Suvo Strategic Minerals Limited (ASX: SUV) has successfully produced and delivered its first low carbon geopolymer precast product. This milestone involves a series of 1000mm x 350mm x 350mm backing blocks, intended for hardscaping and demonstration purposes in a major government infrastructure project.
Executive chairman Aaron Banks expressed his enthusiasm about the company’s progress, “We’re rapidly accelerating the commercialization of our geopolymer IP and now we have the production capability of PERMAcast with production and delivery of our first geopolymer concrete product to market in under 30 days.”
The backing blocks have been rigorously tested and deemed fit for purpose, meeting all necessary concrete strength and design parameters. This achievement marks the first significant milestone under the Joint Development Agreement (JDA) with JV Partner, PERMAcast. The primary goal of this partnership is to deliver low carbon geopolymer concrete (GPC) products and projects, and to commercialize the intellectual property (IP) developed through the joint venture entity (JV Entity).
The JV parties are actively continuing other work streams as outlined in the JDA, which include:
- Preparing and testing a range of GPC formulations to meet concrete strength requirements of nominally 10, 20, 30, and 40MPa, and determining the maximum strength attainable
- Characterizing and assessing applications and products that can utilize the different GPC strength formulations
- Testing and demonstrating the suitability of different GPC formulations for various applications and products
- Assessing the cost and performance of different GPC applications and products to determine the preferred route for commercialization
The global geopolymer market reached a size of US$7.3B in 2023. According to the IMARC Group, the market is expected to grow to US$40B by 2032, with a compound annual growth rate (CAGR) of 20.9% during 2024-2032. This growth is driven by the increasing focus on sustainable construction practices to reduce carbon footprints, rising awareness about environmental pollution, favourable government initiatives, and the growing demand for waste management solutions. Geopolymers are recognized as an eco-friendly and sustainable choice for construction and infrastructure projects, leading to a rising global demand.
“We continue the work streams outlined in the JDA with our JV partner, PERMAcast, whilst also advancing other key activities such as negotiating supply agreements for various waste derived inputs required for our geopolymer formulations and advancing offtakes discussions for potential future geopolymer concrete products and projects. We are thrilled with the operational readiness shown by our JV partner, allowing us to meet the first commitment under the JDA, being the delivery of the backing blocks to the project by the end of July.” Added Aaron.
Suvo’s achievement in delivering its first low carbon geopolymer precast product marks a significant step forward in sustainable construction and the commercialization of green building materials.
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