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AL CIRCLE

Sustainability weekly recap: Closed Loop Partners backs startup turning scrap aluminium into hydrogen fuel

EDITED BY : 3MINS READ

Closed Loop Partners, headquartered in New York, invested in Found Energy, a Boston-based startup that turns aluminium trash into hydrogen fuel. Found Energy uses a novel method in which scrap aluminium is treated with a catalyst and activated with water, yielding several valued outputs. Shandong Nanshan Aluminium, established in China, is principally concerned with manufacturing and marketing different aluminium products. The company has invested in forming Longkou Nanshan Renewable Resources Co., Ltd. The International Council on Mining and Metals, or ICMM, has produced detailed recommendations to assist mining and metals firms in setting significant short-, medium-, and long-term objectives for reducing Scope 3 emissions. Since 2019, Ball Corporation, a worldwide leader in aluminium packaging in the United States, has extended its business by making aluminium cups. Ball aluminium cups are intended to be durable and are a superior alternative to plastic cups used in public spaces or gatherings.

Closed Loop Partners backs startup turning scrap aluminium into hydrogen fuel

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New York based Closed Loop Partners invested in Found Energy, a company located in Boston that converts aluminium scrap into hydrogen fuel. Found Energy employs a unique process wherein scrap aluminium is treated with a catalyst, activated with water, which yields multiple valuable outputs.

To know more: https://www.alcircle.com/news/closed-loop-partners-fuels-innovation-invests-in-start-up-transforming-scrap-aluminium-into-hydrogen-fuel-104500

China-based Shandong Nanshan Aluminium Co., Ltd, primarily involved in the production and distribution of various aluminium products, has made strategic investments in the establishment of Longkou Nanshan Renewable Resources Co., Ltd.

To know more: https://www.alcircle.com/news/nanshan-aluminium-s-renewable-resource-project-gears-up-for-trial-run-104527

ICMM, or the International Council on Mining and Metals, has issued comprehensive guidance to empower mining and metals companies in the pursuit of impactful short, medium, and long-term targets for mitigating their Scope 3 emissions.

To know more: https://www.alcircle.com/news/aluminium-industry-plays-catalyst-in-icmm-s-bold-new-framework-for-scope-3-emission-reduction-104514

Ball Corporation, a USA-based global leader in aluminium packaging, has expanded its business by producing aluminium cups since 2019. Ball aluminium cups are meant to be sturdy and are a better alternative to plastic cups used in public places or gatherings. Ball's USP lies in the total recyclability of these aluminium cups, as they can be rinsed, reused, and recycled.

To know more: https://www.alcircle.com/news/sustainable-circle-of-hope-ball-s-strategic-introduction-of-aluminum-cups-in-populated-public-areas-104498

Aluminium Stewardship Initiative (ASI) announced the joining of Australia-based BAB Aluminium as the new Industrial User Member. Founded by Brian Blowes, BAB Aluminium stands tall as a quintessential Australian success narrative, boasting an unwavering commitment to its national heritage.

To know more: https://www.alcircle.com/news/bab-aluminium-joins-asi-as-the-new-industrial-user-member-104533

First Solar has announced a positive development in its efforts to promote clean energy in India. The company has teamed up with Cleantech Solar to supply its new thin-film solar module factory in Tamil Nadu with renewable energy. 

To know more: https://www.alcircle.com/news/the-journey-to-create-a-carbon-free-india-first-solar-signs-a-15-year-ppa-with-cleantech-solar-10453


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