Acceleware to Commence Next Phase of Mining Project

CTI-Powered Potash Ore Drying with Saskatchewan’s International Minerals Innovation Institute - Seite 2

Published reports put the industrial dryer market at US$3.5 billion in 2022, growing to US$4.7 billion in 2026¹. Acceleware’s analysis of the dryer market for the mining sector indicates a US$1 billion opportunity for low emissions dryers over the next 10 years.

“The Acceleware team is excited to get to work on the next phase of this project, which will essentially prove out the concept of CTI electrification to decarbonize the drying of potash ore and other mineral commodities at large-scale,” said Geoff Clark, Chief Executive Officer of Acceleware. “We believe that we have cracked the code, so to speak, for the use of solid-state electromagnetic energy for industrial scale heating and drying applications and are looking forward to demonstrating the many benefits resulting from this game-changing decarbonization project. The CTI could make significant GHG emissions reductions, alongside economic benefits for the mining industry. We look forward to next steps and are specifically pleased to be working with IMII and its world-class potash members.”

“As a member of IMII, we are pleased to support Phase 2 of the pilot. Achieving net zero scope 1 emissions is one of the largest decarbonization challenges for conventional potash producers. The CTI technology being developed has the potential to play an exciting role in decarbonizing potash processing and could provide a pathway to reduced scope 1 emissions,” said Kathlene Jacobson, Principal Innovation, BHP. Added Al Shpyth, IMII’s executive director, “A CTI commercial-scale drying platform with lower operating costs could present an opportunity for a sustainability win for the minerals industry, reducing energy and improving economics, while lowering GHGs. As the minerals industry shifts focus to innovative solutions for a lower environmental footprint, we see economic benefits and sustainability going hand-in-hand in many instances and are actively seeking out those opportunities.”

Acceleware’s patented CTI is unique in its ability to economically decarbonize industrial heating applications even at very large scale. A commercial scale drying platform for mining will augment Acceleware’s portfolio of decarbonization applications. Currently, Acceleware is in final phases of testing at its commercial scale pilot for electrification of heavy oil production via RF XL, the first of several industrial heating applications that Acceleware is commercializing.