Rio Tinto Fer et Titane Inc. (RTFT)
$222,000,000.00 CAD
- Program
- SIF Stream 3 - Attraction
- Recipient country
- Canada
- Fiscal year
- 2023-2024
- Agreement period
- May 1, 2023 – June 30, 2045
- Reference
- ic:033-2023-2024-Q1-819662
Published purpose
This project will increase RTFT's production of critical minerals that will go into products like electric vehicles and batteries. Their BlueSmelting initiative, a new technology for carbon-neutral ilmenite extraction, could generate 95% less GHG emission than their current process enabling the production of high-grade titanium dioxide feedstock, steel, and metal powders with a drastically reduced carbon footprint. The project’s work phase is scheduled to end on March 31, 2030.
In plain English AI-generated
This project funds Rio Tinto Fer et Titane to expand production of critical minerals for electric vehicles and batteries, using a new technology that reduces greenhouse gas emissions by up to 95% compared to current processes.
Category: Climate Primarily funds activity in Canada
Based on the published description. See how AI categorization works — the linked official record is authoritative.
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