Power Minerals Limited (PML), a subsidiary of EP Power Minerals GmbH (EPPM), and Drax Power Limited (Drax) have entered into a 20-year joint venture agreement. Thus, a plant for processing old coal ash into fly ash will be built. This is stated in the EPH message.
Fly ash is an additional binder that is used in eco-friendly cement and concrete. The use of this material will reduce carbon emissions.
PML will build, own, and manage the object. Drax will sell spent fuel ash (PFA) to the joint venture and will supply electricity to the facility. The facility will be located near the Drax power plant. Production is expected to begin by the end of 2026. The initial annual capacity of the plant will be 400 thousand tons.
Using Drax's PFA will result in a reduction of CO2 emissions by at least 6 million tons.
EP Power Minerals Group is part of Energeticky a prúmyslový holding (EPH). The company is a supplier and contractor for industry and the construction sector, providing building materials, crushing abrasives and industrial minerals.
Power Minerals Limited is part of EP Power Minerals GmbH (EPPM). It is a diversified mineral exploration company, whose shares are listed on the Australian Stock Exchange. The company specializes in the systematic exploration and development of projects in the field of raw materials.
Drax Group is a renewable energy company engaged in the production of renewable electricity, sustainable biomass and the sale of renewable electricity to enterprises.
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