ABx Group Advocates for Clean Energy with Rare Earth Elements and Aluminium
Key Ideas
- ABx Group promotes the use of rare earth elements and aluminium for a cleaner energy future, advocating for environmental well-being.
- The company's managing director highlighted the potential for Australia to become a clean energy superpower by supporting local rare earth projects and increasing aluminium production.
- ALCORE, a subsidiary of ABx Group, received a significant research & development tax offset for innovative activities involving the recovery of hydrogen fluoride, a process crucial for aluminium production.
- In addition to rare earth projects, ABx Group focuses on enhancing the value of bauxite resources for various industries like cement, aluminium, and fertilisers.
ABx Group, an Australian high-tech company, has been actively promoting clean energy solutions using rare earth elements and aluminium. Dr Mark Cooksey, the managing director, emphasized the importance of environmental well-being and the potential for Australia to become a clean energy superpower. ABx Group is involved in developing local rare earth supply chains and supporting the Australian Aluminium Council. Their subsidiary, ALCORE Limited, received a substantial research & development tax offset for their innovative work in recovering hydrogen fluoride to produce aluminium fluoride. This process is essential for aluminium smelting. The company anticipates further tax offsets for their rare earth projects in Tasmania. ABx Group also focuses on maximizing the value of bauxite resources for industries like cement, aluminium, and fertilisers. Overall, ABx Group's efforts reflect a positive sentiment towards harnessing clean energy sources and promoting sustainable practices in Australia's industrial sector.
Topics
Projects
Clean Energy
Research And Development
Environmental Sustainability
Aluminium Industry
Australian Taxation Office
Rare Earth Elements
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