Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) and Veolia Environmental Services signed an agreement for the treatment and recycling of red mud generated by industrial alumina production using the Bayer process. Veolia Environmental Services is the only worldwide integrated operator that covers the entire value chain of waste management (collection, sanitation, treatment, and recovery).
As quoted in the press release:
The terms of the partnership include the construction of the first plant to treat red mud using Orbite’s patented process.
Orbite Aluminae Inc. President and CEO, Richard Boudreault said:
Demand for alumina continues to grow on a global scale and worldwide stocks of untreated red mud are estimated at nearly three billion tonnes. By partnering together, Orbite and Veolia become the global leader in the treatment and recycling of red mud, which is one of the main environmental challenges for the aluminum industry.
|There is no guide to critical metals investing that is more concise, clear and authoritative. Download this FREE Special Report, Investing in Today’s Critical Metals – Context for Lynas News and Molycorp News.|