduce carbon footprint, rising awareness about environmental pollution, along with favourable government initiatives, and increasing demand for waste management solutions are some of the major factors propelling the market. Geopolymer is an eco-friendly and sustainable choice for construction and infrastructure projects, the demand for geopolymers is rising across the globe.
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