Total
0
Shares
Calix (CXL) - CEO, Phil Hodgson (left)
CEO, Phil Hodgson (left)
Source: Farm Online
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Calix (CXL) and global refractory company, RHI Magnesita, sign a memorandum of understanding (MoU)
  • The companies will develop Calix’s technology to produce refractory materials that’ll enable carbon dioxide separation either for use or storage
  • Separation, storage or reuse of carbon dioxide is an important part of decarbonising the refractory industry
  • Calix and RHI will also undertake studies, including basic front-end engineering and design for a commercial-scale demonstration facility
  • Calix ended the day 6.54 per cent in the green to close at $2.77

Calix (CXL) and RHI Magnesita have signed a memorandum of understanding (MoU) to develop a commercial-scale demonstration facility.

RHI Magnesita is a global supplier of high-grade refractory products, systems and solutions. Like Calix, RHI Magnesita is focused on developing new technologies to capture, store and utilise carbon dioxide that would otherwise be emitted during the refractory production process.

Separation, storage or reuse of carbon dioxide released from carbonate minerals is an important part of decarbonising the refractory industry and, as a result, the production processes of materials such as steel, cement and lime.

The companies will use Calix’s flash calciner technology to produce refractory materials which will enable carbon dioxide separation for use or storage.

Calix Managing Director Phil Hodgson was pleased to partner with RHI Magnesita.

“We are delighted to be working with RHI Magnesita, the world’s leading refractory company, on this important opportunity to help decarbonise the refractory industry, as well as looking at strategic opportunities in our high reactivity magnesium oxide businesses.”

RHI Chief Technology Officer Luis Bittencourt was equally pleased with the MOU.

“We are pleased to be working with Calix on this project, which is a key part of the research and development programme on CO2 emissions reduction that we are carrying out over the next five years.”

Calix and RHI will undertake studies, including basic front-end engineering and design for the facility which will be at a RHI Magnesita site.

Calix ended the day 6.54 per cent in the green to close at $2.77.

CXL by the numbers
More From The Market Herald

" Melbana Energy (ASX:MAY) undertakes logging at Alameda-1

Melbana Energy (MAY) has updated the market on its progress at the Alameda-1 exploration well being drilled in Block 9 PSC in Cuba.
Senex Energy (ASX:SXY) - CEO and MD, Ian Davies

" Senex Energy (ASX:SXY) in talks with POSCO International over $815m takeover bid

Senex Energy (SXY) has spiked in early trading action after flagging a takeover bid from South Korean big-cap POSCO International that values SXY

" Renergen (ASX:RLT) facilitates first helium forward sale agreement

Renergen has facilitated its first helium forward sale agreement of 100,000 units over a period of nineteen years.

" Strike successfully runs the final casing string at West Erregulla 2

Strike Energy has successfully run the final casing string in the West Erregulla 2 well.