Anglo American, University of Birmingham, and Cambridge Future Tech Join Forces to Launch PeroCycle for Carbon Recycling in Steelmaking

Anglo American, University of Birmingham, and Cambridge Future Tech Join Forces to Launch PeroCycle for Carbon Recycling in Steelmaking

(IN BRIEF) Anglo American, in partnership with the University of Birmingham and Cambridge Future Tech, has launched PeroCycle, a venture aimed at advancing carbon recycling technology in steelmaking. The project builds on the pioneering work of Professor Yulong Ding and Dr. Harriet Kildahl, who developed a method to split carbon dioxide into carbon monoxide using a double perovskite material. This carbon monoxide can replace coal or coke in steelmaking, reducing carbon emissions. Cambridge Future Tech will lead the commercial development of the technology, helping to de-risk its path to market. The initiative aligns with Anglo American’s commitment to reducing its Scope 3 emissions and promoting a lower-carbon steel industry.

(PRESS RELEASE) LONDON, 23-Jan-2025 — /EuropaWire/ — Anglo American has teamed up with the University of Birmingham and venture-builder Cambridge Future Tech to establish PeroCycle, a new initiative aimed at advancing and commercializing carbon recycling technology for the steel industry. The new venture will focus on transforming the steelmaking process by reducing carbon emissions through an innovative recycling method developed at the University of Birmingham.

PeroCycle is built upon groundbreaking research from Professor Yulong Ding and Dr. Harriet Kildahl at the University of Birmingham’s School of Chemical Engineering. Their pioneering method uses a double perovskite material to facilitate the in-process splitting of carbon dioxide into carbon monoxide at significantly lower temperatures than conventional techniques. The carbon monoxide produced can then be recycled in a closed loop, replacing coal or coke currently used in steelmaking, thereby drastically lowering the carbon dioxide emissions associated with the process.

Cambridge Future Tech, working closely with Anglo American, will oversee the spin-out of PeroCycle and guide the development of the technology, ensuring a clear and de-risked path toward its commercial application.

Matt Walker, CEO of Anglo American’s Marketing business, emphasized the importance of the partnership, stating: “Anglo American has long been committed to decarbonizing the steelmaking industry—whether by providing premium iron ore to global steelmakers or by investing in our Ubuntu fleet of LNG dual-fuelled bulk ore carriers. This new investment in carbon recycling technology aligns with our ongoing efforts to reduce Scope 3 emissions and foster innovation in the pursuit of a low-carbon steelmaking sector.”

Professor Yulong Ding, Founding Chamberlain Chair of Chemical Engineering at the University of Birmingham, added: “The steel industry is responsible for about 8% of global carbon emissions. We are thrilled to collaborate with Anglo American and Cambridge Future Tech to bring our innovative technology to market and provide a potential solution for deep decarbonization within the steel sector, and beyond.”

Notes:

Anglo American is a leading global mining company focused on the responsible production of copper, premium iron ore and crop nutrients – future-enabling products that are essential for decarbonising the global economy, improving living standards, and food security. Our portfolio of world-class operations and outstanding resource endowments offers value-accretive growth potential across all three businesses, positioning us to deliver into structurally attractive major demand growth trends.

Our integrated approach to sustainability and innovation drives our decision-making across the value chain, from how we discover new resources to how we mine, process, move and market our products to our customers – safely, efficiently and responsibly. Our Sustainable Mining Plan commits us to a series of stretching goals over different time horizons to ensure we contribute to a healthy environment, create thriving communities and build trust as a corporate leader. We work together with our business partners and diverse stakeholders to unlock enduring value from precious natural resources for our shareholders, for the benefit of the communities and countries in which we operate, and for society as a whole. Anglo American is re-imagining mining to improve people’s lives.

Anglo American is currently implementing a number of major structural changes to unlock the inherent value in its portfolio and thereby accelerate delivery of its strategic priorities of Operational excellence, Portfolio simplification, and Growth. This portfolio transformation will focus Anglo American on its world-class resource asset base in copper, premium iron ore and crop nutrients, once the sale of our steelmaking coal and nickel businesses, the demerger of our PGMs business (Anglo American Platinum), and the separation of our iconic diamond business (De Beers) have been completed.

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