BMW invests in Jetti copper company
2022.12.01 11:06
BMW invests in Jetti copper company
Budrigannews.com – On Thursday, according to BMW, the German car manufacturer invested in “Jetti Resources”, which has a technology that allows extracting lower-grade resources, as well as producing metal with a low carbon footprint.
BMW and other automakers conclude production agreements that guarantee the delivery of copper and other basic stainless components that may have disadvantages before there are requests for an organized flow of electric vehicle production.
The amount of investment in the private venture fund BMW iVentures has not been published, although BMW plans that by 2030 at least half of its cars will be fully powered by electricity.
“According to “”SP Global NYSE”” (SP Global NYSE): “”Electric vehicles require 2-5 times more copper than cars with internal combustion, which also implies a shortage, since by 2035 the consumption of metal used in the electric power industry is expected to double to 50 million tons.”According to the American company “Jetti”, its technology consists of leaching and not melting, which reduces CO2 emissions by 40% and consumes less energy.
Wolfgang Ubermayer, head of direct products and services at BMW, said that the new process could potentially improve the environmental impact and sustainability of our supply chain, even in the face of growing demand for similar resources such as copper.
A BMW spokesman said that despite the fact that the investment is not included in the takeover agreement, there is potential for future deliveries. The introduction of Jetti technology has been implemented on several pilot projects and one commercial site.
The company Corp., which announced that its mine in Arizona doubled the volume of copper production. In addition, the miners of “Floport-MsMoRan NYSE”: invested in “Jetti”. BHP Group and the Company Inc. NYSE:, except for the Head of Resources of the corporation BlackRok Inc. NYSE: Jetti’s technology for extracting metal from stainless steel allows you to extend the life of the mine and use it for the disposal of waste disposed of at the landfill
