leadf
logo-loader
viewLatrobe Magnesium Ltd

Latrobe Magnesium receives patent for hydromet process in India

The patent follows India’s commitment to reduce greenhouse gas emissions in car and power generation industries.

1547178511_patents.jpg
To date the company has concentrated on Victoria’s Latrobe Valley and Germany

Latrobe Magnesium Limited (ASX:LMG) has received a patent in India for its hydromet process which utilises spent fly ash from brown coal-powered electricity generation to produce magnesium.

In making magnesium, LMG’s hydromet process produces at least 60% fewer carbon emissions than Chinese magnesium.

Efficient production of magnesium

This unique process involves the treatment of spent fly ash from brown coal-powered electricity generation using chemicals to reduce sulphur, iron and silicon to acceptable levels.

Beneficiated material is then used as feedstock in the thermal reduction process.

The result is an efficient means of producing magnesium as well as supplementary material extracted from tailings of industrial fly ash.

Previous patents granted

Patents for Australia, Europe, the United States and Indonesia were granted in August 2011 for a total of 20 years.

All these countries as well as India are known to have large lignite/brown coal deposits.

With the patent now granted in India, LMG will investigate potential licensing opportunities.

- Jessica Cummins

Quick facts: Latrobe Magnesium Ltd

Price: 0.024 AUD

ASX:LMG
Market: ASX
Market Cap: $31.12 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Davide Bosio previews hotly anticipated IPOs for Miramar Resources and Zebit

Davide Bosio from Shaw and Partners says it's been a terrific start to the listing process for Miramar Resources, a junior West Australia exploration company. ''We opened up the offer and closed literally on the same day raising $8mln''. Bosio adds that Zebit is still on track to list on the ASX...

21 hours, 41 minutes ago

2 min read