Ionic Rare Earths (ASX:IXR) said its wholly-owned unit Ionic Technologies is on track to complete a first-of-kind product carbon footprint analysis in partnership with Minviro for a proposed magnet recycling plant in the UK, according to a Wednesday Australian bourse filing.
The plant relies on Ionic Technologies' patented technology, which the firm said has a smaller carbon footprint compared with conventional rare earth oxide production.
The life cycle assessment methodology used in the analysis is expected to help Ionic Technologies reduce the carbon dioxide emission impact of goods containing rare earth oxides.
The rare earth minerals selected for the study are didymium oxide and dysprosium oxide, with a sensitivity analysis on neodymium oxide, which reflects the expected product mix from the Belfast commercial plant.
The study is currently being peer-reviewed to ensure transparency and accuracy.
The unit is also collaborating with metals and alloy manufacturer Less Common Metals, as well as Ford Technologies for the development of a supply chain for recycled magnets, backed by the UK Government.
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