IB2 lands a major investment from Glencore to fuel aluminium’s sustainable shift
Paris
|
November 13, 2024 11:38 AM Eastern Standard Time
IB2, the French company co-founded by Yves Occello and Romain Girbal, has announced that it managed to secure a total of 100 million euro investment in the last 12 months to further develop its innovative process for producing more sustainable alumina. This investment marks a decisive step for IB2 and confirms its pioneering role in the ecological transformation of the traditionally energy-intensive aluminum sector.
The financing was secured from a group of financial and industrial investors including Glencore and several private backers. This alliance will provide IB2 with additional resources to deploy its process on an international scale.
Robin Scheiner, Head of Glencore's aluminum business, welcomes the investment: "As the demand for bauxite and alumina continues to grow, we believe IB2’s technology has the potential to play a role in meeting the aluminium industry needs in a sustainable way”.
For Romain Girbal, the €100 million raised provides the means to accelerate and strengthen IB2's market position. The French co-founder adds: "Having Glencore on our side will also allow us to accelerate the deployment of our technology on a global scale.”
The IB2 process is a technological innovation that transforms low-grade bauxite into high-grade ore, optimizing alumina production while reducing the sector's environmental footprint. The process reduces the production of red mud by 67% and the use of water and caustic soda by more than 80%, while producing an environmentally friendly by-product, tobermorite, which is used in the production of a new generation of green cement. This technology is the first major innovation in this heavy industry sector in over 50 years.
With this spectacular €100 million investment, IB2 is now a key player in the environmental transformation of the aluminum industry, consolidating its position as a leader in this crucial change.
About IB2:
IB2 is a green industrial tech company that has developed a breakthrough environment-friendly technology for alumina refineries. The technology was developed by a team of 10 professionals cumulating 300 years of experience in the bauxite and alumina industry, especially in the Bayer process and all types of bauxites.
https://ib2-bauxite.com/
About Romain Girbal:
Romain Girbal is a co-founder of IB2.
After studying French and Spanish business law at the University of Paris X (Nanterre) and international trade at the University of Carlos III (Madrid), he obtained a master’s degree in business law and international management at HEC Paris in 2007. Romain Girbal is a graduate of Harvard Business School where he studied the OPM program for entrepreneurs.
For further information please contact SIC enigma at info@si-c.ch
Contact Details
SIC enigma
Peter Limacher
Company Website
