IperionX and Aperam Recycling partner to create 100% closed loop titanium supply chain
IperionX and Aperam Recycling partner to create 100% closed loop titanium supply chain Marketscreener.com
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IperionX and Aperam Recycling Partner to Create 100% Closed Loop Titanium Supply Chain
IperionX Limited (“IperionX”) (NASDAQ:IPX, ASX: IPX) and Aperam Recycling throughits American entity ELG Utica Alloys (“ELG”)have executed an agreement to create a low-carbon 100% closed loop titanium supply chain. ELG will supply clean titanium scrap metal and IperionX will use its patented titanium processing technologies to produce low-carbon titanium metal for a more sustainable and fully circular supply chain.
Aperam’s Commitment to Sustainable Development Goals
- Stainless & Electrical Steel
- Services & Solutions
- Alloys & Specialties
- Recycling & Renewables
About ELG Utica Alloys
- Leading global specialist in sourcing and processing titanium, stainless steel, and super alloys
- Processes over one million metric tonnes of metal annually
The Need for a Sustainable Titanium Supply Chain in the U.S.
Titanium metal in the U.S. is currently sourced over long distances from high carbon supply chains with traceability issues. Domestic manufacturing of titanium components generates a large amount of titanium scrap metal in the form of cuttings and turnings which are typically downcycled to the ferrotitanium market.
To ensure a more affordable and sustainable domestic manufacturing sector, the U.S. needs to re-shore low carbon titanium production, unlock new sources of titanium materials and close the loop of the supply chain by recycling more titanium metal. Higher levels of titanium recycling can reduce costs, lower carbon emissions and mitigate supply chain shortages.
The Partnership between IperionX and ELG
This agreement between IperionX and ELG will use scrap titanium feedstocks from manufacturing waste and end-of-life titanium metal products, to re-shore advanced low-carbon titanium metal production and create a more sustainable, 100% closed loop U.S. titanium supply chain.
Statements from the CEOs
Carsten Becker, ELG Utica Alloys CEO said:
“We are happy to announce our new partnership with IperionX, further growing the circular economy for titanium in the U.S. This agreement with IperionX enables us to ensure that even more titanium material is recycled and stays in a closed loop, overall reducing our titanium scrap intensity carbon emissions[1], further driving Aperam’s sustainability efforts.”
Anastasios (Taso) Arima, IperionX CEO said:
“We are pleased to partner with Aperam to advance a more sustainable 100% closed loop U.S. titanium supply chain. This agreement with Aperam Recycling provides the potential to unlock a secure, long term supply of scrap titanium feedstock to create value for our customers with a lower cost, low-carbon, titanium supply chain for advanced American manufacturing.”
About IperionX
IperionX’s mission is to be the leading developer of low carbon titanium for advanced industries including space, aerospace, electric vehicles and 3D printing. IperionX holds an exclusive option to acquire breakthrough titanium technologies that can produce titanium products that are low carbon and fully circular. IperionX is producing titanium metal powders from titanium scrap at its operational pilot facility in Utah, and intends to scale production at a Titanium Demonstration Facility in Virginia. IperionX holds a 100% interest in the Titan Project, which has the largest JORC-compliant resource of titanium, rare earth and zircon rich mineral sands in the United States.
For further information and enquiries please contact:
- info@iperionx.com
- +1 704 461 8000
About Aperam
Aperam is a global player in stainless, electrical and specialty steel and recycling,
Aperam has a flat Stainless and Electrical steel capacity of 2.5 million tonnes in Brazil and Europe and is a leader in high value specialty products. In addition to its industrial network, spread over six production facilities in Brazil, Belgium and France, Aperam has a highly integrated distribution, processing and services network and a unique capability to produce low carbon footprint stainless and special steels from biomass, stainless steel scrap and high performance alloys scrap. With Bioenergia and its unique capability to produce charcoal made from its own FSC®-certified forestry and with our Recycling activities (expanded with our acquisition of ELG in 2021), a global leader in collecting, trading, processing and recycling of stainless steel scrap and high performance alloys, Aperam’s places sustainability at the heart of its business, helping customers worldwide to excel in the circular economy. Thanks to BioEnergia forestry sequestration, Aperam’s Brazilian operations presented a certified net negative GHG balance (scope 1+2) in 2022.
In 2022, Aperam had sales of EUR 8,156 million and shipments of 2.31 million tonnes.
About ELG Utica Alloys
ELG Utica Alloys is part of ELG Group – Aperam Recycling division – a world-leading trader and recycler of stainless steel, high-performance alloys and metals and prime materials, with revenues of more than $2 billion. ELG Utica Alloys
SDGs, Targets, and Indicators
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 12: Responsible Consumption and Production
- SDG 13: Climate Action
The article discusses the need for a low-carbon and fully circular supply chain for titanium, which aligns with SDG 9’s focus on sustainable industrialization and innovation. It also emphasizes the importance of recycling titanium to reduce carbon emissions and mitigate supply chain shortages, which relates to SDG 12’s goal of responsible consumption and production. Additionally, the article highlights the potential for lower carbon emissions through the creation of a more sustainable supply chain, linking to SDG 13’s objective of taking urgent action to combat climate change.
2. What specific targets under those SDGs can be identified based on the article’s content?
- Target 9.2: Promote inclusive and sustainable industrialization and, by 2030, significantly raise industry’s share of employment and gross domestic product (GDP) in line with national circumstances
- Target 12.5: By 2030, substantially reduce waste generation through prevention, reduction, recycling, and reuse
- Target 13.2: Integrate climate change measures into national policies, strategies, and planning
The article highlights the need for sustainable industrialization in the titanium sector, which aligns with Target 9.2 of SDG 9. It also emphasizes the importance of recycling titanium to reduce waste generation, supporting Target 12.5 of SDG 12. Additionally, the article discusses the integration of climate change measures into the supply chain to reduce carbon emissions, which relates to Target 13.2 of SDG 13.
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
- Indicator 9.2.1: Manufacturing value added as a proportion of GDP and per capita
- Indicator 12.5.1: National recycling rate, tons of material recycled
- Indicator 13.2.1: Number of countries that have communicated the strengthening of institutional, systemic, and individual capacity-building to implement adaptation, mitigation, and technology transfer
The article does not explicitly mention these indicators, but they can be used to measure progress towards the identified targets. Indicator 9.2.1 can assess the contribution of the titanium industry to GDP and employment, Indicator 12.5.1 can measure the recycling rate of titanium materials, and Indicator 13.2.1 can track the implementation of climate change measures in the supply chain.
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 9: Industry, Innovation, and Infrastructure | Target 9.2: Promote inclusive and sustainable industrialization and, by 2030, significantly raise industry’s share of employment and GDP in line with national circumstances | Indicator 9.2.1: Manufacturing value added as a proportion of GDP and per capita |
| SDG 12: Responsible Consumption and Production | Target 12.5: By 2030, substantially reduce waste generation through prevention, reduction, recycling, and reuse | Indicator 12.5.1: National recycling rate, tons of material recycled |
| SDG 13: Climate Action | Target 13.2: Integrate climate change measures into national policies, strategies, and planning | Indicator 13.2.1: Number of countries that have communicated the strengthening of institutional, systemic, and individual capacity-building to implement adaptation, mitigation, and technology transfer |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: marketscreener.com
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