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Orbite Aluminae (TSX:ORT,OTCQX:EORBF) announced the successful development of process parameters and a final design for the production of alumina using fly ash which is created during coal combustion.
As quoted in the press release:
Fly ash typically contains alumina concentrations ranging from 5-35% along with significant levels of silica, iron, rare earths and rare metals, depending on the original composition of the coal. According to the International Energy Agency, coal generates approximately 41% of the world’s electricity and is a significant fuel source for many industrial thermal processes. According to the International Aluminium Institute (IAI), approximately 43% of alumina produced worldwide in 2011 was manufactured using coal as a fuel source. Until now, fly ash produced by coal-fired thermal power plants were stored in reserves or discharged with few options for recycling outside of cement processes.
Orbite President and CEO Richard Boudreault said:
We believe this is a significant breakthrough for Orbite; these results mean that our technology could be used in new ways that were previously unanticipated. Recovery of the elements contained in fly ash would not only solve an environmental liability but also generate revenues for companies using coal-based thermal power in Asia, Australia, Europe, and the Americas.
Click here to read the Orbite Aluminae (TSX:ORT,OTCQX:EORBF) press release
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