Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Avertana wins global engineering award

Auckland process technology company Avertana has won a leading global engineering award, taking out the Sustainability category at the respected IChemE Global Awards, an annual worldwide competition for excellence in chemical engineering, for its process that turns industrial waste from steelmaking into essential raw materials.

The IChemE Global Awards celebrate chemical and process engineering excellence. Now in their 25th year, they are widely considered the world's most prestigious chemical engineering awards, Avertana has previously been a finalist in the awards, in 2016 and 2017, in the SME category. This year, as a larger and more mature business, it entered the Sustainability award. Former winners in this category include chemical industry leaders such as Johnson Matthey Davy Technology, Petronas and BASF.

The awards are judged by a panel of senior figures in the chemical and process industries and Members of the Institution of Chemical Engineers, with up to 30 judges scrutinising each years’ entries. Winners were announced at the IChemE Global Awards Dinner on 7 November 2019 in Hull, UK.

Avertana has spent the past five years developing a world-first process that refines slag, a by-product of the steel industry, into a suite of commodity raw materials used to make everyday products, with no residual waste. Avertana’s technology not only consumes the solid by-products of steelmaking but also avoids mining and further waste generation by conventional industrial processes.

CEO Sean Molloy said “This is an incredible result for our firm and its technology, especially considering the quality of all the finalists in our category, and the calibre of former winners. I’m really proud of our team’s accomplishment in achieving this level of international recognition.”

Working with slag from BlueScope New Zealand Steel, as well as samples obtained from steel mills in China, Russia, and South Africa, Avertana has now confirmed that its process is applicable to more than 200 million tonnes of slag globally, providing a global platform for technology deployment.

Using slag as the input to make raw materials for manufacturing has some surprising sustainability benefits. Avertana’s process consumes 4-6 tonnes of slag to make a tonne of titanium pigment, which makes up around 80% of the revenue from a factory using the technology. The balance is made into chemicals used in water treatment and fertilisers, as well as inputs to make building materials such as cement and wallboard.

Compared with sourcing the same raw materials from conventional mining and chemical manufacturing processes, the technology has a significantly smaller carbon footprint, while at the same time avoiding the mining and processing of natural resources.

Avertana was also recently named a finalist in the inaugural Trans-Tasman Innovation Awards and has previously been recognised by the Cleantech Group and ICIS Chemical Business as a leader in environmental innovation. For full results of the awards, see the IChemE awards announcement here: official press release


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Policy Lessons From A Year Of Covid-19

The Reserve Bank of New Zealand – Te Pūtea Matua was in a sound position to continue to meet its mandate in the face of the COVID-19 induced economic shock. However, we must continue to transform so as to remain relevant and effective in addressing longer-term challenges, Reserve Bank Governor Adrian Orr said... More>>


Transport Industry Association: Feb 2021 New Vehicle Registrations Strongest On Record

Motor Industry Association Chief Executive David Crawford says that the February 2021 figures are the strongest for the month of February ever. Registrations of 12,358 were 8.0% up on February 2020. Year to date the market is up 7.1% (1,735 units) compared to the first two months of 2020... More>>

Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>


OECD: Annual Inflation Picks Up To 1.5% In January 2021 While Euro Area Records Sharp Increase To 0.9%

Annual inflation in the OECD area picked up to 1.5% in January 2021, compared with 1.2% in December 2020. Following a rebound between December and January, the annual decline in energy prices was less pronounced in January (minus 3.9%) than in December... More>>


Hemp Industries Association: Could The Next Team NZ Boat Be Made Entirely Of Hemp?

With The America’s Cup due to start in a few days’ time, innovators from a very different sphere have been wondering how long it could be before New Zealand could be competing in a boat entirely built from hemp, with the crew eating high-energy, nutritious hemp-infused foods and wearing high-performance hemp kit..? More>>


ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>

Genesis: Assessing 6,000 GWh Of Renewable Generation Options For Development By 2025

Genesis is assessing 6,000 GWh of renewable generation options for development after starting a closed RFP process with 11 partners. Those invited to participate offer a range of technologies as Genesis continues to execute its Future-gen strategy to ... More>>