TNG Limited, an Australian resource company, has awarded Metso Outotec a study to reduce Mount Peake Ti-V magnetite concentrate using CircoredTM technology, which uses hydrogen as its only reductant source.
As part of the study, Metso Outotec will perform a techno-economic assessment to integrate CircoredTM technology into TNG’s innovative TIVAN® process that provides for the extraction of high-quality products from Ti-V magnetite ore bodies.
Metso Outotec has been granted this assignment following the positive test work performed for TNG which confirmed the applicability of hydrogen-based reduction for Mount Peake Ti-V magnetite concentrate. Now, it will further define the process flowsheet for the Mount Peake Project and prepare a preliminary capital cost and operating cost (+/-30%) for a Circored™ Plant.
CircoredTM, part of Metso Outotec’s Planet Positive portfolio, is a process that uses hydrogen as the sole reducing agent in the reduction of fine ores, enabling carbon neutrality for metal processing plants.
More information on CircoredTM can be found on Metso Outotec’s website.
Further information, please contact:
Parizat Pandey, Director, Direct Reduced Iron (DRI), Metso Outotec, tel. +49 172 6873563, email: parizat.pandey(at)mogroup.com
Helena Marjaranta, Vice President, Communications and Brand, Metso Outotec, tel. +358 20 484 3212, email: helena.marjaranta(at)mogroup.com
Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. By improving our customers’ energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change. Metso Outotec is committed to limiting global warming to 1.5°C with Science Based Targets.
Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its sales for 2021 were about EUR 4.2 billion. The company is listed on the Nasdaq Helsinki. mogroup.com, www.metso.com/twitter/