NEWS Orbite to license technology to neutralize red mud
2012-08-01 07:39 ET - News Release
Mr. Farah Kurji reports
ORBITE ALUMINAE OFFERS THE FIRST TREATMENT TO NEUTRALIZE RED MUD
Orbite Aluminae Inc. has developed a patented technology that can treat red mud, the most significant waste product of the traditional Bayer process for aluminum production. The Company thus offers the only ecologically sound and commercially viable alternative to manage and eliminate these toxic residues.
According to the International Committee for Study of Bauxite, Alumina & Aluminium (ICSOBA), alumina producers generated in 2011 alone more than 100 million tonnes of red mud of which only 5% was reused(1). The rest is stored in ponds and reservoirs, entailing significant environmental risks. For example, on October 4, 2010, a flood of toxic red mud devastated Hungary after a retaining dyke ruptured, causing an ecological disaster. India, China, Canada, and Brasil have also been affected by spills. The environmental and social costs associated with the Bayer process and global aluminum production have become so high that several countries now oppose the development of new mining and production facilities. Orbite's technology is an ecological and economically viable solution to this problem.
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