Thanks to all the participants in the webinar who took the time to craft and submit the questions.
. There will continue to be a market for uranium, but it won’t be growing massively.
Cement is the gray glue that holds our world together. And it’s 8-10% of the global carbon problem. There are. The first is the heat for the limestone kiln. That’s entirely possible to shift to electricity, as the temperatures aren’t hard. The third is the rotating clinker drum with its jet of natural gas that heats the quicklime and clay into clinker, a ceramics process. Even that is feasible to replace, either with a jet of biomethane or an electric plasma jet.
The problems are more capex and the sunk cost fallacy. A cement plant is a US$500 million dollar piece of kit with a lifespan measured in decades. And those energy solutions can’t just be bolted onto most of the existing facility, for the most part. Biomethane jets instead of natural gas can be, but that requires a consistent and fairly high volume source of biomethane. As I noted for another question, I’m not a big fan of creating more methane intentionally.
Local capability in Australia is a concern, as I understand it without being deep on Australia’s industrial capacity. My information on Australia is light, but creating a modern sophisticated minerals processing capacity requires scale, capital, technology and a breadth of human engineers that Australia’s resource pool might have difficulties with. That, however, is something that can be addressed by inviting foreign partners in.
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