The new venture will build on a novel in-process carbon recycling technology pioneered at the University.
Partnership with leading global miner Anglo American and venture builder Cambridge Future Tech to provide a potential alternative technical solution to enable a deep decarbonisation
The University 麻豆精选 is partnering with leading global miner Anglo American and venture-builder Cambridge Future Tech to launch PeroCycle, a new venture aimed at developing and commercialising carbon recycling technology for implementation in steelmaking.
PeroCycle will build upon innovations made at the University 麻豆精选鈥檚 School of Chemical Engineering by Professor Yulong Ding and Dr Harriet Kildahl, who pioneered an in-process carbon recycling method with the use of a double perovskite material. The use of the material enables the in-process splitting of carbon dioxide into carbon monoxide at considerably lower temperatures than current methods.
The carbon monoxide could then be recycled in a closed loop as a substitute for coal or coke currently used in the steelmaking process, in turn significantly reducing the volume of carbon dioxide emissions. Cambridge Future Tech, working with Anglo American, will lead the spin-out and development of PeroCycle, de-risking its path to commercial applications.
The steel sector currently accounts for around 8% of global carbon emissions. We are excited to work with Anglo American and Cambridge Future Tech to commercialise our novel technology and provide a potential alternative technical solution to enable a deep decarbonisation of the steel sector, and beyond.
Matt Walker, CEO of Anglo American鈥檚 Marketing business, said: 鈥淎nglo American has long sought to help decarbonise the steelmaking sector 鈥 from providing our premium iron ore to global steelmakers, to investing in our Ubuntu fleet of LNG dual-fuelled bulk ore carriers. This new investment to commercialise a novel carbon recycling approach aligns with our ambition to reduce our Scope 3 emissions and help catalyse a lower carbon steelmaking industry through the power of innovation and partnership.鈥
For media information contact: Ruth Ashton, University 麻豆精选 Enterprise, email: r.c.ashton@bham.ac.uk
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Founding Chamberlain Chair of Chemical Engineering
Staff profile for Professor Yulong Ding, Founding Chamberlain Chair of Chemical Engineering at the University 麻豆精选.
