- Renascor Resources (ASX:RNU) publishes the results of an LCA of its Siviour BAM project in South Australia
- The LCA results showed that producing one tonne of PSG from the project would result in approximately 2.0 tonnes of CO2 equivalent emissions
- It shows a reduced carbon footprint compared to China’s PSG production
- The global graphite market is on the rise, driven primarily by the increased demand for graphite in lithium-ion battery anodes
- RNU shares last traded at 14.5 cents
Renascor Resources (ASX:RNU) has announced the results of a life cycle assessment (LCA) of its Siviour battery anode material (BAM) project in South Australia.
The LCA looked at the environmental impacts attached to all stages of the company’s production of purified spherical graphite (PSG) from the project. It was carried out by independent environmental consultancy Minviro.
The LCA results showed that producing one tonne of PSG from the project would result in approximately 2.0 tonnes of CO2 equivalent emissions.
This marks a reduction compared to the main global source of PSG in Heilongjiang, China, which emits approximately seven tonnes of CO2 equivalent per tonne of PSG.
The lower environmental impact of the Siviour project is due to its use of South Australian grid electricity, which includes a higher proportion of renewable sources.
The global graphite market is on the rise, driven primarily by the increased demand for graphite in lithium-ion battery anodes. Benchmark Mineral Intelligence predicts a 300 per cent growth in battery-related graphite demand by 2028, with further acceleration through 2032.
China currently dominates both the graphite and anode markets, supplying around 70 per cent of global graphite and 90 per cent of global anodes for lithium-ion batteries.
In response to the growing demand for non-Chinese supply sources, initiatives like the US Inflation Reduction Act (IRA) are encouraging the growth of new supply chains.
RNU shares last traded at 14.5 cents.