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Calix is pleased to announce it has executed a Heads of Agreement with Adbri Limited (ASX:ABC) covering the development of a lime project for lime production, with CO2 capture and multi-fuel options.
The production of lime currently emits roughly 1 tonne of CO2 per 1 tonne of lime produced. Lime is used extensively in producing steel, aluminium, rare earths, gold and many other minerals and is thus a significant contributor to those important industries’ carbon footprints.
With the EU announcing the intention to erect trade barriers on the basis of carbon, and with other economies likely to follow, it is vital Australian industry start to adapt to producing lower carbon footprint products to maintain export viable industries.
This recently signed Heads of Agreement outlines Calix and Adbri’s intent to progressing a feasibility study covering site selection, raw materials and proof of marketable product, and basis of design covering CO2 capture from lime production, and multi-fuel / energy options, targeting early 2022 completion.
Feasibility work on the project would cover lime production of around 30,000 tonnes per annum, including demonstration of 20,000 tonnes per annum of CO2 capture and multiple fuel options (including natural gas, hydrogen and electricity).
The project is framed around a 5–year development and demonstration program and will also seek appropriate funding under the Federal Government’s low emissions technology roadmap.
The project represents a world-first development of a commercial-scale, zero-emissions lime production facility.
Calix CEO and MD Phil Hodgson said:
“We have seen a significant increase in inbound enquiries in Calix technology driven by the rapidly increasing interest in investing in Environment, Social and Governance themes, from countries, companies and investors. This important project is a world-first in ambition to produce zero-emissions lime, one of the most important industrial products globally, and it is great to be developing this in partnership with Adbri, in an Australian project, with Australian technology.”