Sibanye partners with Johnson Matthey in net zero push
Sibanye-Stillwater and Johnson Matthey, a global leader in sustainable technologies, announced a strategic partnership to identify and develop solutions to drive decarbonisation and the more efficient use of critical metals such as PGMs (platinum group metals) and metals used in battery technology.
The challenge of tackling climate change has resulted in nations around the world setting net zero targets to drive decarbonisation through supply chains. At the same time, customers and consumers are increasingly demanding responsibly sourced raw materials and products.
PGMs due to their unique properties, play a vital role in low carbon technologies that will enable the path to net zero targets globally. PGMs are at the heart of electrolyser technologies for producing green hydrogen (that is hydrogen produced from renewable energy and with no greenhouse gas emissions). PGMs are also a crucial component of fuel cells, facilitating the conversion of hydrogen into electrical energy with no harmful emissions.
The strategic partnership between the two companies will focus on developing a number of opportunities to drive technological innovation and ensure more sustainable supply chains for customers:
1. Johnson Matthey and Sibanye-Stillwater will collaborate on the sourcing and application of PGMs and metals used in battery technology to enable the development and commercialisation of low carbon technologies, with a focus on circularity and sustainability. In addition, the companies will examine potential opportunities to apply their collective experience to support the development of more sustainable supply chains for battery materials.
2. The companies will combine their extensive expertise in metals recycling to improve current technologies, particularly for ‘difficult to recover’ materials.
3. The strategic partnership builds on the existing relationship between the two companies, which has ensured security of supply of crucial PGMs into many industries. Johnson Matthey and Sibanye-Stillwater have also extended their current PGM supply and refining agreement to ensure long term sustainable supply for Johnson Matthey’s products and customers.
Neal Froneman, CEO of Sibanye-Stillwater commented: “We are delighted to enter into this world- class partnership which further advances our commitment to creating a greener future, by developing technologies for a better tomorrow, utilising the metals we produce. Fast-tracking green technology and working together to achieve ESG excellence will enable us to continue to improve lives and the environment.”
Robert MacLeod, Chief Executive of Johnson Matthey added, “We are excited to bring together our complementary expertise to help secure a more sustainable future for tomorrow’s industry.”
Johnson Matthey (the world’s largest fabricator and recycler - secondary refiner - of PGMs) is at the forefront of science that enables a more sustainable future – including technologies for clean hydrogen production, fuel cell products, next generation battery materials and solutions for the decarbonisation of the manufacture of chemicals.
Sibanye-Stillwater, a leading global PGM producer and a top tier gold producer, recently entered the battery metals supply chain through an equity investment into and partnership with, Keliber Oy, a Lithium Hydroxide project in Finland. Sibanye-Stillwater is also a leading global recycler of spent catalytic converter materials containing platinum, palladium and rhodium. The company recently achieved an ‘A-’ rating by non-profit global environmental disclosure platform CDP, in recognition of its climate change action and disclosure.
Axora launches global challenge for digital technology
Axora is launching the world’s first international competition to discover new cost-saving digital technology for industrial companies, which can produce rapid benefits within a year.
The Metals & Mining and Oil & Gas sectors have recently experienced budget cuts of 20% on average, driven by a variety of factors including the global pandemic, slump in demand and price wars. The Axora Cost-Saving Technology Challenge aims to transform these industries by discovering innovative, digital solutions that reduce cost fast and pay for themselves, whilst achieving the same or improved productivity, health and safety and sustainability standards.
“While digital solutions can help to get work done quicker and more cost-effectively, they typically require a three-year ROI, and if there’s no flexibility in the budget, a full budget planning cycle is needed to get things moving”, said Dr. Nick Mayhew, Chief Commercial Officer, Axora.
“Yet, extra financial cost is often incurred in delaying digital projects, so customers have asked us to highlight solutions that can have an ‘in year payback’ whereby the cost spent on the solution and deployment will be more than recovered within the budget year - this accelerates the timeline and drives positive business impact, quickly.”
The Axora Cost-Saving Technology Challenge
Axora is keen to learn of any digital cost-saving innovation which: meets the 12-month payback timeframe; can be deployed in any part of the value chain including upstream, downstream or midstream oil and gas, metals processing or mining; and is ready for market. The Axora Cost-Saving Technology Challenge is open to entrepreneurs, start-ups, academics and sector leaders across the world. The competition will be judged by a panel of leading industry experts.
“We’re passionate about supporting our industries and customers through all forms of digital transformation and the cost-saving solutions we are searching for could also provide a lifeline to many mining and metals and oil and gas companies in the current economic climate,” added Dr. Mayhew.
Improving productivity, safety and sustainability
Up to ten finalists will be chosen to pitch their solutions at a digital pitch day later this year, after which Axora will validate the ROI models and vet the solutions. The winner will receive the ‘Axora Market Accelerator’ sales and marketing package worth £10,000. This includes a two-hour workshop, promotion through Axora’s thought leadership content and inclusion into its digital demand engines, providing the opportunity for the winning solution to benefit thousands of industrial companies. Entries are open until May 31. Full details of the competition including terms and conditions can be found here.
To learn more about the Axora B2B digital solutions marketplace read our feature in the latest issue of Mining Global magazine.