ABx Group's majority-owned subsidiary, ALCORE, recently received a R&D tax offset of $474,126.21 from the Australian Taxation Office for its innovative work in recovering hydrogen fluoride from 'excess bath', a byproduct of aluminium smelting process. This unique process involves combining hydrogen fluoride with aluminium hydroxide to produce aluminium fluoride, a valuable chemical crucial for aluminium smelting. Additionally, ABx Group anticipates further R&D tax offsets for its rare earth projects in northern Tasmania. The company's CEO, Mark Cooksey, expressed gratitude towards the government's R&D tax offset program, emphasizing its instrumental role in funding their diverse work programs. ALCORE specializes in advanced fluorine chemistry, particularly in developing more efficient methods for recovering fluorine from stable fluoride compounds and managing the reaction of fluorine acids with metal oxides. On the other hand, ABx Group is focused on rare earths in Tasmania and is working towards establishing a plant that can produce hydrogen fluoride and aluminium fluoride using recycled industrial waste as raw materials. The company's commitment to innovation and sustainability is evident in its approach towards utilizing waste for valuable chemical production.