Rio commits $150m to future materials centre
PERTH (miningweekly.com) – Major Rio Tinto has committed $150-million to create a Centre for Future Materials to find innovative ways to provide the materials the world needs for the energy transition.
The Rio Tinto Centre for Future Materials will fund research programmes to transform the way vital materials are produced, used and recycled, and make them more environmentally, economically and socially sustainable.
Under the partnership, Rio and Imperial College London will together define a set of major global challenges that need to be addressed. These will form the basis of the first research programmes the Centre pursues, in partnership with a selection of international academic institutions.
The Centre will be established in the second half of 2023, with the first research programmes funded in 2024. Rio Tinto will contribute $150-million over 10 years to fund the Centre.
“For the world to reach net zero, we must find better ways to provide the materials it needs. No single player can do this alone, and research and development play a vital role. Imperial College London is one of the world’s leading institutions focused on science and engineering – I cannot wait to see the progress we make, as we bring together the best of industry and academia, with shared ambition,” Rio CEO Jakob Stausholm said.
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