EMN’s battery-grade manganese has lowest carbon footprint
Euro Manganese (ASX:EMN) today announced a comparative Life Cycle Assessment has confirmed that high-purity manganese products from EMN's Chvaletice Project (CMP) in the Czech Republic have a significantly lower carbon footprint than the incumbent industry in China — where 95% of global high-purity manganese products are currently processed.
EMN reported that the global warming potential of its high-purity electrolytic manganese metal, using 100% renewable power, is 64% lower than that produced by the incumbent industry (largely in China).
Also, EMN’s high-purity manganese sulphate monohydrate has a carbon footprint 59% lower than that produced in China.
The study found that global warming potential of EMNs products were also lower than other manganese projects that have recently published Life Cycle Assessment results.
Further, when benchmarked against the carbon footprint of the other battery cathode metals — nickel and cobalt — manganese from Chvaletice also compares very favourably.
As manganese is the most affordable and green battery metal, this supports the move to high-manganese cathode chemistries.
We covered EMN, which is one of our best performing Investments of the last two years, in a longer note yesterday that you can read here: EMN Update - We Have a Demo Plant. Now for Offtake Deals
In that note we looked at the interest that EMN is attracting from potential offtake partners across the electric vehicle battery value chain.
To meet their lower carbon emissions targets, auto makers are increasingly using strategic procurement of materials, so we expect the Life Cycle Assessment results reported today to assist in progressing offtake discussions.
EMN also announced that it will be hosting two separate fourth quarter and year-end 2022 conference calls — one for listeners in North America and Europe and one Australian audiences as follows:
CALL #1 – For North American and UK/European Audiences
- North America: Monday, Dec 19, 2022; 8:30am PST | 11:30am EST
- Europe: Monday, Dec 19, 2022; 4:30pm GMT | 5:30pm CET
- Registration: https://us06web.zoom.us/webinar/register/WN_vAv0NLdSQvmTnaMeTGgnKg
CALL #2 – For Australian Audiences
- Australia: Tuesday, Dec 20, 2022; 6:00am AWST | 9:00am AEDT
- North America: Monday, Dec 19, 2022; 2:00pm PST | 5:00pm EST
- Registration: https://us06web.zoom.us/webinar/register/WN_Z_H3BRPlT4y-CuN54W76vw
The content of both calls will be the same with President & CEO Matt James and CFO Martina Blahova to provide an update on the Chvaletice Project and its upcoming milestones. They will also discuss the company’s North American strategy.
