Published: January 28, 2025 |

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Anglo American is partnering with the University of Birmingham and venture-builder Cambridge Future Tech to launch PeroCycle, a new venture aimed at developing and commercializing carbon recycling technology for implementation in steelmaking.

PeroCycle will build upon innovations made at the University of Birmingham’s 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.

“Anglo American has long sought to help decarbonise the steelmaking sector — 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 commercialize a novel carbon recycling approach aligns with our ambition to reduce our Scope 3 emissions and help catalyze a lower carbon steelmaking industry through the power of innovation and partnership,” said Matt Walker, CEO of Anglo American’s Marketing business.

“The steel sector currently accounts for around 8 percent of global carbon emissions. We are excited to work with Anglo American and Cambridge Future Tech to commercialize our novel technology and provide a potential alternative technical solution to enable a deep decarbonization of the steel sector, and beyond,” said Professor Yulong Ding, founding Chamberlain Chair of Chemical Engineering at the University of Birmingham.

Anglo American is a leading global mining company and its products are the essential ingredients in almost every aspect of modern life. Their portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers. With people at the heart of their business, they use innovative practices and the latest technologies to discover new resources and to mine, process, move, and market products to their customers — safely and sustainably. As a responsible producer of diamonds (through De Beers), copper, platinum group metals, premium quality iron ore and metallurgical coal for steelmaking, and nickel — with crop nutrients in development — they are committed to being carbon neutral across our operations by 2040. More broadly, their Sustainable Mining Plan commits them to a series of stretching goals to ensure they work towards a healthy environment, creating thriving communities, and building trust as a corporate leader. They work together with business partners and diverse stakeholders to unlock enduring value from precious natural resources for the benefit of the communities and countries in which they operate.

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